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OUR MISSION
OUR OBJECTIVES
 
Strengthening Regulatory and Regional
Financial Cooperation
Strengthening Financial
Stability
Promoting Information
Exchange and
Technical Assistance
E MAS IN THE INTERNATIONAL ARENA  
 
Box 17 - Singapore on the World Map –  
IMF-World Bank Annual Meetings  
82
     
  Strengthening Financial Stability 85
     
     
 


 
 
  STRENGTHENING FINANCIAL STABILITY
 

Within the region, the Chiang Mai Initiative, a self-help short-term emergency financing facility, was enhanced when the size of bilateral swap agreements among ASEAN+3 countries was enlarged from about US$40 billion to over US$70 billion. As part of this enlargement, we renewed and increased the value of our bilateral swap agreement with Japan in November 2005. MAS also participated actively in international forums organised by the Bank for International Settlements (BIS) and the Financial Stability Forum (FSF) by sharing our views on global and regional financial stability.