Yangon - The Central Bank of Myanmar and the Monetary Authority of Singapore have signed a memorandum of understanding for cooperation in banking supervision and capacity building. The agreement was reached after a bilateral meeting with the Emeritus Senior Minister Goh Chok Tong.
“The training courses must accept local professionals to speed up knowledge transfer,” said U Than Lwin, retired vice-governor of Central Bank of Myanmar.
According to experts, the Central Bank needs to review its scholarship programs systematically since the institute occupies an important role in the country’s economic development.
The Myanmar government requested the Government of Singapore for training and technical assistance during a financial mission trip by the Hluttaw in 2014, according to a participant in the trip.