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Wednesday, May 1, 2024

Singapore’s $26 Million Leap: Pioneering Sustainable Finance in Southeast Asia

The Monetary Authority of Singapore (MAS) and the Central Bank will support the development of upskilling and reskilling initiatives with $26 million in funding.

Key takeaways

  • The MAS and Singapore Central Bank will allocate $26 million to develop the sustainable finance industry in the country.
  • The MAS and the IBF released a report titled Sustainable Finance Jobs Transformation Map (JTM).
  • Singapore has been leading the development of the sustainable finance sector in the SEA region.

The development of different initiatives towards the sustainable finance sector will take 3 years, aiming to expand the sustainable finance sector in the country.

The MAS also announced the release of a new study titled Sustainable Finance Jobs Transformation Map (JTM), which was done along with the Institute of Banking and Finance (IBF).

The report stated that the sustainable finance market in the ASEAN…

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