Speeches
Published Date: 05 April 2021

"Singapore's Grants to the International Monetary Fund's Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries" - Third Motion Speech by Mr Ong Ye Kung, Minister for Transport, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of the Monetary Authority of Singapore on 5 April 2021

Mr Deputy Speaker, on behalf of Senior Minister and Minister in Charge of the Monetary Authority of Singapore, I beg to move, “That this Parliament, in accordance with section 6A(2)(d) of the Bretton Woods Agreements Act (Chapter 27 of the 2012 Revised Edition), resolves that  the maximum amount of grants that the Monetary Authority of Singapore may give under the bilateral agreement (or its subsequent variations) to be made by the Monetary Authority of Singapore (on behalf of the Government of the Republic of Singapore) with the International Monetary Fund to support Somalia’s debt relief efforts via the Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries, is SDR 0.68 million (approximately USD 0.97 million).”

2     Mr Deputy Speaker, I beg to move.

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