Monetary Authority of Singapore Annual Report 2011/2012
Our Work

Promoting Growth through Partnership

Singapore continued to work in close partnership with multilateral organisations such as the World Bank Group (WBG). Singapore’s partnership with the WBG was further strengthened by the establishment of its Singapore Hub here in September 2011 which co-located the offices of the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Bank for Reconstruction and Development/International Development Association outside of Washington DC for the first time.

The establishment of the hub complemented other initiatives such as the World Bank-Singapore Urban Hub, the Infrastructure Finance Centre of Excellence, and the annual World Bank-Singapore Infrastructure Finance Summit in driving more infrastructure investment in the region. It marked a key milestone in the strategic partnership between WBG and Singapore.

Apart from building on such multilateral partnership frameworks, the public and private sector continue to work together to spur more infrastructure investment in the region. A Project Finance Company has been set up to plug gaps in financing for larger, long tenure cross-border projects that have significant Singapore-based corporate participation.