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Singapore financial sector grew 6% in first half of 2021: MAS chief Ravi Menon

The Straits Times Singapore financial sector grew an estimated 6% in first half of 2021: MAS chief Ravi Menon Singapore’s economic growth for 2021 can exceed the upper end of the 4 to 6 per cent forecast range, says MAS Ravi Menon.PHOTO: ST FILE PublishedJun 30, 2021, 11:24 am SGT https://str.sg/3oWH They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months.

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Remarks By Mr Ravi Menon, Managing Director, Monetary Authority of Singapore At The MAS Annual Report 2020/2021 Virtual Media Conference On 30 June 2021

Remarks By Mr Ravi Menon, Managing Director, Monetary Authority of Singapore At The MAS Annual Report 2020/2021 Virtual Media Conference On 30 June 2021
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Being The Change We Want To See: A Sustainable Future - Speech By Mr Ravi Menon, Managing Director, Monetary Authority Of Singapore, At Launch Of Inaugural MAS Sustainability Report Via Video Conference On 9 June 2021

Good morning, and welcome to the launch of MAS’ inaugural <a class="mas-link" target=" blank" href="https://www.mas.gov.sg/publications/sustainability-report/2021/sustainability-report">Sustainability Report </a>.

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Singapore joins IMF efforts to help low-income countries impacted by pandemic

Singapore joins IMF efforts to help low-income countries impacted by pandemic Staff Reporter © Provided by Singapore Business Review The Monetary Authority of Singapore (MAS) has announced that Singapore is set to join the International Monetary Fund (IMF) s programmes to assist vulnerable low-income countries in dealing with the COVID-19 pandemic s effect on their economies. The total US$20.57m grant is subject to parliamentary approval on April 5, and will then be distributed the following IMF programmes: Catastrophe Containment and Relief Trust; COVID-19 Crisis Capacity Development Initiative; and Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries.

Crisis capacity development initiativeInternational monetary fundPoverty reductionInternational montetary fundMonetary authority of singaporeSingapore businessMonetary authorityCatastrophe containmentRelief trustCapacity development initiativeSpecial poverty reductionGrowth operationsHeavily indebted poorOfficial foreign reservesநெருக்கடி திறன் வளர்ச்சி முயற்சிசர்வதேச பண நிதி

Monetary Authority of Singapore to Help International Monetary Fund in Providing Assistance to Low-Income Nations

Monetary Authority of Singapore to Help International Monetary Fund in Providing Assistance to Low-Income Nations The Monetary Authority of Singapore (MAS) revealed on March 31, 2021, that Singapore plans to take part in global efforts to improve the overall capacity of the International Monetary Fund (IMF) to provide assistance to “vulnerable” low-income nations in “dealing with the economic fallout from the COVID-19 pandemic.” As mentioned in a release, this will allow the IMF to extend support to the “surge in requests for financial assistance, from these countries.” As noted in the announcement, “subject to Parliament’s approval on April 5, 2021,” Singapore will be offering grants valued at a total of $20.57 million USD to the following:

Crisis capacity development initiativeInternational monetary fundPoverty reductionMonetary authority of singaporeMonetary authorityRelief trustCapacity development initiativeSpecial poverty reductionGrowth operationsHeavily indebted poor countriesOfficial foreign reservesநெருக்கடி திறன் வளர்ச்சி முயற்சிசர்வதேச பண நிதிபாவர்டீ குறைப்புபண அதிகாரம் ஆஃப் சிங்கப்பூர்பண அதிகாரம்