Project for Least developed, landlocked and island developing countries
Options for exchange rate policy in the least developed countries
About the project
- Duration of the project:
- March 1998 - December 1999
- To assist selected least developed countries in Asia by evaluating
exchange rate policy regimes according to their trade and investment
relationships with their neighboring developing country, and assessing
possible options for changes in these regimes.
- Participating countries:
- Bangladesh, Bhutan, Cambodia, Lao People's Democratic Republic, Maldives,
Myanmar and Nepal, with India and Thailand as reference countries.
- The project targeted officials of central banks, ministries of finance
and chambers of commerce.
- Participants in the regional seminar adopted a set of findings and
conclusions which identified constraints in exchange rate policy formulation
and implementation, and recommended measures to address these problems.
These include recommendations suggesting formulation of internally consistent
macroeconomic policy stance which conform with medium and long term
objectives as well as short-term goals, and need to enhance confidence
in the banking sector.
Meetings and workshops
- Regional seminar on options for exchange rate policy in the
least developed countries,
Bangkok, 10-12 March 1999.
- A study visit programme for senior central bank officials of
interested least developed countries to Bank of Thailand was implemented in December 1999.
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