Volume 22, Number 1

Developing a Philippine Local Government Bond Market

Abstract

The 1991 Local Government has initiated comprehensive changes in Philippine public administration such as decentralization and greater local autonomy. However, the macroeconomic picture has been characterized by volatile inflation, foreign exchange and interest rate. Against this backdrop, this paper investigates issues that affect the market development for LGU bonds. It also identifies the constraints in the design of LGU bond issue and assesses its marketability.

Citations

  1. de Vera, Ben. 2022. Gov’t to borrow P200B more weeks before Duterte is gone. Inquirer.net.
  2. de Vera, Ben. 2022. BTR To Borrow P 200 Billion Locally In May. Philippine Daily Inquirer.
  3. de Vera, Ben. 2022. Municipal bonds eyed to raise funds for LGU projects this year. Inquirer.
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The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics. 

P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd