The outlook for the Asia-Pacific region is bright. Many countries continue to grow, helped by healthy business activity and robust government policies. But new challenges are manifold. Commodity prices have remained low, limiting resources in commodity-exporting economies when public and social spending needs are high. Technological and financial innovation are pushing at the frontiers of modern life, but also put new demands on supervision, regulation, and policy making. 

Read More >


Director's Message


Video: Fifth STI Directors of Training Meeting on February 28 - March 1, 2019
IMF Managing Director, Kristalina Georgieva, met Singapore PM, Lee Hsien Loong, at the ASEAN Summit and thanked him for Singapore's generous support of STI.

Click here to see the tweet
The attendees at IMF High-Level Forum on Central bank Communications in ASEAN-5 countries engaged in a lively exchange on what, how and to whom to communicate. The forum underscored the need for central banks to develop effective communication strategies and adapt them to a rapidly evolving communications landscape. 4-5 Dec Singapore.
How do central banks communicate effectively?
Watch a video from the STI and Singapore Resident Representative Office.

Click here to watch the video
STI Festive Greetings Video

Happenings at STI

20 years of Capacity Development in Singapore

The IMF-STI Executive Committee met on 14 Dec 2018 to review STI’s past activities and discuss plans and priorities for 2019. We are grateful to our sponsors and collaborators for their support in the past 20 years and look forward to more years of raising the capacity of the countries in the region.

Read More >

Mr. Kentaro Ogata (Ministry of Finance, Japan) and Mr. Ng Yao Loong (Monetary Authority of Singapore) receiving the 20th Anniversary Brochure from Mr Stephan Danninger (STI)

20 years of CD in Singapore

I would like to take this opportunity to appreciate the IMF team in their excellent performance. The role playing was very impressive and very close to the reality. 

Read More >

Participants’ Comments - Safeguards Assessments of Central Banks (ST18.23)

The High-Level Peer-to-Peer Forum on Monetary Policy in the ASEAN countries held in Singapore on July 9-10, 2018, was an extraordinarily well-organized and effective event. Representatives from ASEAN central banks gave detailed and transparent policy presentations on their different approaches to inflation targeting. The exchange of views (with the IMF and other international experts)—whether related to upcoming global challenges or local policy implementation—represented genuine progress toward improved monetary policy in the region.
Please see Professor John Taylor’s Keynote Speech → Link

"I was privileged to have joined the course on Macroeconomic Diagnostics in Siem Reap during the last 2 weeks. It is actually an eye-opening training course, equipped with useful tools for detailed analysis of each main sector in the economy. As a policy maker, this tool is very important in keeping me informed of the condition of an economy and where necessary, introduce the most suitable policy/remedy to bring the economy back on track.”

Narin Kruy, Deputy Director,
Ministry of Economy and Finance

“Thank you for the two week MDS Course. It is very useful in many ways: it is more practical since there are workshops following each lecture. The lectures cover all sectors in the economy and emphasize the linkages between them. That is how we can conduct proper macroeconomic diagnosis. Lecturers are very experienced. I am confident that I will be able to apply the techniques and concepts I learnt from this course, to the context of Cambodia economy.”

Mon Sreyleak, Section Chief,
National Bank of Cambodia

Professor John B. Taylor

Participants at the Macroeconomic
Diagnostics Course in Siem Reap said:




The application deadline is December 1, 2018