# AMRO and IMF Renew Agreement to Support Regional Stability and Capacity Building

- Link: https://www.thailand-business-news.com/asean/334208-amro-and-imf-renew-agreement-to-support-regional-stability-and-capacity-building
- Published: 2026-10-15T02:00:00+07:00
- Author: News Desk

**AMRO and the IMF extended their MOU until 2029, enhancing regional financial stability,
cooperation, and capacity building. The agreement emphasizes strong coordination
in challenging global economic conditions.**

### AMRO and IMF Extend Partnership

On October 14, 2026, in Singapore, the ASEAN+3 Macroeconomic Research Office (AMRO)
and the International Monetary Fund (IMF) officially renewed their Memorandum of
Understanding (MOU) for an additional three years, extending it through 2029. This
significant event took place during the IMF/World Bank Annual Meetings held in Bangkok,
with the agreement being signed by AMRO Director/CEO Yasuto Watanabe and IMF Managing
Director Kristalina Georgieva. Recognizing the increasingly challenging global economic
environment, both leaders emphasized the urgency for a close collaboration between
regional financing arrangements and the IMF. According to Watanabe, this partnership
is crucial for enhancing surveillance and deepening dialogue aimed at maintaining
regional economic and financial stability, thereby ensuring the smooth operation
of financial safety nets during economic strains.

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### Strengthening Regional Financial Frameworks

The renewal of the MOU highlights the necessity of robust regional financing arrangements
and coordination within the Global Financial Safety Net. It aligns with the ASEAN
+3 Finance Ministers’ and Central Bank Governors’ objectives, urging AMRO to enhance
collaboration with partners, notably the IMF. Under this extended agreement, AMRO
and the IMF will continue regular exchanges of views and information, spearhead 
various training programs, and promote staff secondments. Furthermore, the partnership
aims to bolster capacity-building efforts for ASEAN+3 member economies while advancing
joint research initiatives and seminars. These steps are intended to reinforce the
region’s resilience and stability in the face of economic complexities.

### Understanding AMRO’s Role

AMRO is an international organization created to bolster macroeconomic resilience
and financial stability within the ASEAN+3 region. This region includes the member
nations of the Association of Southeast Asian Nations (ASEAN), along with China,
Hong Kong, China, Japan, and Korea. AMRO’s primary mandate is to conduct macroeconomic
surveillance, support regional financial arrangements, and extend technical assistance
to its members. Additionally, AMRO functions as a regional knowledge hub, providing
essential support to financial cooperation efforts within ASEAN+3. Through these
activities, AMRO aims to serve as a critical pillar for maintaining economic stability
and growth across the participating countries, thereby contributing to the region’s
overall financial sustainability.

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Source: [AMRO and IMF Renew Agreement to Support Regional Stability and Capacity Building – ASEAN+3 Macroeconomic Research Office ](https://www.amro-asia.org/amro-and-imf-renew-agreement-to-support-regional-stability-and-capacity-building)