abdul rasheed ghaffour : opening address - malaysia's climate finance day opening address by mr abdul rasheed ghaffour, governor of the central bank of malaysia ( bank negara malaysia ), at malaysia's climate finance day at cop28 uae, dubai, 3 december 2023. * * * assalamualaikum, good morning and welcome to the malaysia pavilion. over the past few days, pressure has intensified for advanced economies to deliver on their promises to support developing economies navigate the effects of climate change. one highlight has been the agreement by world leaders on formal adoption of the loss and damage fund. with commitments trickling in, a pragmatic solution towards the delivery of these commitments is critical. another major issue taking centre stage is the debate surrounding phasing out of fossil fuels. this has a direct bearing on many developing economies, including malaysia. with the undeniable high cost of reducing emissions, a balanced approach is crucial to ensure progress both in building climate resilience, and economic and social developments. we take great interest in the outcomes of these conversations. let me now turn to malaysia. we see the climate agenda not only as a pressing challenge but an opportunity for growth. through the national energy transition roadmap, the hydrogen economy and technology roadmap, and the new industrial master plan, malaysia is taking concrete steps that will enable us to advance sustainable practices across the economy. this is consistent with a just and orderly climate transition. effective and coordinated implementation of national and sector - level transition plans by the government is crucial. it addresses a key condition for malaysia to benefit from the opportunities offered by the green transition. this can be achieved by reducing strategic and policy risks for investments in the green transition and effecting partnerships between the public and private sectors. this would mean better higher skilled jobs, more sustainable and higher income, as well as overall shared prosperity. the malaysian financial sector is working closely with the government as part of the whole - of - nation approach to turn these plans into reality. significant efforts have been invested in strengthening our collective capacity, institutional frameworks and coordination arrangements that will drive financial flows towards malaysia's climate transition efforts. you will hear today some of these efforts at this pavilion. we have a packed programme, with an exciting line up of speakers who will share what malaysia is doing to innovatively bridge traditional financing mechanisms with sustainability to fund green initiatives. 1 / 4 bis - central bankers'speeches to kick things off

prasarn trairatvorakul : bank of thailand ’ s policy direction in 2012 speech by dr prasarn trairatvorakul, governor of the bank of thailand, at the bank of thailand, bangkok, 27 january 2012. * * * good afternoon, honorable guests and members of the press, 2012 is a special year because it is the bank of thailand ’ s ( bot ) 70th anniversary, a mark of extensive experience for an institution. faced with numerous challenges to monetary policy and financial institutions policy implementation, the bot has through the past 70 years upheld the institutional value that our policies must be based on sound principles, yet embracing enough flexibility to accommodate the changing environment. our ultimate goal is to promote thailand ’ s long - term economic and financial stability. our policy direction in 2012 will continue to reaffirm our long - held determination to strengthen the country ’ s economic resiliency and the well - being of the thai people. notwithstanding short - term economic obstacles that have weighed on current sentiments, the thai economy ’ s main challenge has remained the same since my address last year. this major challenge is how we all can become more proactive since idleness during a time of rising competition could easily cause us to fall behind. as such, all parties should always be ready to improve oneself and to prepare for uncertainties that may occur in the future. in this same spirit, the bot has modified our strategy to fit the changing environment and is willing to work with all parties to ensure that the thai economy can continually expand in line with its potential. policy implementation in 2011 looking back at 2011, the bot implemented our monetary policy to ensure stability against the backdrop of robust economic expansion in the first three quarters of the year. thus, we continued to normalize the policy rate, as i had stated in last year ’ s policy statement. after the economy was hit hard by the flood crisis amid the stagnating global economy in the final quarter, the bot policy was adapted to the changing circumstances, evidenced by the monetary policy committee ’ s ( mpc ) decision to lower the policy rate in the last meeting of the year. throughout last year, the bot also paid particular attention to policies that facilitate businesses in normal times and in crisis times. these included policies that ensure the exchange rate movements consistent with the underlying economic fundamentals and that its volatility remained manageable by thai businesses. moreover, our policy on financial sector regulation and supervision has ensured that thai financial institutions maintain