SINGAPORE, April 5, 2018 – The Executive Committee (EC), the highest decision making body of AMRO comprising 27 Finance and Central Bank Deputies from ASEAN+3 members, convened a meeting on April 3, 2018, in Singapore. AMRO Director Dr Junhong Chang, Chief Economist Dr Hoe Ee Khor, and Deputy Directors Mr Byungseo Yoo and Mr Yasuto Watanabe, attended the meeting and presented AMRO’s policy and organizational issues. In particular, the EC approved AMRO’s Annual Report 2017 and the publication of AMRO’s flagship report – the ASEAN+3 Regional Economic Outlook 2018, for publishing in the coming months. The EC also provided guidance and endorsement on some strategic policies to enhance the relevance and effectiveness of AMRO’s operations.
As the regional macroeconomic surveillance organization, AMRO also made presentations on the ASEAN+3 economies at the informal session on macroeconomic surveillance for the ASEAN+3 Deputies to discuss prospects and challenges faced by members. In accordance with its mandate to support the implementation of Chiang Mai Initiative Multilateralisation (CMIM), AMRO also participated 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 meeting.
AMRO will also attend the ASEAN Finance Ministers’ Meeting (AFMM) and ASEAN Finance Ministers’ and Central Bank Governors’ Joint Meeting (AFMGM) on April 6, 2018 and will deliver a presentation on AMRO’s perspectives on the regional economic outlook during the AFMGM.
The ASEAN+3 Macroeconomic Research Office (AMRO) was established to contribute to securing the economic and financial stability of the ASEAN+3 region, which includes 10 members of the Association of Southeast Asian Nations and China, Hong Kong, China, Japan, and Korea. As an international organization, AMRO fulfils its mandate by conducting macroeconomic surveillance, supporting the implementation of the regional financial arrangements, the Chiang Mai Initiative Multilateralisation (CMIM), and providing technical assistance to the members.