Exchange of Notes on Grant Aid to Myanmar " the Project for the Development of Financial Market Infrastructures "

1. On June 14, 2018, H.E. Mr. Ichiro MARUYAMA, Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of the Union of Myanmar, and H.E. U Set Aung, Deputy Minister for Ministry of Planning and Finance, exchanged notes concerning the grant aid for the Project for the Development of Financial Market Infrastructures, worth 5,549 million Japanese Yen (approximately 50.5 million USD) in Nay Pyi Taw.

2. This project aims to enhance the functions of CBM-NET, which was introduced in January 2016; thereby adapting with the changes of the environment surrounding financial infrastructure. The secure and effective payment and settlement system is a basis of economic growth. The enhanced CBM-NET is expected to contribute to strengthening Myanmar economy further.