“The office will continue to work closely with asset managers, banks, and commercial and concessional investors to promote innovative blended finance solutions for sustainable infrastructure in the region,” says Chia in his opening address at the FAST Conference 2025 on May 7, held in conjunction with Ecosperity Week 2025.
Singapore’s Asia-focused blended finance initiative, the Financing Asia’s Transition Partnership (Fast-P), will soon set up an office, staffed by a “dedicated management team”, to facilitate the deployment of up to US$500 million of concessional capital from the Singapore government, says Chia Der Jiun, managing director of the Monetary Authority of Singapore (MAS).
The Singapore government launched Fast-P at the COP28 climate conference in Dubai in December 2023, with an aim to raise up to US$5 billion to support Asia’s decarbonisation and climate resilience.
