Live webinar held on Bond Market Guide for Mongolia

Ulaanbaatar /MONTSAME/. On April 19, the Ministry of Finance of Mongolia and Asian Development Bank (ADB) organized a live webinar on Bond Market Guide for Mongolia. More than 180 participants took part in the online event, including ASEAN+3 Bond Market Forum members, ASEAN+3 officials, Asian Impact webinar participants, European investors, Mongolian financial institutions. ADB has been working closely with the Association of Southeast Asian Nations (ASEAN) and Japan, the People’s Republic of China, and the Republic of Korea—collectively known as ASEAN+3—under the Asian Bond Markets Initiative to develop resilient regional financial systems. Mongolia became an official observer of ASEAN+3 Bond Market Forum in 2019. To share the experience and knowledge accumulated under the Asian Bond Markets Initiative (ABMI), the Bond Market Guide for Mongolia was developed along with the ASEAN+3 Bond Market Guide series. This guide aims to contribute to a better understanding of Mongolia’s local currency bond market and facilitate its further development. It provides the market-specific diagnostics and information that can help the market development; besides, will show the direction of the market to whom interested in tapping into Mongolia’s emerging economy. Developed in cooperation with stakeholders in Mongolia’s exchange market, the Bond Market Guide for Mongolia will be updated on a biennial basis in line with future developments of the market. The Bond Market Guide holds contents that market participants need to be aware o, such as Legal and Regulatory Framework and Characteristics of the Mongolian Bond Market, Bond and Note Transactions and Trading Market Infrastructure, Description of the Securities Settlement System, Bond Market Costs and Taxation, Market Size and Statistics, Mongolian Bond Market Challenges and Opportunities, Recent Developments and Future Direction.