Banjul, The Gambia (PANA) - The West African Institutes for Financial Economic Markets (WAIFEM) Monday began a five-day training on sovereign borrowing from Global Capital Market for regional banks here, an official source said.
The training aims to provide participants with in-depth understanding of sovereign borrowing from the Capital Global Markets and broaden their understanding of the markets.
The training brought together officials from the Central Bank of The Gambia, Bank of Ghana, Bank of Nigeria, Bank of Sierra Leone, Liberian Bank, and representatives of the ministries of finance of The Gambia and Ghana.
Participants are expected to be taken through the operations of Capital Markets, international markets access, including bonds and debt market, and the roles and responsibilities of the participants.
The participants are also expected to go through the advantages and disadvantages of alternative funding sources from the issuer’s perspective and steps of guidance on international issuance, pricing of a bond, credit risk and analysis.
WAIFEM senior official Lamin Jarjue said: “The objective is to provide participants with in-depth understanding of sovereign borrowing from the capital or global markets, and have a broad and deep understanding of global capital markets.”
Karamo Jawara, director of banking Central Bank of The Gambia, said: “Global financial conditions in recent years have provided developing countries with opportunities to tap international capital markets by increasing access to non-concessional (commercial) financing.”
He said access to international bond markets brought opportunities to investors and Sub-Sharan African countries.
-0- PANA MSS/RA 15Jul2019