WG CMIM

With a size of US$240 billion, the CMIM is a multilateral currency swap arrangement among ASEAN+3 members, established under the agreement signed by the ASEAN+3 Finance Ministers and Central Bank Governors that came into effect on March 24, 2010.

Its core objectives are:

1. To address balance of payment and short-term liquidity difficulties in the region
2. Supplement existing international financial arrangements.

The CMIM facility includes two instruments: for crisis prevention (Precautionary Line) and crisis resolution (Stability Facility) with the option linkage with the IMF facility – an IMF De-linked Portion (IDLP) and an IMF Linked Portion (ILP), with the latter subject to oversight by the IMF.

More at: https://amro-asia.org/about-us/regional-financing-arrangements/