Thank you for visiting our website, and for your interest in ASEAN+3 Macroeconomic Research Office (AMRO).
Finance Ministries and Central Banks of ASEAN+3 Countries (Brunei Darussalam, Cambodia, China, Indonesia, Japan, Korea, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam) and the Monetary Authority of Hong Kong, China, have agreed to establish a multilateral liquidity support arrangement under the ASEAN+3 financial cooperation framework. This arrangement came into effect on 4 March 2010 in the name of the Chiang Mai Initiative Multilateralisation (CMIM) Agreement.
Under this framework, Finance Ministries and Central Banks of ASEAN+3 Countries and the Monetary Authority of Hong Kong, China also established AMRO as the surveillance unit of CMIM in Singapore, April 2011. In February 2016, AMRO was converted to an international organization with full legal personality, as the Agreement Establishing ASEAN+3 Macroeconomic Research Office (“AMRO Agreement”) entered into force. The purpose of AMRO is to contribute to securing the economic and financial stability of the ASEAN+3 region through conducting regional economic surveillance and supporting the implementation of CMIM, the regional financial arrangement. The establishment of AMRO serves as an important step forward to promote regional financial cooperation through a permanent institution which will underpin regional financial stability together with a strengthened CMIM.
As AMRO Director, I am committed to developing AMRO to be an independent, professional and reliable regional surveillance organization, with its own competitiveness and unique value proposition, in support of CMIM, and the provision of regional public goods to ensure economic and financial stability in the ASEAN+3 region. I also hope that it will serve as a major platform for regional macroeconomic policy dialogues and coordination, and a reliable supporter for regional capacity building on macroeconomic surveillance and policies. I am confident that with the support of our members, AMRO will succeed in achieving its vision, and contribute towards the stability and prosperity of the region.
Thank you for your kind attention and continuous support to AMRO.