mid-development (3-5 years) end-target(5-8 years) GDP t opening (2-3 years) 1 create access and knowledge 2 develop local onshoremoney markets 3 develop stable andinclusive money markets cross border guarantees: Knowledge transfer Identify barriers Build exemplary transactions domestic guarantees Bilateral Tradeclear multiparty plug-in guarantees Multiparty market participation Market infrastructure Advanced training market practice Advanced training Legal and regulatory reform Market infrastructure Feasibility studies market readiness Basic training Legal and regulatory review