Singapore International Political Economy

The Singapore government has announced it will increase its International Monetary Fund (IMF) credit contribution by $1.5 billion according to AFP.

The Singapore investment into the IMF New Arrangements to Borrow (NAB) significantly increase its initial amount of $500 million and is part of a greater agreement by the Group of 20 emerging and developed nations to add to the fund in order to meet future financial needs of the International Monetary Fund (IMF) member countries.