Green finance is critical to drive economic growth and improve social issues such as climate change, said Monetary Authority of Singapore (MAS) deputy managing director Jacqueline Loh. Citing recent data, she says green finance is already making a difference to impoverished communities. For instance, lower-income families and small businesses were among the main beneficiaries of the US$24 billion ($33.35 billion) in social and sustainability bonds issued to support healthcare and pharmaceutical developments in 1QFY2020. The amount disbursed during this quarter is nearly double that of the same period last year, Loh adds.
Quoteworthy: "China cannot save the world but can save itself." –— David Gaud, Pictet Wealth Management’s Asia chief investment officer, on why he remains bullish on the world’s second largest economy.
Green finance is what the world needs, says MAS
