Media Releases
Published Date: 20 April 2012

Singapore participates in international effort to strengthen the IMF’s resources

Singapore, 20 April 2012……The Monetary Authority of Singapore (MAS) today announced that Singapore will make a bilateral loan of US$4 billion to the International Monetary Fund (IMF), as part of the broader international effort to provide the Fund with sufficient resources to tackle crisis and promote global economic and financial stability. 

2   This contribution will be by way of contingent loans to the IMF, and not directly to countries borrowing from the IMF. Hence, as with our permanent capital subscriptions to the IMF (or quota subscriptions), this bilateral loan will remain part of Singapore’s Official Foreign Reserves.