{
  "title": "Singapore: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Singapore",
  "publication": "IMF Staff Country Reports, July 23, 2010",
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  "summary": "Strong policies, resilient markets, and an improved external environment have helped Singapore tide over the recession. Singapore has a strong track record of proactive and forward-looking economic policymaking. Fiscal policy has regained its traditional medium-term orientation.",
  "sections": [
    {
      "heading": "Executive summary and overall assessment",
      "content": "- Strong policies, resilient markets, and an improved external environment have helped Singapore tide over the recession.\n- Singapore has a strong track record of proactive and forward-looking economic policymaking.\n- Fiscal policy has regained its traditional medium-term orientation.\n- Official reserve accumulation has to be kept under review.\n- Social safety nets are well placed.\n- Singapore’s exchange rate regime continues to serve the economy well, and the Monetary Authority of Singapore’s exchange-rate-centered monetary framework has been an important source of stability in times of economic turbulence."
    },
    {
      "heading": "Key findings (macroeconomic and financial)",
      "content": "- Balance of payments, Banking, Current account balance, Financial crises, Financial institutions, Financial services, Inflation, Loans, Prices are identified subject areas.\n- Staff appraisal emphasizes resilient markets and policy responses that mitigated recessionary impacts.\n- The exchange-rate-centered monetary framework is highlighted as an important source of stability in times of economic turbulence."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Maintain proactive and forward-looking economic policymaking to support recovery and medium-term stability.\n- Continue the medium-term orientation of fiscal policy.\n- Keep official reserve accumulation under review to ensure adequacy and avoid unintended risks.\n- Preserve social safety nets that are reported as well placed.\n- Retain the exchange rate regime and the Monetary Authority of Singapore’s exchange-rate-centered framework given its stabilizing role."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: July 23, 2010\n- Pages: 49\n- Volume: 2010\n- Issue: 226\n- Series: Country Report No. 2010/226\n- DOI: https://doi.org/10.5089/9781455207688.002\n- Stock No: 1SGPEA2010001\n- ISBN: 9781455207688\n- ISSN: 1934-7685\n\nInternational Monetary Fund. \"Singapore: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Singapore\", IMF Staff Country Reports 2010, 226 (2010).\n\n---\n\n Content in this bundle\n\n- cr10226\n  - cr10226 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr10226 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 23, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455207688.002",
    "Strong policies, resilient markets, and an improved external environment have helped Singapore tide over the recession.",
    "Singapore has a strong track record of proactive and forward-looking economic policymaking.",
    "Fiscal policy has regained its traditional medium-term orientation.",
    "Official reserve accumulation has to be kept under review.",
    "Social safety nets are well placed.",
    "Singapore’s exchange rate regime continues to serve the economy well, and the Monetary Authority of Singapore’s exchange-rate-centered monetary framework has been an important source of stability in times of economic turbulence.",
    "Staff appraisal emphasizes resilient markets and policy responses that mitigated recessionary impacts.",
    "The exchange-rate-centered monetary framework is highlighted as an important source of stability in times of economic turbulence.",
    "Maintain proactive and forward-looking economic policymaking to support recovery and medium-term stability.",
    "Continue the medium-term orientation of fiscal policy.",
    "Keep official reserve accumulation under review to ensure adequacy and avoid unintended risks.",
    "Preserve social safety nets that are reported as well placed.",
    "Retain the exchange rate regime and the Monetary Authority of Singapore’s exchange-rate-centered framework given its stabilizing role.",
    "Publication date: July 23, 2010",
    "Pages: 49",
    "Volume: 2010",
    "Issue: 226",
    "Series: Country Report No. 2010/226",
    "DOI: https://doi.org/10.5089/9781455207688.002",
    "Stock No: 1SGPEA2010001",
    "ISBN: 9781455207688",
    "ISSN: 1934-7685",
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