According to bank documents, the TA will support the central banks of the ASEAN to realize monetary and financial integration under the ASEAN Economic Community. The TA is in line with the Asian Development Bank (ADB) Midterm Review of Strategy 20201 which indicates that ADB will strengthen financial and monetary cooperation for greater financial, fiscal, and macroeconomic stability in the region. The TA also supports one of the four pillars of the Regional Cooperation and Integration Strategy which calls for supporting regional monetary and financial cooperation and integration. Capacity building in support of ASEAN monetary and financial integration has two aspects: (i) institution building (e.g., with respect to regulations and market infrastructure),which needs to take place within each country, and be supported through national finance sector programs; and (ii) development of human resources, which can be supported regionally through knowledge- sharing with peer central banks.
Project Officer: Yamadera, Satoru
Economic Research and Regional Cooperation Department
No contact information provided at the time of disclosure.
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