Over S$6 billion worth of green bonds have been issued in Singapore so far, with plans to grow the sustainable finance sector even further, said Acting Prime Minister and Minister for Finance Heng Swee Keat on Wednesday.OVER S$6 billion worth of green bonds have been issued in Singapore so far, with plans to grow the sustainable finance sector even further, said Acting Prime Minister and Minister for Finance Heng Swee Keat on Wednesday.
Aside from growing its sustainable finance sector, Mr Heng listed two other ways that the city-state can contribute: tapping on the Infrastructure Asia initiative as a channel for institutions to invest in infrastructure development opportunities in the region, as well as contributing to regional efforts to build resiliency against natural catastrophes.
An example of a partnership brokered by Infrastructure Asia is the recently announced China-Singapore Co-Investment Platform by Surbana Jurong and the Silk Road Fund. The US$500 million fund will focus mainly on financing greenfield infrastructure projects that can contribute to the sustainable economic and social growth of communities in Southeast Asia.