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Singapore to contribute over 20 million USD to help poor countries fight pandemic

The Monetary Authority of Singapore (MAS) said on March 31 that the country will contribute over 20.5 million USD to international efforts to help vulnerable low-income countries cope with economic impact of the COVID-19 pandemic.
Singapore to contribute over 20 million USD to help poor countries fight pandemic ảnh 1Singapore to contribute over 20 million USD to help poor countries fight the pandemic (Photo: AFP/VNA)
Singapore (VNA) – The Monetary Authority of Singapore (MAS) said onMarch 31 that the country will contribute over 20.5 million USD to internationalefforts to help vulnerable low-income countries cope with economic impact ofthe COVID-19 pandemic.

Specifically, it will provide 19.6 million USD for theInternational Monetary Fund (IMF)’s Catastrophe Containment and Relief Trustand the COVID-19 Crisis Capacity Development Initiative, including 17.6 millionUSD for the former and the remaining for the latter.

An additional 970,000 USD will go to an IMF financingpackage for Somalia’s debt relief.

The provision of the grants will be subject to the Parliament'sapproval on April 5./.
VNA
#COVID-19 #Monetary Authority of Singapore #Singapore #20.5 million USD #low-income countries #Vietnam #Vietnamplus #Vietnam News Agency Singapore
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