financial systems will be promoted. With the above effects, lending of funds to businesses and individuals by commercial banks is also promoted, contributing to the economic development in Myanmar. Indicators for measuring effectiveness are set as a means for confirming the effect of the performance of the project. These indicators can be categorized into quantitative indicators (measurable by numerical value) and qualitative indicators (unmeasurable by numerical value). (2) Quantitative indicators (A) Settlement amount on CBM-NET The settlement amount per day processed on CBM-NET is 6,610 (hundred million MMK) at present, and is expected to grow to 12,438 (hundred million MMK) after the implementation of the second project (assumed to be three years from the completion of project in 2023). In particular, as current Phase 1 system will be used continuously, it is deduced to increase according to the current growth rate (10.3% per year) until 2013. Meanwhile, after the go-live of CBM-NET Phase 2, by the solution of current barrier avoiding from using CBM-NET and the utilization of STP, an interbank transfer services which are covered by CBM-NET Phase 2 will be conducted on the CBM-NET. Therefore, the settlement amount on CBM-NET will increase in proportion of Myanmar’s GDP growth prediction (13.95% per year 12 ). In result, the average settlement amount on CBM-NET will be raise up to 12,438 (hundred million MMK) per day in 2023. Table 4 Growth of the settlement amount on CBM-NET Year 2018 2019 2020 2021 2022 2023 Growth rate 10.3% 10.3% 10.9%* 13.95% 13.95% 13.95% (per year) Settlement amount (hundred million 6,973 7,692 8,490 9,579 10,915 12,438 MMK per day) * 10.3% per year growth until the go-live of CBM-NET Phase 2 (Oct. 2020), 13.95% per year growth after the go-live. 12 On the assumption that GDP growth based on 6 year growth average including latest GDP growth which is announced after IMF Article IV Consultation with Myanmar (Jan. 25, 2017) viii