News Brief: IMF, People's Bank of China Sign MoU to Establish Joint Training Program

February 21, 2000

In Beijing today, Mr. Shigemitsu Sugisaki, Deputy Managing Director of the International Monetary Fund (IMF), and Mr. Xiao Gang, Deputy Governor of the People's Bank of China (PBC), signed a Memorandum of Understanding to establish a Joint China-IMF Training Program (CTP).

The program, which will be conducted in China, will commence in May 2000. It is targeted at Chinese officials involved in the formulation and implementation of macroeconomic and financial policies, as well as the compilation and analysis of statistics. The CTP is a medium-term program, initially covering a three-year period, open to renewal. The courses that will be offered will focus on macroeconomic management, financial programming, bank supervision, financial sector issues, public finance, external sector issues, and statistics. The CTP will also include high-level seminars on topical issues.

The new training program will provide a more systematic and focused response to the need for economic training in China, and thereby enhance the process of economic decision making and policy implementation.


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