ASEAN+3 Macroeconomic Research Office
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ASEAN+3 Macroeconomic Research Office Employees
ASEAN+3 Macroeconomic Research Office Details
The ASEAN+3 Macroeconomic Research Office (AMRO) is a regional macroeconomic surveillance organization that aims to contribute to securing the macroeconomic and financial stability in the ASEAN+3 region. AMRO's vision is to be an independent, credible and professional regional organization acting as a trusted policy advisor to members in the ASEAN+3 region, which includes 10 member states of the Association of Southeast Asian Nations (ASEAN), and China (including Hong Kong), Japan, and Korea.To fulfill its mandate, AMRO focuses on three core functions: conducting macroeconomic surveillance, supporting the implementation of the Chiang Mai Initiative Multilateralisation (CMIM), and providing technical assistance to members. With the size of USD240 billion, the CMIM is a multilateral currency swap arrangement among ASEAN+3 members. Its core objectives are to address balance of payment and short-term liquidity difficulties in the region, and to supplement existing international financial arrangements.AMRO was initially established as a company limited by guarantee in Singapore in April 2011, and transformed into an international organization in February 2016.
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