Shi, Lin2018-09-042018-09-042016-04https://hdl.handle.net/10986/30336Bond markets, though still underdeveloped in Africa, are beginning to emerge as a realistic financing option for private companies looking to invest or expand their operations on the continent. Multilateral development banks can play a critical role in that process by issuing bonds in local currencies and providing risk guarantees and anchor investments to companies looking to issue their own bonds.CC BY-NC-ND 3.0 IGOEMERGING MARKET ECONOMIESBOND MARKETBOND ISSUANCERISK MANAGEMENTMULTILATERAL DEVELOPMENT BANKSCREDIT GUARANTEESBriefInternational Finance Corporation10.1596/30336