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The ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization established in 2011 and headquartered in Singapore, whose mandate is to contribute to the macroeconomic and financial stability of the ASEAN+3 region comprising the ten ASEAN member states plus China, Japan, and South Korea. AMRO conducts macroeconomic surveillance of its member economies and supports the implementation of the Chiang Mai Initiative Multilateralisation (CMIM), a $240 billion multilateral currency swap arrangement.