Grant to IMF's Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries

Mr Deputy Speaker, Sir, looks like we can make it before 7.00 pm. [Laughter.]

On behalf of the 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 Somalia's debt relief efforts via the Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries, is 680,000 Special Drawing Rights (approximately 970,000 United States Dollars)." Mr Deputy Speaker, Sir, 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 Somalia's debt relief efforts via the Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries, is 680,000 Special Drawing Rights (approximately 970,000 United States Dollars)." – [Mr Ong Ye Kung]

Leader.