The ASEAN+3 Macroeconomic Research Office (AMRO) and China’s Ministry of Finance have reaffirmed their commitment to regional financial cooperation with a renewed USD 4 million contribution to the China Technical Assistance Trust Fund (China TA Trust Fund), administered by AMRO.
The updated agreement was signed by China Vice Finance Minister Liao Min and AMRO Director Li Kouqing during the ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting in Milan, Italy.
The signing was witnessed by China Finance Minister Lan Fo’an and AMRO’s senior leadership.
Established in 2016, the China TA Trust Fund has supported macroeconomic surveillance and capacity-building across ASEAN+3 economies through secondments, expert consultancy, research collaboration, and regional training initiatives.
The renewed contribution aims to enhance the fund’s role in promoting financial integration and economic resilience amid a challenging global environment.
“This agreement underscores our shared commitment to strengthening financial stability and regional cooperation,” said AMRO Director Li Kouqing. “Continued support from China enables us to deliver impactful technical assistance that reflects each member’s policy needs and development priorities.”
The technical assistance program is one of AMRO’s core functions, complementing its roles in macroeconomic surveillance and supporting the Chiang Mai Initiative Multilateralisation (CMIM).
Through tailored engagement and knowledge-sharing, AMRO works to bolster institutional capacity, policy effectiveness, and collaboration across ASEAN+3 economies.
The renewed partnership signals deepening cooperation as the region navigates increasing global volatility and seeks to foster a more resilient and integrated financial ecosystem.
Business News Asia