International and Regional Initiatives
Singapore Renews Loan Commitment under the International Monetary Fund’s (IMF) New Arrangements to Borrow (NAB)
30 June 2025
Singapore renewed its existing loan commitment to the IMF’s NAB for the period up to 31 December 2030 and subject to a maximum of Special Drawing Rights (SDR) 1,297.1 million (USD 1,762.8 million). This supports multilateral efforts to strengthen the IMF’s capacity to safeguard global economic and financial stability. Singapore has participated in the NAB since its inception in 1998.
Brunei Darussalam Central Bank (BDCB) and MAS Deepen Bilateral Cooperation
14 August 2025
BDCB and MAS concluded a Memorandum of Understanding to establish a reciprocal cross-border collateral arrangement. Signed by BDCB Managing Director, Yang Mulia Hajah Rashidah binti Haji Sabtu, and MAS Managing Director, Mr Chia Der Jiun at the BDCB-MAS bilateral roundtable, the arrangement allows both authorities to accept a wider range of collateral in their liquidity provisioning facilities, providing financial institutions across the jurisdictions greater flexibility in their liquidity management and helping maintain financial stability.
Renewal of Bilateral Local Currency Swap Arrangement between Japan and Singapore
28 November 2025
MAS and the Bank of Japan (BOJ) renewed the Bilateral Local Currency Swap Arrangement for another three years. Under the arrangement, MAS and BOJ may exchange local currencies with each other of up to S$15 billion or JPY1.1 trillion. MAS would thus be able to provide Japanese Yen liquidity to eligible Singapore financial institutions to support their cross-border operations.
Singapore to Join International Efforts to Support International Monetary Fund (IMF)’s Initiatives for Vulnerable Countries
28 January 2026
Singapore will join international efforts to enhance the capacity of the IMF to help vulnerable member countries deal with economic shocks. Following Parliament’s approval on 4 February 2026, Singapore will provide grants totalling Special Drawing Rights (SDR) 25.48 million (equivalent to about USD 34.7 million) to the IMF’s Poverty Reduction and Growth Trust and IMF’s Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries. In addition, Singapore will also channel SDR 746 million (equivalent to about USD 1,014.6 million), received from the IMF’s 2021 general SDR allocation, in the form of loans and other financial assistance to the IMF’s Resilience and Sustainability Trust.
13th Asian Monetary Policy Forum (AMPF)
21 and 22 May 2026
MAS, together with the Asian Bureau of Finance and Economics Research (ABFER), and the National University of Singapore (NUS) Business School convened leading academics and global policymakers in Singapore to examine key economic and financial issues shaping Asia and the world.