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3.5.1.6.2 Estimated Cost The estimation result of project supervision cost is shown in the following table. Total cost amounts to approximately JPY 630 million, among which detailed design and procurement supervision comprises JPY 360 million and soft component JPY 270 million. Table 3-42 Cost for project supervision Item Amount in JPY million TOTAL (project supervision) 631 (1) Detailed design and Procurement supervision 381 (i) Remuneration (including indirect cost) 277 (ii) Direct cost 104 (2) Soft Component 250 (i) Remuneration (including indirect cost) (ii) Direct cost 197 53 Source: Preparatory Survey Team 115

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

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