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CENTRAL BANK GOVERNORS DISCUSS FUTURE DEVELOPMENTS AND CHALLENGES



The meeting was chaired by AMBD Managing Director, Dato Paduka Haji Mohd Rosli bin Haji Sabtu

Jerudnong - The Central Bank Governors representing their respective Asean Member State governments recently exchanged views on the global and regional economic developments and challenges that Asean central banks currently face in the aftermath of the global financial crisis, and also discussed progress made under the Asean Financial Integration Framework during yesterday's 9t" Asean Central Bank Governors' Meeting (ACBGM) that was held at the Indera Kayangan Ballroom of The Empire Hotel and Country Club, Jerudong.

 The governors discussed progress made under the Asean Financial Integration Framework including capital market development, capital account liberalisation, payment and settlement systems, financial sector liberalisation and an Asean banking integration framework.

Various initiatives under the Asean+3 Finance Cooperation such as Chiang Mai multilateralisation, Asian bond market initiative, research group and future priorities were also discussed during the meeting.

The meeting was chaired by the Managing Director of Autoriti Monetari Brunei Darussalam (AMBD), Dato Paduka Haji Mohd Rosli bin Haji Sabtu.

Deputy Managing Director of the International Monetary Fund (IMF), Nayouki Shinohara was also present during the session.

Courtesy of Borneo Bulletin

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