8:36 PM, 19/09/2013

ASEAN+3 Macroeconomic Research Office approved

VGP - The PM has approved a draft agreement on the establishment of an ASEAN+3 Macroeconomic Research Office (AMRO).

The establishment of AMRO aims to enhance the regional macroeconomic supervision capacity.

AMRO will be responsible for supervising the macroeconomic and financial status of the ASEAN+3 region (including the economies of 10 ASEAN member countries and China, Japan, and the Republic of Korea) and each specific economy as well as exploring weak points arisen within these economies.

AMRO will bring out quarterly reports for discussion at  the meetings on economic assessment and policy dialogues of the Deputy Governors of the Central Banks and the Deputy Ministers of Finance from ASEAN nations and China, Japan, and the Republic of Korea, which are held every 6 months.

By Uyen Nhu

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