ASEAN+3 and Asian Development Bank (ADB) together issued a paper, "Good Practices in Developing Bond Market," which discusses key building blocks of bond markets, particularly government bond markets, and successful efforts of selected countries in developing them.

This paper presents a comprehensive review of what ASEAN+3 policy makers have achieved under the Asian Bond Markets Initiative (ABMI) and what they are planning to do next over the medium-term. It also provides recommendations for policy makers’ consideration in addressing new sources of market volatility and other challenges within and outside the framework of ABMI.