Lee Hong Chuang on motions for grants to support IMF trusts
Contributing to the International Monetary Fund (IMF) to help vulnerable member countries deal with economic shocks is not “an overseas financial commitment” for Singapore; it is about the kind of global partner Singapore wants to be in an increasingly uncertain and volatile world, said MP Lee Hong Chuang. It is also consistent with Singapore’s long commitment to a rules-based multilateral system. Mr Lee added that helping low-income countries stabilise their economies reduces spillover risk that could otherwise reach Singapore’s shores. He spoke in parliament on Wednesday (Feb 4).
Contributing to the International Monetary Fund (IMF) to help vulnerable member countries deal with economic shocks is not “an overseas financial commitment” for Singapore; it is about the kind of global partner Singapore wants to be in an increasingly uncertain and volatile world, said MP Lee Hong Chuang. It is also consistent with Singapore’s long commitment to a rules-based multilateral system. Mr Lee added that helping low-income countries stabilise their economies reduces spillover risk that could otherwise reach Singapore’s shores. He spoke in parliament on Wednesday (Feb 4).
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