AMRO

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The ASEAN+3 Macroeconomic and Research Office, abbreviated as AMRO, is an international institution that supports the ASEAN Plus Three group with surveillance, analysis and research. It is based in Singapore. It plays a prominent role in macroeconomic and financial surveillance in the region, in complementarity with the International Monetary Fund at the global level.[1]

The establishment of AMRO has been part of Asia's collective response to the 1997 Asian financial crisis.[2]:72 The ASEAN+3 Finance Ministers established the Chiang Mai Initiative in May 2000, then upgraded it to Chiang Mai Initiative-Multilateral (CMIM) in March 2010.[3] They then established AMRO in April 2011 to conduct macroeconomic surveillance in support to CMI-M. AMRO was subsequently reorganized as a formal international organization, effective 9 February 2016.[4] AMRO's research has been cited as a reference source by economic policy scholars.[5]:2

Leadership

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