SINGAPORE (June 9): Green finance is critical to drive economic growth and improve social issues such as climate change, says Jacqueline Loh, the deputy managing director of the Monetary Authority of Singapore (MAS).

Citing recent data, Loh notes that green finance is already making a difference to impoverished communities.

For instance, lower-income families and small businesses were among the main beneficiaries of the US$24 billion ($33.4 billion) in social and sustainability bonds issued to support healthcare and pharmaceutical developments in 1Q20.

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