VALUED PARTNER

ON THE INTERNATIONAL FRONT

REGIONAL FORUMS
ASEAN+3

ASEAN+3 members and the ASEAN+3 Macroeconomic Research Office (AMRO) made significant progress in developing the operational readiness of the Chiang Mai Initiative Multilateralisation (CMIM) Agreement, a regional financial safety net.

The AMRO, as the independent macroeconomic surveillance unit of the CMIM Agreement, also developed the first full set of indicators of the "Economic Review and Policy Dialogue (ERPD) Matrix", which consists of various economic and financial indicators of all ASEAN+3 members. The ERPD Matrix is intended to be used in the assessment of ASEAN+3 members' qualification for the CMIM's crisis prevention facility.

AMRO is hosted by Singapore in the MAS Building, and MAS and the Ministry of Finance jointly provide host country support for AMRO.