Singapore Secured $510M to Boost Green and Sustainable Infrastructure in Southeast and South Asia

Singapore’s central bank, the Monetary Authority of Singapore (MAS), announced the first close of the Green Investments Partnership (GIP) with $510 million in committed capital from global, regional, public, private, and philanthropic institutions. The partnership, part of Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, aimed to deploy this capital into green and sustainable infrastructure projects across Southeast and South Asia, including renewable energy, electric vehicle infrastructure, sustainable transport, and water and waste management. The initiative focused on addressing the region’s climate finance gap by using innovative blended finance structures to de-risk marginally bankable infrastructure projects. By mobilizing both concessional and commercial capital, GIP intended to attract international investors and financiers to projects that traditionally struggled to secure funding, particularly during the development and construction phases. MAS highlighted that the first close marked an important milestone for FAST-P, demonstrating the ability to bring together diverse partners to support Asia’s green transition. Officials emphasized the broader objective of promoting sustainable infrastructure and scalable blended finance solutions, positioning Southeast and South Asia to accelerate their low-carbon transition and achieve long-term environmental and economic resilience.