---
title: "Chiang Mai Initiative — Definition & Meaning"
description: "The Chiang Mai Initiative is a currency-swap arrangement among ASEAN+3 states, aimed at providing liquidity support during financial crises."
url: "https://modeldiplomat.com/learn/glossary/chiang-mai-initiative"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The Chiang Mai Initiative is a regional currency-swap arrangement among ASEAN+3 states designed to provide short-term liquidity support and avert balance-of-payments crises.
- Which countries are members of the Chiang Mai Initiative?
- What was the Chiang Mai Initiative Multilateralisation (CMIM)?
- What is the IMF link in the CMI and why does it matter?
- What role does AMRO play?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

The Chiang Mai Initiative is a regional currency-swap arrangement among ASEAN+3 states designed to provide short-term liquidity support and avert balance-of-payments crises.

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At the ASEAN+3 Finance Ministers' Meeting in May 2014 in Astana, members agreed to double the CMIM reserve pool to US$240 billion and raise the IMF de-linked portion to 30 per cent.

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