MOF seeks to advance Singapore’s interests in international finance and economics through active participation in the discussions of related issues on multilateral and regional platforms such as ASEAN, ASEAN+3, APEC, G20, and the Multilateral Development Banks.
Our active participation in bilateral and multilateral engagements helps MOF to:
- strengthen relations with counterparts,
- create mutually beneficial partnerships, and
- shape the outcomes of international negotiations in line with MOF’s policies and goals.
MOF also works with agencies in the wider MOF family (e.g. ACRA, Customs, IRAS) to advance and safeguard their international interests at these platforms.
ASEAN/ASEAN+3/APEC
As a member of ASEAN, ASEAN+3 and APEC, MOF works with regional partners to develop, shape and advance collaboration in the areas of international finance, tax reform, trade and investment facilitation, so as to support regional financial stability and economic prosperity.
G20
MOF participates in G20 meetings to contribute to global commons issues that require international cooperation. These platforms also serve as useful opportunities for us to engage and exchange ideas with key partner countries.
Multilateral Development Banks
MOF seeks to create sector-specific opportunities for Singaporeans and Singapore-based companies through partnerships with Multilateral Development Banks. By supporting the establishment of the World Bank-Singapore Infrastructure and Urban Development
Hub and the ADB Singapore Office, as well as enhancing collaborations with the Asian Infrastructure Investment Bank, MOF strengthens Singapore’s position as a regional infrastructure financing hub and deepens Singapore’s capabilities in
project financing and structuring.