Overview          History          Governance          Members          Management          Advisory          AMRO & CMIM

Overview

AMRO is the regional macroeconomic surveillance unit of the Chiang Mai Initiative Multilateralisation (CMIM) of the ASEAN+3 members. AMRO was established as a company limited by guarantee in Singapore in May 2011, following the agreement by ASEAN+3 Finance Ministers to set up an independent regional surveillance unit to promote objective economic monitoring in 2009.

In October 2014, ASEAN+3 member authorities successfully completed the signing of the treaty (AMRO Agreement) to transform AMRO to an international organization. In December 2015, ASEAN+3 member authorities successfully completed the minimum requirement of ratification by members necessary for the effectiveness of the AMRO Agreement.

The AMRO Agreement became effective on 9 February 2016.

Based on instructions from ASEAN+3 Finance Ministers and Central Bank Governors, AMRO has also been working to strengthen collaboration with relevant international financial institutions, such as the ADB, ESM, IMF, OECD, and World Bank.

History

ASEAN+3 Finance Ministers agreed to establish an independent regional
surveillance unit to promote objective economic monitoring.

Chiang Mai Initiative Multilateralisation (CMIM) Agreement came into effect.

ASEAN+3 Macroeconomic Research Office (AMRO) was established in Singapore
(First Director: Wei Ben Hua)

The enhanced CMIM Agreement came into effect. Key points of the enhancement include
(i) doubling the CMIM’s fund size to US$240 billion, (ii) introduction of the CMIM Precautionary Line,
(iii) increase of the IMF delinked portion from 20% to 30%

ASEAN+3 member authorities successfully completed the signing of the treaty
(AMRO Agreement) to transform AMRO into an international organisation.

AMRO Agreement came into effect, thereby establishing AMRO as an international organisation.

Governance

Members

Brunei   Cambodia   China   Hong Kong, China   Indonesia   Japan   Korea   Laos   Malaysia   Myanmar   Philippines   Singapore   Thailand     Vietnam

Senior Management

Director

Deputy Director
(Administration)

Chief Economist

Deputy Director
(CMIM, Strategy & Coordination)

Group Heads

CMIM Support

Surveillance
(Regional)

Surveillance
(China, Hong Kong, China, Myanmar, Lao PDR)

Surveillance
(Indonesia, Japan and Malaysia)

Surveillance
(Korea, the Philippines, Singapore, Thailand)

Surveillance
(Brunei Darussalam, Cambodia and Vietnam; Fiscal Policy)

Budget, HR and Support

Advisory Panel

(AMRO Advisory Chair from 2016)

(Members from 2015 to 2017)

(Members from 2015 to 2017)

(Members from 2014 to 2018)

(Members from 2015 to 2017)

(Members from 2015 to 2017)

Relationship between AMRO & CMIM