Singapore promotes “green finance” development

Singapore will launch a green investment programme worth 2 billion USD, which aims to provide capital for “green” funds in the country, Education Minister Ong Ye Kung said at the Singapore FinTech Festival on November 11.

Monday, November 11, 2019 21:21

Singapore promotes “green finance” development ảnh 1

MAS will allocate 100 million USD to the Bank for International Settlements' Green Bond to support its global green finance initiatives. (Source: https://www.straitstimes.com/)

Singapore (VNA) – Singapore will launch a green investmentprogramme worth 2 billion USD, which aims to provide capital for “green” funds inthe country, Education Minister Ong Ye Kung said at the Singapore FinTechFestival on November 11.

Under the programme, the Monetary Authority of Singapore (MAS) will introduce aseries of initiatives to turn Singapore into a leading centre of green financein Asia and globally.

Green finance involves making sure financial services such as borrowing andlending, as well as investing, deliver both returns and environmentallypositive outcomes, including dealing with climate change.

The green investment programme will invest in funds that have a strong greenfocus in their investment strategies and with asset managers who are committedto deepening finance activities and capabilities in Singapore.

This programme also supports the MAS' efforts to generate sustainable long-termreturns on its investment portfolio, according to Minister Ong./.

VNA

#green investment programme #“green” funds #Ong Ye Kung #Singapore FinTech Festival #financial service #Vietnamplus #Vietnam News #Vietnam News Agency

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