The ASEAN+3 Macroeconomic Research Office (AMRO) was established in Singapore in April 2011 as an independent regional surveillance unit to monitor and analyze regional economies and support CMIM decisionmaking. Lastly, I would like to stress that the global financial crisis and the rapidly changing global economic environment have presented new challenges for central banks on a global scale.
In this light, it is becoming important to promote communication among central banks, as well as with the markets and the public.