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| AfDB President, Donald Kaberuka |
The AFMI
website is designed to be a knowledge management and information dissemination
tool to raise awareness and understanding of African local currency bond
markets.
There are three types of data and information to be
disseminated through the website dynamic high frequency data from Thomson
Reuters; macroeconomic debt and governance indicators, updated on a monthly,
quarterly and annual basis; and data and information on the bond market
environment of each country, updated annually.
Not only will the website provide data and
information, but will also provide a platform for AFMI stakeholders and
development partners to engage in debates on a range of bond market development
issues.
The website will first be available in English to
users; while development work on the French version is expected to be
operational by the end of the second semester of 2013.
Charles Boamah, AfDB Vice-President for Finance,
said: “This website will complement the many efforts across Africa to help
develop and enhance domestic bond markets on the continent.
It is our
fervent hope and expectation that the AFMI website will contribute to making
vibrant local currency bond markets a reality in Africa, and in so doing help
contribute to the attainment of the continents long term development objectives.”
The African Financial Markets Initiative (AFMI), an
integrated and tailored response to meet the market needs of stakeholders in
Africa was launched by the AfDB Group in 2008.
AFMI is funded by the AfDB, the Fund for African
Private Sector Assistance and the Canadian International Development Agency,
and is designed to further develop domestic debt markets on the continent.
Ends.
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