The latest forecast boosts the view that the Asian commodities and financing hub will continue to attract capital flows from across the globe.
International Finance Corporation (IFC) sees this year’s annual funding commitments to Singapore remaining near a record level, according to a regional executive.
IFC backed 11 deals in the city state in the financial year ended June 30, totaling US$2.15 billion ($2.9 billion) and predicts a similar amount this period, Riccardo Puliti, IFC’s regional vice-president for Asia and the Pacific said in an interview with Bloomberg on Friday.
