Message from AMRO Director

2022 has been a year of significant transition. The world shifted from lockdowns and social distancing to an endemic “new normal”, where high interest rates and inflation became the norm. It was also a year of significant transition for AMRO. As we moved from our first decade to the second, and toward a future-oriented mission and vision, we welcomed a new senior management team and expanded our office space.

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Message from 2022 Co-chairs of the Executive Committee

AMRO’s mission is to monitor the ASEAN+3 economic outlook, as well as the economic and financial “health” of its member economies. This work takes on an added urgency as headwinds assail our region.

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In The Next Decade: Strategic Direction 2030

AMRO is at a critical juncture to make further advancements over the next 10 years, to better support its members’ needs and ensure its continuing relevance. Following the guidance of the ASEAN+3 Finance Ministers and Central Bank Governors and the instructions of the EC in May 2022, AMRO formulated its new long-term institutional strategy toward 2030— SD2030—to set the course of its future endeavors.

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Ensuring Economic Stability Through Vigilant Surveillance

The overarching objective of AMRO's macroeconomic surveillance is to identify risks to economic growth and stability—with a focus on the balance of payments and the financial sector—and to prescribe policies to address those risks. In 2022, AMRO enhanced its review framework with the objective of ensuring that its policy analysis, recommendations, and program designs are thoroughly discussed and based on AMRO’s best knowledge and capacity.

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Supporting CMIM Operations and Regional Financial Arrangements

AMRO remains committed to supporting member authorities with respect to CMIM operations, enhancing its effectiveness and usability during peace and crisis times.

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Catering to Members’ Needs: Progress Under the Technical Assistance (TA) Program

AMRO’s TA is tailored to the needs and economic profiles of members, taking into account, among other things, a member’s developmental stage and policy priorities. In order to make TA operations more strategic, systematic and streamlined, the TA framework was established.

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