The Monetary Authority of Singapore (MAS) announced a collaboration between Singapore and the United Kingdom to accelerate the clean energy transition and development of sustainable infrastructure across Southeast Asia, anchored by the UK’s pledge of up to GBP 70 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative. Delivered through British International Investment, the funding is intended to deploy investment capital and provide blended finance for low-carbon energy projects and innovative business models, supporting regional energy security and climate resilience. The collaboration also includes joint technical assistance for early-stage project development and measures to encourage private sector participation. FAST-P aims to mobilise up to USD 5 billion to de-risk and finance transition and marginally bankable green projects in Asia, using concessional capital including a Singapore Government pledge of up to USD 500 million matched dollar-for-dollar by other partners to crowd in commercial finance.
Monetary Authority of Singapore 2025-07-14
Monetary Authority of Singapore partners with the United Kingdom as British International Investment pledges up to £70 million for the FAST-P transition finance initiative
The Monetary Authority of Singapore and the UK are collaborating to accelerate clean energy transition and sustainable infrastructure in Southeast Asia, supported by the UK's pledge of up to GBP 70 million to Singapore's FAST-P. The initiative aims to mobilize up to USD 5 billion for low-carbon projects, with joint technical assistance and measures to encourage private sector participation. FAST-P includes a Singapore Government pledge of up to USD 500 million, matched by other partners to attract commercial finance.