BAKU, Azerbaijan, October 14. The Asian Infrastructure Investment Bank (AIIB) and the ASEAN+3 Macroeconomic Research Office (AMRO) have signed a Memorandum of Understanding (MOU) to bolster cooperation aimed at enhancing regional macroeconomic resilience and promoting sustainable development, TurkicWorld reports via the AIIB.
The three-year agreement, signed by AMRO Director Kouqing Li and AIIB President Jin Liqun, took place in Vientiane on the sidelines of the 2024 ASEAN Summit.
The strategic partnership will involve joint research initiatives, knowledge sharing, capacity building, and staff exchanges, all directed at strengthening the economic stability and growth potential of the ASEAN+3 region. This collaboration reflects both organizations’ commitment to addressing the unique economic challenges faced by their member economies.
"Amid rising global uncertainty and increasing geoeconomic fragmentation, forging strategic partnerships is paramount to deepen our understanding of the challenges faced by the ASEAN+3 region," said AMRO Director Kouqing Li. "I am confident AMRO’s collaboration with AIIB will unlock synergies as we work toward securing the macroeconomic and financial resilience and stability of the region."
AIIB President Jin Liqun echoed these sentiments, underscoring the importance of the partnership. "This partnership reflects our shared vision of fostering sustainable, resilient growth in Southeast Asia," he noted. "AIIB is committed to financing Infrastructure for Tomorrow, underpinned by rigorous analysis of local conditions and strong cooperation with local and regional partners. By strengthening joint efforts with AMRO, we are building a solid foundation for a more prosperous and inclusive future for all."
The MOU marks a significant step forward in AIIB and AMRO’s shared mission to cultivate a robust and resilient economic landscape for Southeast Asia, leveraging their combined expertise and resources to address the region’s most pressing macroeconomic challenges.
