Grant to IMF's Crisis Capacity Development Initiative

Debated in Parliament on 5 Apr 2021.

Summary written by AI (learn more)

The Minister for Transport, Mr Ong Ye Kung, moved a resolution to authorize a grant of up to 2 million US dollars (about 1.4 million Special Drawing Rights) to the IMF's Crisis Capacity Development Initiative.
The grant would be provided by the Monetary Authority of Singapore on behalf of the Singapore Government under a bilateral agreement with the IMF.
The resolution was made under Section 6A(2)(d) of the Bretton Woods Agreements Act and was approved by Parliament.
The purpose is to support the IMF's initiative to build crisis management capacity in member countries.
The decision reflects Singapore's ongoing commitment to international financial cooperation and stability.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

The Minister for Transport (Mr Ong Ye Kung)

Mr Deputy Speaker, Sir, 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 the Crisis Capacity Development Initiative, is 2,000,000 United States Dollars (approximately 1,400,000 Special Drawing Rights)." Mr Deputy Speaker, I beg to move.

Question put, and agreed to.

Resolved, "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 the Crisis Capacity Development Initiative, is 2,000,000 United States Dollars (approximately 1,400,000 Special Drawing Rights)." – [Mr Ong Ye Kung]

Summary written by AI (learn more)

The Minister for Transport, Mr Ong Ye Kung, moved a resolution to authorize a grant of up to 2 million US dollars (about 1.4 million Special Drawing Rights) to the IMF's Crisis Capacity Development Initiative.
The grant would be provided by the Monetary Authority of Singapore on behalf of the Singapore Government under a bilateral agreement with the IMF.
The resolution was made under Section 6A(2)(d) of the Bretton Woods Agreements Act and was approved by Parliament.
The purpose is to support the IMF's initiative to build crisis management capacity in member countries.
The decision reflects Singapore's ongoing commitment to international financial cooperation and stability.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Grant to IMF's Crisis Capacity Development Initiative

Debated in Parliament on 5 Apr 2021.

Summary written by AI (learn more)

The Minister for Transport, Mr Ong Ye Kung, moved a resolution to authorize a grant of up to 2 million US dollars (about 1.4 million Special Drawing Rights) to the IMF's Crisis Capacity Development Initiative.
The grant would be provided by the Monetary Authority of Singapore on behalf of the Singapore Government under a bilateral agreement with the IMF.
The resolution was made under Section 6A(2)(d) of the Bretton Woods Agreements Act and was approved by Parliament.
The purpose is to support the IMF's initiative to build crisis management capacity in member countries.
The decision reflects Singapore's ongoing commitment to international financial cooperation and stability.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Full Transcript

The Minister for Transport (Mr Ong Ye Kung)

Question put, and agreed to.

Summary written by AI (learn more)

The Minister for Transport, Mr Ong Ye Kung, moved a resolution to authorize a grant of up to 2 million US dollars (about 1.4 million Special Drawing Rights) to the IMF's Crisis Capacity Development Initiative.
The grant would be provided by the Monetary Authority of Singapore on behalf of the Singapore Government under a bilateral agreement with the IMF.
The resolution was made under Section 6A(2)(d) of the Bretton Woods Agreements Act and was approved by Parliament.
The purpose is to support the IMF's initiative to build crisis management capacity in member countries.
The decision reflects Singapore's ongoing commitment to international financial cooperation and stability.

Questions identified by AI (learn more)

No questions identified

This could be because the debate type doesn't typically include questions, or it hasn't been processed yet.

Grant to IMF's Crisis Capacity Development Initiative | PAPERCUTS

Grant to IMF's Crisis Capacity Development Initiative

Summary

Questions Identified

Full Transcript

The Minister for Transport (Mr Ong Ye Kung)

Summary

Questions Identified

Grant to IMF's Crisis Capacity Development Initiative

Summary

Questions Identified

Full Transcript

The Minister for Transport (Mr Ong Ye Kung)

Summary

Questions Identified