Ng Shi Xuan on motions for grants to support IMF trusts
Singapore’s grants to the International Monetary Fund’s (IMF) Poverty Reduction and Growth Trust and trust to support Sudan’s debt relief are direct transfers of public funds, not investments or loans, MP Ng Shi Xuan noted. He asked if such grants are likely to become regular or automatic, and what principles will limit their size and scope. He also queried if Singapore is doing more than its “fair share” at a time when many countries are turning inwards, what safeguards govern the use of the grants and what flexibility Singapore has if fiscal conditions tighten in future. He spoke in parliament on Wednesday (Feb 4).
Singapore’s grants to the International Monetary Fund’s (IMF) Poverty Reduction and Growth Trust and trust to support Sudan’s debt relief are direct transfers of public funds, not investments or loans, MP Ng Shi Xuan noted. He asked if such grants are likely to become regular or automatic, and what principles will limit their size and scope. He also queried if Singapore is doing more than its “fair share” at a time when many countries are turning inwards, what safeguards govern the use of the grants and what flexibility Singapore has if fiscal conditions tighten in future. He spoke in parliament on Wednesday (Feb 4).
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