46th SEACEN Board of Governors Meeting opened in Colombo.
The 46th SEACEN Board of Governors Meeting sponsored by the Central Bank of Sri Lanka was inaugurated this morning by President Mahinda Rajapaksa. The two day Conference is attended by Heads of East Asian Central Banks would discuss challenges facing monetary authorities in emerging markets after the global financial crisis. The theme of this Year’s session is Post Global Financial Crisis : Issues and challenges for Central Banks of Emerging Markets.
This event is being organized as part of the 60th Anniversary celebrations of the Central Bank of Sri Lank. The Governor of the Central Bank of Sri Lanka, Mr. Ajith Nivard Cabraal will chair the SEACEN Board of Governors for the 2011/12 operating year.
The SEACEN includes 17 members with the People’s Bank of China the newest member. The other SEACEN members are the Autoriti Monetari Brunei Darussalam, National Bank of Cambodia, Reserve Bank of Fiji, Bank Indonesia, Bank of Korea, Bank Negara Malaysia, Bank of Mongolia, Central Bank of Myanmar, Nepal Rastra Bank, Bank of Papua New Guinea, BangkoSentralngPilipinas, Monetary Authority of Singapore, Central Bank, Chinese Taipei, Bank of Thailand and State Bank of Vietnam. Bank of Laos Peoples Democratic Republic will be observer bank participating in the sessions.
Senior officials and prominent speakers participating at the conference include Naoyuki Shinohara, IMF Deputy Managing Director, Jaime Caruana, General Manager, Bank for International Settlement, Charles Goodhart of the London School of Economics and Political Science and Y.V. Reddy, former Governor of the Reserve Bank of India.
Governors of South Asian Association for Regional Cooperation countries will participate at the conference in Observer capacity.