This paper examines the evolvement, categories, legal basis, operating characteristics, and key concerns of credit guarantee schemes (CGSs) in China. It aims at providing background note on China's CGS as well as useful references for the sustainable development of China's CGS

The paper reviewed the evolution and current situation of the fixed-income securities market in China including both government securities markets and non-government bond markets. Then, the paper analyzes the development issues of fixed-income securities in China and offers recommendations for...

This paper examines the rise in international sovereign bonds issued by African frontier economies and recommends policies for potential first-time issuers. Maintaining prudent fiscal frameworks consistent with debt sustainability is crucial for deriving lasting benefits from additional...

An increasing number of central banks have started to explore central bank digital currencies (CBDCs). Although CBDCs are developing rapidly and well defined, they are not always well understood. This paper helps clarify how CBDCs fit into the wide range of digital monies/digital payments,...

Weak government cash management is a common issue in many developing countries. The lack of an adequate government cash management can generate negative impact both on the government and on the overall economy. It has become critical for developing countries with cash management problems to...

This paper analyzes some major developmental issues in the specific areas of the Armenian banking sector (particularly raised by the Armenian authorities) and insurance sector and provides recommendations for addressing those issues. The paper argues that over the past seven years, the Armenian...

This paper first analyzes the major impediments for SMEs in China to access finance. It then examines the evolution, categories, legal basis, operating characteristics, and key concerns of credit guarantee schemes (CGSs) in China. Finally, it provides some thoughts on how to make China's CGS...

This paper presents the main issues and key recommendations relevant to the government securities market, money market and government cash management in Serbia. In terms of the government securities market, the paper analyzes the current T-bill program, euro-denominated frozen savings (FFS)...