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38th SEACEN Governors Conference and 22nd Meeting of the SEACEN Board of Governors

02.12.2003

The 38th South East Asian Central Banks (SEACEN) Governors Conference and the 22nd meeting of the SEACEN Board of Governors will be held at the Bangko Sentral ng Pilipinas (BSP), Roxas Blvd., Manila on 13-14 February 2003. The gathering, which is hosted by the BSP, will be attended by central bank governors/managing directors from the SEACEN member central banks/monetary authorities. Aside from the BSP, the SEACEN member central banks/monetary authorities include Bank Indonesia, The Bank of Korea, Bank Negara Malaysia, The Bank of Mongolia, Central Bank of Myanmar, Nepal Rastra Bank, Monetary Authority of Singapore, Central Bank of Sri Lanka, The Central Bank of China, Taipei, and the Bank of Thailand. In addition, observer central banks come from Cambodia, Brunei, Fiji, Papua New Guinea, and Tonga. The SEACEN Governors Conference is hosted by member countries on a rotation basis, with the BSP last hosting the Conference in 1995.

The SEACEN Governors Conference started in 1966 as an informal gathering of the governors of central banks in the South East Asia (SEA) Voting Group of the IMF to discuss economic and financial issues of common interest to the group. Through the years, the meetings of the governors/managing directors have evolved into a more substantive forum for discussion of central banking issues. The main objective of the Conference is to provide a venue for the governors of the member countries to discuss and exchange views on the latest economic and financial developments in their countries, focusing on the challenges faced, the measures taken to overcome them and the prospects for the coming year.

The theme for this year’s 38th Governors’ Conference is “Structural Change and Growth Prospects in Asia—Challenges to Central Banking”. Topics for discussion in the Conference include the implications of the Basel II accord on central banking, financial innovation and monetary policy, public-private cooperation in financial restructuring, progress and issues on building the new international financial infrastructure, and recent regional economic developments and the outlook for the Asian region. Invited speakers are Mr. Andrew Crockett, General Manager, Bank for International Settlements; Mr. Eugenio Domingo Solans, Executive Board Member, European Central Bank; Mr. Michael Callaghan and Ms. Sri Mulyani Indrawati, Executive Directors, International Monetary Fund; and Mr. Hubert Neiss, Chairman, Deutsche Bank AG—Asia Pacific Head Office, representing the private sector. Altogether the 38th SEACEN Governors Conference will be attended by 54 delegates from sixteen central banks and monetary authorities in the region, the SEACEN Centre, international financial institutions and other organizations.     

The 22nd annual meeting of the Board of Governors of the SEACEN Centre will review the Centre’s research and training activities and approve its work program and budget for the coming year. 

The SEACEN Centre aims to promote a better understanding of the financial, monetary, banking and economic development matters which are of interest to the central banks and monetary authorities in South East Asia and of interest to the region as a whole, and to stimulate and facilitate cooperation among central banks and monetary authorities in the areas of research and training.   The SEACEN Centre started to operate on an informal basis in 1972 by conducting training courses, relying on the resources of member central banks and monetary authorities, and was established as a legal entity in 1982.

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