AMRO ANNUAL REPORT 2024
Driving Sustainable Growth in ASEAN+3
- Introduction
- ASEAN+3 Economy At A Glance
- What We Do: Securing Economic Resilience and Financial Stability
- Enhancing Stability: Overcoming Macroeconomic Risks through Surveillance and Strategies
- Empowering Financial Security: Supporting and Advancing ASEAN+3 Financing Arrangements
- Elevating Competencies: Technical Assistance and Training for Long-Term Growth
- Encouraging Partnerships: Cooperation to Address Regional and Global Challenges
- Who We Are: ASEAN+3's Trusted Policy Advisor
- Organization Factsheet
- Download Full Report
Message from AMRO Director
The ASEAN+3 region demonstrated exceptional resilience in 2024, navigating a complex global economic environment marked by geopolitical tensions, market volatility, and evolving macroeconomic dynamics. AMRO’s role as the custodian of the region’s macroeconomic and financial resilience and stability has never been more critical. We are steadfast in our commitment to work collaboratively with ASEAN+3 members to deepen regional financial cooperation, tackle shared challenges, and unlock the full potential of the region’s strong underlying macroeconomic fundamentals.
Read moreMessage from 2024 Co-chairs of the Executive Committee
Deepening regional financial cooperation is vital for sustaining long-term development in the ASEAN+3 region. Amid heightened risks, multilateralism remains a key cornerstone for fostering economic growth, stability, and development, enabling the region to thrive and prosper as one.
Read moreEnhancing Stability: Overcoming Macroeconomic Risks through Surveillance and Strategies
Through a comprehensive surveillance framework, AMRO integrates regional, country, and functional surveillance to derive greater synergy. Over the past year, AMRO continued to mainstream into its regular surveillance work, macro-critical issues, including climate change, population aging, and rapid technological change, while keeping a vigilant watch on pressing issues such as geoeconomic fragmentation, shifting supply chain dynamics, and global financial market volatility and spillovers.
Read moreEmpowering Financial Security: Supporting and Advancing ASEAN+3 Financing Arrangements
As global uncertainties and regional risks grow, there is greater urgency for a more robust global and regional financial safety net to support economies during severe economic downturns or unexpected crises. With AMRO's support, ASEAN+3 members finalized the establishment of the Rapid Financing Facility (RFF) as a new facility under the CMIM in 2024.
Read moreElevating Competencies: Technical Assistance and Training for Long-Term Growth
To build up the macroeconomic surveillance capabilities of member economies, AMRO tailors technical assistance to their needs and economic profiles, taking into account each member’s developmental stage and policy priorities. AMRO delivers TA to member authorities through four channels: Consultancy Program, Training and Seminar Program, Secondment Program, and Research Collaboration Program. Through its TA programs, AMRO also shares knowledge with member economies and other IOs.
Read MoreEncouraging Partnerships: Cooperation to Address Regional and Global Challenges
AMRO partners other IOs, academia, think‑tanks, private financial institutions, as well as the public and non-governmental sectors to create and exchange knowledge, and strengthen global and regional dialogue on economic and financial resilience and stability.
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