Grants to IMF's Catastrophe Containment and Relief Trust

The Minister for Education (Higher Education and Skills) and Second Minister for Defence (Mr Ong Ye Kung):

Mdm Speaker, on behalf of the Deputy Prime 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 Catastrophe Containment and Relief Trust, is 226,000 Special Drawing Rights (approximately 311,781 United States Dollars)."

Madam, I beg to move.

Mdm Speaker: Is there anyone who wish to speak? No.

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 Catastrophe Containment and Relief Trust, is 226,000 Special Drawing Rights (approximately 311,781 United States Dollars)." – [Mr Ong Ye Kung]