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Peer Group Dialogue (PG2) - ETFs and Domestic Debt Market Development: Is There a Link?
October 25, 2011Washington, D.C.

Policy makers from Brazil, Costa Rica, Egypt, Kazakhstan, Morocco, Nigeria, Pakistan, Thailand, and Uruguay discussed Exchange Traded Fund (ETF) industry trends and challenges, key benefits of ETFs for debt market development, key success factors and prerequisites for establishing fixed income ETFs in emerging markets, as well as issues related to small markets. Participants also discussed the new issuer-driven ETF model, which outlines the role of the government issuer and the World Bank in fostering the link between ETFs and debt market development.

Peer Group 2: 5th Meeting

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This meeting was part of a peer group dialogue series from the Global Emerging Markets Local Currency Bond Program (Gemloc) Advisory Services, a World Bank Group initiative that supports emerging market economies in developing their local currency bond markets.

Note: Gemloc-affiliated countries and activities have been incorporated into the Government Bond Market Development Program, an initiative that supports the development of local currency bond markets to increase developing countries’ attractiveness for domestic and foreign investment.