SINGAPORE, June 14, 2019 – Members of the Advisory Panel (AP) of the ASEAN+3 Macroeconomic Research Office (AMRO), convened in Singapore today to review and discuss AMRO’s research and surveillance work. This is the first meeting between AMRO Director Mr. Toshinori Doi, whose term started on May 27, 2019, and the AP, which includes three newly appointed members – Dr. Dave Fernandez, Mr. Daikichi Monma, and Dr. Atchana Waiquamdee.
AMRO Director Mr. Toshinori Doi welcomes AP members at the meeting.
During the meeting, AMRO updated the panel on its surveillance framework, as well as its latest assessment on the economic outlook for the ASEAN+3 region, focusing on the escalation of trade-related risks and recent shifts in global financial conditions. AMRO and the AP also discussed policy measures to mitigate the increasing global economic headwinds.
Based on its annual consultation visits to member economies, AMRO shared its assessments of risks and vulnerabilities as well as policy recommendations to members. The AP members provided insightful comments on the reported findings and policy recommendations, and exchanged views with AMRO’s management on ways to further sharpen its reports.
AP members at the meeting.
Dr. Maria Socorro Gochoco-Bautista was nominated as the AP Chair for May 2019 – June 2020. The meeting was attended by Dr. Fernandez, Dr. Gochoco-Bautista, Dr. Eun Bo Jeong, Dr. Feng Lu, Mr. Monma, and Dr. Waiquamdee. The senior management of AMRO, comprising Director Mr. Doi, Deputy Directors Mr. Byungseo Yoo and Mr. Yasuto Watanabe, and Chief Economist Dr. Hoe Ee Khor participated in the meeting.
The ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization established to contribute towards securing macroeconomic and financial stability of the ASEAN+3 region, which includes 10 members of the Association of Southeast Asian Nations (ASEAN) and China; Hong Kong, China; Japan; and Korea. AMRO’s mandate is to conduct macroeconomic surveillance, support the implementation of the regional financial arrangement, the Chiang Mai Initiative Multilateralisation (CMIM), and provide technical assistance to the members.