Strengthening AMRO’s capacity Lastly, for the institutionalized CMIM to be more effective, I hope AMRO is able to play a bigger role in providing first-class policy recommendations and independent and alternative views on Asia with a regional perspective distinct from other global international organizations.
If AMRO did not have independent and sufficient surveillance and program design capacities, it might be a more efficient option to rely on global organizations such as the IMF, without having a separate regional safety net. So, I believe well-functioning, professional, highly respected and capable AMRO is a pre-requisite to the success of the CMIM.