project management consultants. Four topics of technical supports are as follows:  Support for drafting of business manuals  Support for user training  Support for communications with the FIs  Support for setting up of operation and maintenance structure 3.2.4.8.2 Technical Cooperation The Technical Cooperation Project for "Modernizing Funds Payment and Securities Settlement Systems" has been implementing in parallel with the development of the CBM-NET system from February 2014 to August 2020. The Technical Cooperation Project is a form of technical transfer activity conducted by JICA with the main activities of the institutional development and the human resource development of CBM. The overall goal of the project is to modernize financial market in Myanmar. To this end, the project purpose is to support modernization of funds payment and securities settlement by establish the necessary environment for securing proper operation and maintenance of the new ICT system for central banking through capacity development and formulation of organization. Outputs of the project are as follows:  To develop necessary rules and manuals corresponding to the introduction and operation of the ICT system for funds payment and securities settlement.  To enhance capacity of the commercial banks to operate funds payment and securities settlement properly in accordance with the new ICT system.  To enhance capacity to plan, operate, maintain and manage the new ICT system for central banking properly.  To acquire necessary user knowledge and skills to utilize the ICT/PC properly  To strengthen capacity to fulfill assigned tasks related to monetary policy properly by promoting above items. The project is expected to support CBN-NET Phase 2 in the following areas; 1) Further development of policy, rules and regulations, business operations and guidelines of funds settlement for CBM-NET Phase 2. 95