Singapore reiterated its support for China’s Belt and Road Initiative, which marks its 10th anniversary in 2023. Read more at straitstimes.com.
BEIJING – Singapore ministers reiterated the Republic’s support for China’s Belt and Road Initiative atwhile also stressing the need to strengthen global supply chains and bolster international cooperation on green financing.
This is why Singapore has been an early and strong supporter of the BRI, he said at the forum, which was held on Oct 17 and 18 to mark 10 years since the BRI was launched to promote infrastructure and economic development with other countries, as well as strengthen cultural ties. More than 3,000 cooperation projects have been formed, including roads, ports and railways, with investments reaching nearly US$1 trillion .
“There is scope for greater international collaboration, including through the BRI, to speed up technological advancement, develop supporting infrastructure to scale up adoption and invest in training of workers to prepare them for the energy transition,” he said. More must be done to reduce the barriers of capital flow to facilitate investments in this area. She noted that the Monetary Authority of Singapore and the People’s Bank of Chinato deepen cooperation in green and transition finance, as well as facilitate public-private sector partnerships.
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S’pore officials stress supply chain resilience, green financing at Beijing forumSingapore reiterated its support for China’s Belt and Road Initiative, which marks its 10th anniversary in 2023. Read more at straitstimes.com.
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