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International Monetary Fund. Monetary and Capital Markets Department
This Technical Assistance Report presents discussions focused on the financial market’s developments and monetary operations-related issues. the data collected by the Central Bank of Myanmar (CBM) show that there already exist a significant number of uncollateralized interbank (I/B) transactions in Myanmar, but that the data on these transactions are not effectively used. Analysis shows that banks are conducting both types of uncollateralized transactions rather actively, while the total number and amount of the I/B deposit market are higher than those of the I/B borrowing market. It is recommended that efforts to correct data discrepancy should be continued and that this issue should be solved as soon as possible. It is necessary to find the data discrepancy in a timely manner, correct the data, and ask the reasons for misreporting by communicating with banks. In order to ensure the smooth preparation for the next fiscal year, a recommendation has been made to start preparing the liquidity forecasting for the next fiscal year as soon as possible.
International Monetary Fund. Monetary and Capital Markets Department

. High Near term Analyze developments of market rates. High Near term Publish “Financial Market Report.” High Medium to Long term Repo and government securities markets Discover obstacles that may be hindering further development of the repo market. High Near term Establish the triparty (MoPF/SECM, major market participants, and the CBM) working group to discuss issues to enhance government securities market activities. High Near term Reserve requirement Check the operational feasibility to

Ms. Jingqing Chai

, efforts were made to improve the capitalization of some indigenous (local) banks through mergers and privatizations. As a result, the number of fully or majority state-owned ECCU banks was reduced from six to three by 2004, and their union-wide market share declined from 28 percent in the mid-1980s to 17 percent at end-2004. However, these state-owned banks remain dominant within their respective countries, each commanding from one-third to one-half of the market share. Box 6.3 . Recent Developments in the Eastern Caribbean Regional Government Securities Market