the opening of this maybank branch, marks another milestone in the relationship between myanmar and malaysia. the granting of a banking license to maybank provides malaysia with yet another avenue to participate and contribute towards the economic development of myanmar. being a responsible corporate citizen it is in the interest of financial institutions to be a responsible corporate citizen and contribute to the flourishing and wellbeing of society. financial institutions must adapt to their domestic environment and be mindful of the needs of the community in which they operate in. access to financial services for all segments of society is important for inclusive and sustainable growth for an economy. the low and moderate income households must be served as they represent the future. there are at least two dimensions to being a responsible corporate citizen. the first dimension is to design and grow business responsibly, by providing ethical and sustainable financial products and services to all segments of society. part of this essential component is promoting greater levels of financial literacy and understanding of financial products among the local community. banks need to strive to deliver the highest standards of service to all. the second dimension is the act itself of giving back to the community. on this note, i am encouraged to hear that maybank ’ s yangon office is already driving initiatives for the local community, through its project h. e. a. r. t ( helping every asian rise together ). therefore, judging by maybank ’ s by - line, with its stated aim of “ humanising financial services ”, i am confident maybank will show a stellar example in making a difference in myanmar. i also expect that as a good corporate citizen, maybank will contribute to the development of the domestic financial sector, as over the long term and given the opportunity, they can meet the overall financial services needs of the low and moderate income households. i should also expect a meaningful participation and contribution of maybank in myanmar ’ s interbank and foreign exchange markets as well as the payment system. conclusion as we speak, myanmar is undergoing a profound shift. it stands at the cusp of something great. during this historic time, it gives us a great honour that malaysia is actively involved and contributing to myanmar ’ s transformation. for we consider myanmar not only a partner, but a close friend. bis central bankers ’ speeches with this, i wish myanmar all the success in her future endeavours. congratulations to maybank again for the start of a new chapter in what i trust will be an enduring and productive presence in this great country.

nor shamsiah mohd yunus : dfis of the future - maximising development impact welcome remarks by ms nor shamsiah mohd yunus, governor of the central bank of malaysia ( bank negara malaysia ), at the world bank and bank negara malaysia forum on performance measurement for dfis " dfis of the future : maximising development impact ", kuala lumpur, 9 august 2018. * * * i would like to thank the world bank for collaborating with bank negara malaysia to organise this important event as we think deeply about the future of development finance, especially on how we can elevate the role of development financial institutions in malaysia to achieve greater development impact. this is timely as the country is charting its future direction. history tells us that economic development is a collective responsibility. the success story of malaysia ’ s development journey over the past six decades is a testament to this. our goal has always been to achieve sustainable and inclusive growth, consistent with the 2030 agenda for sustainable development advocated by the united nations. thus, the development priorities of the nation and the materialisation of the 17 united nation ’ s sustainable development goals ( sdgs ) will be key for us over the next few years. to this end, development financial institutions or dfis in short, play a very crucial role. the first dfis in malaysia were established in the 1960s and 1970s as specialised financial institutions with specific mandates to develop strategic sectors, spanning agriculture, infrastructure, small and medium enterprises, export - oriented and high - technology industries. since then, dfis have contributed to the economic transformation of malaysia and helped to reduce inequality. for example, through them, the unserved and underserved segments of society have increased access to financial services. rural communities have benefitted from microfinance initiatives and agent banking services. last but not least, dfis have contributed to macro - economic stability through the provision of counter - cyclical financing during periods of financial instability. the strategic role of dfis make them well placed to contribute to the development priorities of the nation, and assist in the materialisation of the sdgs. specifically, dfis can play an important role in contributing to the advancement of the following sdgs : no poverty, zero hunger, good health and well - being, quality education, clean water and sanitation, affordable and clean energy, industry, innovation and infrastructure, reduced inequality, sustainable cities and communities and climate action, amongst others