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Singapore inks MOU to provide financial support to Global Infrastructure Hub
To increase global investment in infrastructure.
Singapore has signed a Memorandum of Understanding with the Global Infrastructure Hub (GIH), the Ministry of Finance revealed.
Under this partnership, Singapore will provide financial support to the GIH’s efforts in (facilitating information sharing and collaboration between stakeholders, improving investment climates and growing project pipelines in countries, and facilitating the matching of investors with infrastructure projects, over a four year period.
These initiatives could include developing databases to facilitate information sharing among the GIH’s global partners, as well as programmes for capacity building.
“Given the strong infrastructure ecosystem in Singapore, our partnership with the GIH will provide further business and collaborative opportunities between Singapore-based infrastructure players and their global counterparts.Together with a series of infrastructure-related G20 events that Singapore will be hosting in May, our partnership with the GIH will strengthen our position as an infrastructure hub in Asia,” stated the MOF.
The GIH was established as a multi-year G20 initiative to meet the immense infrastructure needs around the world. The MOU was signed on April 16 in Washington DC.
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