ASEAN+3 Macroeconomic Research Office Opens its Headquarters in Singapore

ASEAN+3 Macroeconomic Research Office (AMRO) today held its opening ceremony in Singapore. AMRO is the independent macroeconomic surveillance unit of the Chiang Mai Initiative Multilateralisation (CMIM) Agreement, a US$120 billion currency swap arrangement among the Finance Ministries and Central Banks of the ASEAN Member States, China, Japan and Korea (ASEAN+3 countries).

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Appointment of the First AMRO Director

The ASEAN+3 Macroeconomic Research Office (AMRO), which the ASEAN+3 Finance Ministers agreed to establish at the 12th ASEAN+3 Finance Ministers’ Meeting in May 2009, is an independent regional surveillance unit to monitor and analyze regional economies and support Chiang Mai Initiative Multilateralisation (CMIM) decision-making.

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