I would also like to express my appreciation to our distinguished panelists for today – Governors and other honorable guests and to thank all esteemed guests, delegates and speakers for contributing to another successful event. Finally, jubilees like this don’t come together over night. Allow me to express my recognition and appreciation to the whole team that each year coordinates the Conference. It is your strong commitment and dedication that we owe our achievements to. I wish you many more years of 2/3  BIS central bankers' speeches  continued success! Thank you! 3/3  BIS central bankers' speeches
Ladies and gentlemen, As the Thai economy gradually recovers and inflationary pressure remains subdued, monetary policy will ensure that monetary conditions are adequately supportive to growth. At the same time, we must not forget to chart a course towards the country’s long-term economic development. As the Thai economy is in need to upgrade growth potentials and increase competitiveness, the Bank of Thailand will contribute to this process of economic transformation by taking a proactive role in the financial sector development policy. Ongoing in this sphere, there are at least three development plans under implementation, namely, the Financial Sector Master Plan, the Payment Systems Roadmap, and the Capital Account Liberalization Master Plan. Although the three plans have different objectives, they complement each other and together form a strong foundation for the country’s financial sector development. I will highlight a few key elements we hope to get out of these plans. The first one is the Financial Sector Master Plan (FSMP) Phase III. Approved by the Cabinet in March this year to set out strategic directions for the next five years (2016 – 2020), FSMP III is aimed to promote a competitive Thai financial sector, to support more diverse needs at fair and undistorted prices, as well as promote regional trades and investments, with proper supervision to ensure macroeconomic and financial stability. In short, this plan’s motto is to promote a “competitive, inclusive, connected, and sustainable” financial system.