Singapore Supports International Efforts To Strengthen IMF Resources Amidst The COVID-19 Pandemic
Date
30/12/2020
The Monetary Authority of Singapore (MAS) announced today that Singapore will renew its loan commitments to support multilateral efforts to strengthen the capacity of the International Monetary Fund (IMF). These loan renewals will help boost the IMF’s resources to enable it to effectively play its role in safeguarding global economic and financial stability in response to the COVID-19 pandemic.
2. The loan commitments to the IMF will be made under the following agreements:
(i) New Arrangements to Borrow (NAB)
[1] with a US$1.86 billion
[2] loan for the period 2021- 2025; and