When I say “central,” I mean that this mechanism may play a role not only in determining how monetary policy influences the pricing of credit risk, but also in how it shapes the real and nominal yield curves for credit-risk-free Treasury securities. Of course, much work remains to be done before statements like these can be made with any degree of confidence.
14 World Bank, 2020, 2020 International Debt Statistics, available at  https://datatopics.worldbank.org/debt/ids/region/SSA. Page 7 of 11  The strategy entails reducing borrowing costs and risks through increasing liquidity, managing maturity profiles, diversifying funding instruments, increasing transparency and information flows, and building credibility among market players. National Treasury took specific actions to achieve these price and maturity benefits.