The Monetary Authority of Singapore today announced that Singapore has maintained its current US$4 billion loan commitment to the International Monetary Fund (IMF) until end 2020, as part of the US$340 billion committed by 25 IMF member countries to safeguard global economic and financial stability during the period.
2 Singapore made its initial loan commitment in April 2012 as part of the international effort to ensure the IMF has adequate resources to meet potential needs. The IMF has assessed that the overall level of risks in the global economy has returned to levels observed in 2012, and that the main incidence of risks has shifted towards emerging markets.
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Singapore Maintains Loan Commitment To The IMF
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