AMRO ANNUAL REPORT 2025
Resilience Through Regional Integration
- Introduction
- ASEAN+3 Economy At A Glance
- What We Do: Securing Economic Resilience and Financial Stability
- Who We Are: ASEAN+3's Trusted Policy Advisor
- Organization Factsheet
- Download Full Report
Message from AMRO Director/CEO
In 2025, the ASEAN+3 region demonstrated notable resilience in a challenging global environment. Despite headwinds from geopolitical tensions, trade protectionism, and financial market volatility, the region navigated these pressures relatively well, supported by sound fundamentals, timely policy responses, and continued progress in regional integration. Growth exceeded earlier expectations, driven by resilient technology exports, less severe tariff outcomes, robust investment momentum, and timely policy support.
Read moreMessage from 2025 Co-chairs of AMRO's Executive Committee
It has been a pivotal 2025 for ASEAN+3 and AMRO. Despite heightened uncertainty due to the intensification of trade protectionism and the risk of economic fragmentation, our region has continued to grow at a robust pace of around 4 percent, supported by resilient domestic demand, diversified export markets, and ample reserves. Against this backdrop, as the Co-chairs of the ASEAN+3 Finance Process in 2025, Malaysia and China have worked closely with members to safeguard regional economic and financial stability. Together, we have achieved meaningful outcomes.
Read moreProactive Surveillance: Enhancing Long-Term Regional Stability
As economic and financial challenges across ASEAN+3 grow more complex, AMRO’s surveillance work has evolved beyond responding to crises toward something more fundamental: building long-term economic resilience. AMRO’s bilateral and multilateral surveillance activities in 2025 emphasized preemptive risk identification and structural strengthening across member economies.
Read moreRegional Resilience: Reinforcing ASEAN+3’s Financial Safety Net
In 2025, ASEAN+3 members advanced key reforms to enhance the CMIM’s financing tools, policy coherence, and operational readiness. A central milestone was the institutionalization of the Rapid Financing Facility, designed to provide swift emergency liquidity during sudden external shocks such as natural disasters or pandemics, allowing the use of eligible FUCs for disbursement. This will enhance the CMIM’s flexibility and ASEAN+3’s capacity to manage crises.
Read moreCapacity Building: Strengthening Policy Expertise Across ASEAN+3
Amid an evolving regional landscape, demand has increased for Technical Assistance and training that can deliver practical and lasting impact. In 2025, AMRO strengthened its capacity-building work through commencing the implementation of the TA Strategy 2030, sharpening its focus on relevance, integration, and sustained engagement. Rather than treating TA as a standalone activity, AMRO continued to embed it more deeply into its core functions.
Read MoreDeepening Partnerships: Advancing Regional Integration
The need for stronger collective understanding and coordinated policy responses has become paramount. In this era of heightened fragmentation and uncertainty, AMRO’s partnerships in 2025 progressively yielded significant initiatives that support sustained engagement, research collaboration, and policy dialogue.
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