Most pressing issues facing the African municipal bond markets: the overall size of the debt market compared to the national GDP Interest rates and their eﬀect on the issuance volume; Consolidation trends and the prospect for increased municipal bonds.
Overall view from the decision for ﬁnancing through to the conclusion of successful transactions and conditions for its replicability in other African municipalities
Resources to implement an operational risk framework. Where to focus eﬀorts to ensure business and regulatory requirements are met? Learn the dos and don’ts of a successful and practical approach to operational risk management.
Initiatives and regulations. How deal teams will develop the scrutiny of regulators and central governments. Disclosure on municipal bond issues. The role of each party involved in advancing the regulatory environment and related responsibilities.
Alternative and innovative ﬁnancing options available to local governments. Best practices and the risks associated.
The outlook for the African municipal bonds market for the rest of 2015. Identiﬁcation of potential issuers of municipal bonds, institutional investors and their volume of activity. The ‘appetite’ to invest in municipalities. The issues aﬀecting investors’ relationships with issuers.
Training, availability and capacity of essential service providers such as credit rating agencies, independent public ﬁnance advisors, bond counsel lawyers, investment banks, trust companies.