Workshop on Monetary Policy and Open Market Operations held in Yangon
Workshop on Monetary Policy and Open Market Operations, which is c0-0rganized by the Asia-Pacific Finance and Development Center (AFDC) and Central Bank of Myanmar (CBM), was held on December 17, 2013 in Yangon, Myanmar.
About 30 participants from Financial Supervisory Department, Financial Market Department, Foreign Exchange Management Department and various other departments within CBM as well as from Myanmar Economic Bank, Myanmar Foreign Trade Bank, and Myanmar Investment & Commercial Bank attended the training.
Dr. Li Kouqing, Director General of the AFDC pointed out in his opening speech that China and Myanmar, the two friendly neighbors, share a lot in common not only in terms of culture and customs but also in development issues, thus the two countries need to learn from each other’s development experience and lessons and step up cooperation in capacity building.
Mr. U Maung Maung, Director General of CBM, thanked AFDC for its great support in organizing a number of quality capacity building programs customized to central bank and finance officials in the past three consecutive years and then briefed on the latest developments in the financial market in Myanmar.
Two experts from Research Institute for Fiscal Science (RIFS) of the Ministry of Finance of China, Dr. Han Linghui and Ms. Yu Zhenli, spoke on Open Market Operation Practice by the People’s Bank of China Since 1998 and, Basel III and Banking Regulation in China respectively.
On the sidelines of the training, AFDC also discussed with CBM about their bilateral cooperation arrangements in 2014.
