International and Regional Initiatives
10th Asian Monetary Policy Forum (AMPF)
25 - 26 May 2023
The 10th AMPF brought together leading policymakers and academics to focus on the challenges confronting monetary policy against the current macroeconomic and financial landscape. Mr Ravi Menon, then- Managing Director of MAS, delivered the opening remarks at the forum and spoke on the evolving challenges in securing both price and financial stability within a comprehensive and consistent policy framework.Bilateral financial arrangement between Indonesia and Singapore extended into 2024
3 November 2023
MAS and Bank Indonesia (BI) further extended the bilateral financial arrangement by a year to 2 November 2024. This arrangement continues to reinforce the ongoing financial cooperation in preserving monetary and financial stability in both countries amid global macroeconomic uncertainties. The arrangement comprises two agreements: (i) a local currency bilateral swap agreement that allows for the exchange of local currencies between the two central banks of up to S$9.5 billion or IDR100 trillion; and (ii) a bilateral repo agreement of US$3 billion that allows for repurchase transactions between the two central banks to obtain US Dollar using G3 Government bonds as collateral.
Silver Jubilee of the IMF-Singapore Training Institute (STI)
14 November 2023
At the Silver Jubilee of the IMF-Singapore Training Institute, MAS’ then-Managing Director, Mr Ravi Menon spoke on two key priorities for STI in the next 25 years, namely (i) the importance of an integrated approach to macroeconomic policy management, especially in Asia and (ii) how long-brewing structural fragilities in the global system will manifest, reinforcing one another and unleashing powerful macroeconomic effects.