BUSAN, KOREA, December 13, 2018 – The Executive Committee (EC) of the ASEAN+3 Macroeconomic Research Office (AMRO) convened a meeting today in Busan, Korea. The EC is the highest decision making body of AMRO, and is composed of Finance and Central Bank Deputies from ASEAN+3 members. AMRO Director Dr. Junhong Chang, joined by Chief Economist Dr. Hoe Ee Khor, Deputy Directors Mr. Byungseo Yoo and Mr. Yasuto Watanabe, attended the meeting and presented on AMRO’s policy and organizational issues. After a fruitful discussion, the EC approved AMRO’s Organizational Plan for 2019 and several important policy and strategy papers to enhance AMRO’s operational effectiveness and efficiency.
In its capacity of supporting the implementation of the Chiang Mai Initiative Multilateralisation (CMIM), AMRO also participated in and provided inputs to the discussion on CMIM-related issues at the ASEAN+3 Finance and Central Bank Deputies’ Meeting (AFCDM+3), which is generally held in conjunction with the AMRO EC’s meeting. AMRO also made presentations on the global and regional macroeconomic outlook, as well as its latest assessments on members’ macroeconomic situations.
AMRO’s Executive Committee discusses AMRO’s organizational and policy issues.
ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization established to contribute to securing economic and financial stability of the ASEAN+3 region, which include 10 members of the Association of Southeast Asian Nations (ASEAN) and China; Hong Kong, China; Japan; and Korea. AMRO fulfils its mandate by conducting regional economic surveillance, supporting the implementation of the regional financial arrangement, the Chiang Mai Initiative Multilateralisation (CMIM), and providing technical assistance to its members.