ASEAN+3 Economic Cooperation and Financial Stability Forum

SINGAPORE, December 2, 2022 – The ASEAN+3 Macroeconomic Research Office (AMRO) today launched its inaugural ASEAN+3 Economic Cooperation and Financial Stability Forum as a hybrid event held in Singapore.

The forum is being established as an annual flagship event to share views on global and regional economic and financial developments and discuss the challenges, opportunities and actions that lie ahead. The theme of this year’s event is “Forging Resilience and Sustainability amid Uncertainty”.

“In the past year, the world has been dealing with the ongoing COVID-19 pandemic and other emerging risks and challenges. Consequently, ASEAN+3 region’s recovery remains fraught with uncertainty. To overcome the increasingly formidable global headwinds, policymakers and multilateral organizations such as AMRO must remain confident, ensure preparedness, and promote cooperation,” said AMRO Director, Mr. Kouqing Li.

Twenty-four policymakers, experts and representatives from regional economies, renowned institutions and international organizations are gathered to discuss how ASEAN+3 can rise above the looming risks. Through the concerted efforts of different shareholders and strong multilateralism, the common goal is to promote economic resilience and ensure financial stability in ASEAN+3.

In the morning session, keynote speakers, Mr. Liu Kun, Finance Minister, China Ministry of Finance, and Mr. Haruhiko Kuroda, Governor, Bank of Japan, and panelists will share their insights on the challenges and opportunities from the perspective of forging macroeconomic and financial stability.

In the afternoon session, keynote speakers, Ms. Sri Mulyani Indrawati, Finance Minister, Indonesia Ministry of Finance, and Mr. Arkhom Termpittayapaisith, Finance Minister, Thailand Ministry of Finance, and panelists will discuss actions to enhance regional cooperation to overcome the evolving challenges, sustain the region’s dynamism, and prepare for future shocks.

AMRO Director Mr. Li opened the forum with guests of honor, Ms. Kristalina Georgieva, Managing Director, International Monetary Fund (IMF), and Mr. Masatsugu Asakawa, President, Asian Development Bank (ADB). Other distinguished speakers include:

  • Mr. Hoe Ee Khor, Chief Economist, AMRO
  • Mr. Yee Ping Yi, Deputy Secretary, Singapore Ministry of Finance
  • Mr. Jwahong Min, Deputy Governor, Bank of Korea
  • Mr. Dody Budi Waluyo, Deputy Governor, Bank Indonesia
  • Ms. Iluminada T. Sicat, Senior Assistant Governor, Bangko Sentral ng Pilipinas
  • Mr. Sanjaya Panth, Deputy Director, Asia and Pacific Department, International Monetary Fund
  • Ms. Cyn-Young Park, Director, Economic Research and Regional Cooperation Department, ADB
  • Mr. Tao Zhang, Chief Representative for Asia and the Pacific, Bank for International Settlements
  • Mr. Bert Hofman, Director, East Asian Institute, National University of Singapore
  • Mr. Leong Sing Chiong, Deputy Managing Director, Monetary Authority of Singapore
  • Mr. Wang Dongwei, Vice Minister, China Ministry of Finance
  • Mr. Hideaki Imamura, Deputy Vice Minister of Finance for International Affairs, Japan Ministry of Finance
  • Mr. Byungsik Jung, Deputy Director General, International Finance Bureau, Korea Ministry of Economy and Finance
  • Mr. Tetsushi Sonobe, Dean, Asian Development Bank Institute
  • Mr. Masahiro Kawai, Representative Director, Economic Research Institute for Northeast Asia
  • Mr. Randall Henning, Professor, School of International Service, American University

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About AMRO

The ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization established to contribute towards securing macroeconomic and financial stability of the ASEAN+3 region, comprising 10 members of the Association of Southeast Asian Nations (ASEAN) and China; Hong Kong, China; Japan; and Korea. AMRO’s mandate is to conduct macroeconomic surveillance, support the implementation of the regional financial arrangement, the Chiang Mai Initiative Multilateralisation (CMIM), and provide technical assistance to the members.