Events - Events - Reserve Bank of India

Launched on May 1, 2006, the Joint India-IMF Training Programme (ITP) is a cooperative venture of the International Monetary Fund (IMF) and the Reserve Bank of India (RBI).The Joint India-IMF Training Programme was formally inaugurated on January 24, 2007 by Mr. John Lipsky, First Deputy Managing Director of IMF and Dr. Rakesh Mohan, Deputy Governor of RBI The ITP is located in Pune, India

The purpose of the ITP is to provide policy-oriented training in economics and related operational fields to selected Indian officials, as well as to officials of certain other countries in South Asia and East Africa to be designated jointly by the RBI and the IMF.

On behalf of Reserve Bank of India, I am thankful to you for having participated in the Seminar on 'Adoption of ISO 20022 Messaging Standards for RTGS'.
Your presence has added a lot of value to the seminar. I am sure that the deliberations during seminar have been useful to you and was a learning experience for you as much as it was for the rest of us.
I hope you had an opportunity to interact with the speakers and participants from other departments, banks, countries.
Here's hoping for more such interactions in future.

During the past decade, the global gross capital flows increased substantially, indicating growing interconnectedness, particularly between advanced economies and emerging market economies. These flows were driven by a "search for yield" and aided by some reduction in regulatory barriers, and were increasing till 2007, before contracting sharply in the aftermath of the global financial crisis. Moreover, the capital flows tended to be volatile, and posed significant challenges to central bankers. With the onset of the global crisis, and increase in the volatility of capital flows, the pace of both tightening and easing measures related to capital flows has picked up. With the increasing challenges posed by capital flows particularly for the monetary policymakers, there has also been considerable research on the subject.

     The present Conference on Management of Capital Flows, jointly organised by Reserve Bank of India and the Asian Development Bank in Mumbai, India, during November 19-20, 2012 is an attempt to understand the issues in capital flows management and provide policy-relevant inputs for practitioners.