A two-year programme on Singapore ’s technical assistance provision to officials from the central banks of Cambodia , Laos , Myanmar and Vietnam (CLMV) will start this week.

According to the Monetary Authority of Singapore (MAS), the programme, with Temasek Foundation’s grant of about 305,000 SGD and MAS’s contribution of technical expertise, aims to strengthen the capabilities of leaders and mid-level officials from the CLMV central banks in central banking, financial regulation and supervision.

Under the programme, some 190 participants from the CLMV central banks are expected to benefit from a series of training activities with the first 24 coming to Singapore this week.

Benedict Cheong, Chief Executive Officer of Temasek Foundation, expressed his hope that the new initiative will promote exchange of ideas between officials from the central banks in Cambodia , Laos , Myanmar , Vietnam and Singapore .

It will provide a start in strengthening cooperation among Singapore and Asian neighbours to build their banking, financial regulation and supervision capabilities, he added.

MAS Managing Director Ravi Menon said that with the programme, Singapore would help CLMV in fostering economic development in their countries and deepening economic integration with ASEAN.-VNA