Money and Finance
ASEAN+3 Asian Bond Markets Initiative (ABMI)
The Asian Bond Markets Initiative (ABMI) was launched in December 2002 and promoted in August 2003 by the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China (PRC), Japan, and the Republic of Korea—collectively known as ASEAN+3—to develop local currency (LCY) bond markets as an alternative source of funding to foreign-currencydenominated bank loans to minimize the currency and maturity mismatches that had made the region vulnerable to the sudden reversal of capital inflows. Policy makers in the ASEAN+3 region have also aimed to promote regional financial cooperation and integration under ABMI.
The AsianBondsOnline (ABO) was launched on May 2004 to support the ABMI. Funded by Japan's Ministry of Finance, through the Investment Climate Facilitation Fund, it is a one-stop clearinghouse of information on sovereign and corporate bonds. It presents both regional and market-specific information in a structured format, giving market participants and potential investors a clear perspective of the current market. Government and private sector initiatives to enhance market depth and liquidity are also detailed.
Agreements
- Chairman's Press Release on the Asian Bond Markets InitiativeAssociation of Southeast Asian Nations (ASEAN) Secretariat16 Oct 2012
News
- ADB supports Thailand's first social bond issued by state-owned Government Savings BankAsian Development Bank29 Jun 2022
- $400 million ADB loan to support expansion of Philippine capital marketsAsian Development Bank30 May 2022
- Joint statement of the 25th ASEAN+3 Finance Ministers' and Central Bank Governors' MeetingMonetary Authority of Singapore12 May 2022
- First social bond issued by nonfinancial corporate issuer under ASEAN social bond standardsAsian Development Bank17 Nov 2021
Opinions and Editorials
- The evolution of Asia's domestic bond marketsInternational Business Times13 Oct 2010
- The importance of open bond marketsTODAY6 Oct 2010
- Making Asia`s bond markets work for the regionChina Daily2 Dec 2009
- Efficient market needs proper regulationGlobal Times (noncatalog)9 Nov 2009
Studies and Research
- Promoting Local Currency Sustainable Finance in ASEAN+3Asian Development BankAsian Development Bank7 Jun 2022
- Recent Technological Advances in Financial Market Infrastructure in ASEAN+3: Cross-Border Settlement Infrastructure ForumAsian Development BankAsian Development Bank1 Jun 2022
- Financial Integration and Macrofinancial Linkages in Asia: Crises, Responses, and Policy ConsiderationsAsian Development BankAsian Development Bank20 Oct 2020
- Next Steps for ASEAN+3 Central Securities Depository and Real-Time Gross Settlement Linkages: A Progress Report of the Cross-Border Settlement Infrastructure ForumAsian Development BankAsian Development Bank23 Jul 2020
Meetings
- Asian Bond Market Initiative (ABMI) Task ForceAssociation of Southeast Asian Nations (ASEAN) Secretariat8 Mar 2011
Featured Publications
