"Financial Deepening to support Monetary Stability and Sustainable Economic Growth"

43rd SEACEN GOVERNORS' CONFERENCE
and 27th MEETING OF THE SEACEN BOARD OF GOVERNORS
"Financial Deepening to support Monetary Stability and Sustainable Economic Growth"

20-23 March 2008
Jakarta - Indonesia

Bank Indonesia will host 43rd conference of governors of South East Asian Central Banks – SEACEN) that will be held on March 21-22, 2008 in Jakarta. According to the schedule, the opening ceremony of this will be officially performed by the President of Republic of Indonesia, Susilo Bambang Yudhoyono since this SEACEN meeting is usually inaugurated by the Head of the Government of the host country. The objective of this conference is to harmonize and synergize policies applied by central banks or monetary authorities of SEACEN country members and this conference will be directly presided by the Governor of Bank Indonesia, Burhanuddin Abdullah.

The topic to be discussed in this conference is “Financial Deepening to Support Monetary Stability and Sustainable Economic Growth”. This topic is selected as the fundamental step to be taken in enhancing economic stability in response to the unavoidable impact currently encountered by financial market integration. This urgency cannot be separated from the effort of deepening financial market as one of Bank Indonesia’s priorities in 2008.

Collaborations among central banks and monetary authorities in South East Asian region is considered as a forum with the objective of becoming a forum of policy dialogue about macroeconomic policies and the latest challenge encountered in this region. This forum was established in 1982 and has generated various initiatives in improving human resources competence in order to assure that work professionalism is achieved. Currently there are 16 SEACEN members: Indonesia, Malaysia, Myanmar, Nepal, Philippines, Singapore, Sri Lanka, Thailand, South Korea, Taiwan, Mongolia, Brunei Darussalam, Fiji, Papua New Guinea, Cambodia and Vietnam. This forum has discussed various issues on policy which are entirely related to monetary policy, financial system stability as well as central bank management.