In order to fulfill its mission and vision, AMRO focuses on three core functions, namely conducting macroeconomic surveillance, supporting the implementation of CMIM, and providing technical assistance to members:
On the Surveillance work, AMRO’s operational priorities are: to further strengthen its country surveillance; to enhance its regional surveillance; to develop a comprehensive surveillance framework and analytical toolkits; and to enhance the work on functional and/or sectoral surveillance, and on thematic studies and research.
In order to support its members in CMIM implementation, AMRO’s effort has centered on providing support to members to ensure that the CMIM is operationally ready. Now, the CMIM is equipped with its Operational Guidelines (OG) specifying relevant activation procedures. Test runs have been regularly conducted by members under various scenarios since 2013. The peacetime checklist was drawn up and regularly reviewed in order to monitor member authorities’ preparation for CMIM activation according to the CMIM Agreement and OG. Additionally, AMRO has supported its member authorities in laying the groundwork for the ongoing development of CMIM arrangements, providing advice and recommendations to members for their review on the portion of the IMF de-linked portion and drawing up a plan for the CMIM period review of key terms and conditions of the CMIM.
AMRO’s Technical Assistance (TA) is designed with consideration to the development stage, country-specific environment and policy priorities of ASEAN+3 member economies in order to better meet their needs under a TA Framework. This work aims to create a platform to strengthen members’ macroeconomic surveillance capacities, and facilitate knowledge sharing among members and other international organizations through the programs, namely: Secondment, Consultancy, and Research and Training.
In addition, AMRO has also strengthened its partnerships with peer international organizations, academic institutions and private financial institutions through hosting, co-organizing and attending regional and global events on macroeconomic and financial issues.
To ensure its effectiveness and quality work, AMRO places paramount importance on securing the highest standards of efficiency and technical competence. AMRO’s recruitment is conducted in an open and transparent manner on the basis of merit, paying due regard to diversity.