Dr. Prasarn Trairatvorakul, Governor of the Bank of Thailand (BOT), and Mr. Than Nyein, Governor of the Central Bank of Myanmar (CBM), today signed the Memorandum of Understanding (MoU) on technical cooperation between the two institutions to enhance the central banking capacity of CBM staff. This cooperation effort will not only support Myanmar’s socioeconomic and financial structural reform, but also contribute towards the ASEAN economic integration.
Under this agreement, the BOT will provide, through its internal resources or through the collaboration with other organizations, either domestic or international, technical assistance for capacity building to CBM. The TA may take the form of policy dialogues, experience sharing, consultancy advice, study visits, training programs, and scholarship. Specifically, the areas of interest include Central Banking, Banking Supervision, Payment and Settlement System Development, Banknote Management, and Human Resource Development. Following the signing of the MOU, both the CBM and BOT will work out the details of the work program and schedules of activities as appropriate.