SINGAPORE, Sept 7 (Reuters) - Singapore's central bank said on Monday it will raise its contribution to the lending capacity of the International Monetary Fund by $1.5 billion to 2 billion.
"Singapore's decision demonstrates our long-standing commitment to a well resourced and effective IMF," Monetary Authority of Singapore Managing Director Heng Swee Keat said in a statement.
The contribution will be in a the form a contingency loan to the IMF under its New Arrangements to Borrow, a set of credit arrangements between the IMF and 26 members and institutions to provide resources to cope with a situation that would threaten financial stability. (Reporting by Nopporn Wong-Anan; Editing by Jan Dahinten)