AMRO and Ministry of Finance of China Sign the Agreement on the China Technical Assistance Trust Fund

2018-12-19T00:16:03+00:00June 30, 2016|Press Release|

AMRO and Ministry of Finance of China Sign the Agreement on the China Technical Assistance Trust Fund

From left to right: Dr Junhong Chang, AMRO Director, Mr Shi Yaobin, Vice Minister of the Ministry of Finance, the People’s Republic of China.

Mr Shi Yaobin, Vice Minister of the Ministry of Finance, the People’s Republic of China and Dr Chang Junhong, Director of AMRO, signed the contribution agreement of USD 3 million on establishing the People’s Republic of China Technical Assistance Trust Fund (“the Fund”) at AMRO in Beijing, on 29 June 2016.

The objective of the Fund is to promote ASEAN+3 countries’ capacity-building in macroeconomic surveillance, improve the overall organizational capacity of AMRO, and enhance regional financial cooperation and integration.

ASEAN+3 Finance Ministers and Central Bank Governors welcomed the Deputies’ approval of the AMRO Technical Assistance programme at their meeting in Frankfurt, Germany on 3 May 2016, and the pledges of financial contributions from some member countries. AMRO will develop and expand its research, training and technical assistance programs in order to enhance regional cooperation and the capacity on surveillance activities for member economies.

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