Conducting a Deep Dive of the Global Digital Bond Market - Diagnostic, Risk Assessment... Tender

Procurement Summary

Country : Hong Kong

Summary : Conducting a Deep Dive of the Global Digital Bond Market - Diagnostic, Risk Assessment &Market Scope

Deadline : 09 Oct 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 108065644

Document Ref. No. : 0002011640

Financier : World Bank (WB)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

Conducting a Deep Dive of the Global Digital BondMarket - Diagnostic, Risk Assessment and Market Scoping A. BACKGROUND ANDOBJECTIVESIFC — a member of the World BankGroup — is the largest global development institution focused on the privatesector in emerging markets. We work in more than 100 countries, using ourcapital, expertise, and influence to create markets and opportunities indeveloping countries. In fiscal year 2024, IFC committed a record $56 billionto private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create aworld free of poverty on a livable planet. IFC invests in private sectorprojects that are financially and economically viable and have a substantialdevelopment impact. The Financial Institutions Group (FIG) is the largest ofIFC-s four industry departments. FIG engages with private sector financialentities and relevant players in the financial ecosystem through its investmentand advisory services to offer joint solutions that enable them to play aconstructive role in promoting economic growth and financial inclusion. Underits Capital Markets/Upstream&Advisory umbrella, FIG initiated an initiativefocused on understanding the market dynamics and potential for digital bondinvestments as well as legal considerations regarding digital bond investmentsrelevant for IFC - with a specific lens on Asia. Well-functioning capital markets areessential for providing stable funding during normal times and acting as abuffer during crises. However, the development of bond markets facessignificant challenges, including high costs for issuers, limited investorparticipation, and a lack of transparency. These issues are particularlypronounced in less developed and shallow capital markets, where bond issuancesoften suffer from low trading liquidity and unreliable reporting. Digitally tokenized bonds (DTBs), leveraging blockchain technology, offer a transformative solution to thesechallenge...

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