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companies will lead to the fostering of capital markets.  Stabilization of the financial system: The functions such as STP or LSF with queueing will be implemented by Phase 2. These functions will promote funds settlement between FIs., The financial system in Myanmar will be more stabilized by the improvement of transactions on stable platform provided by CBM, instead of current settlement situation which is limited to cash or transactions among few FIs. xi

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Preparatory Survey for the Project for Development of ICT System for Central Banking (Phase 2): Final Report

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Internet Connectivity / Accessibility

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Central Bank of Myanmar
Japan International Cooperation Agency (JICA)

Date Published: Mar 1, 2018

Abstract: Central Bank of Myanmar (hereinafter, CBM) introduced Central Bank of Myanmar Financial Network System in January 2016 under the Japanese official development aid “THE PROJECT FOR DEVELOPMENT OF ICT SYSTEM FOR CENTRAL BANKING” (E/N: October 2013, JPY 5.1 billion). CBM-NET makes a series of manual-based operations such as the management of current account and its outstanding, issuance/interest payment/redemption of government bond and its balance into system-based ones. In addition, as a result of financial system reform, for example dematerialization of government bond and the introduction of government bond book-entry system etc., the financial infrastructure in Myanmar has been developed step by step.

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Myanmar Internet Project

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Preparatory Survey for the Project for Development of ICT System for Central Banking (Phase 2): Final Report

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