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Asian Development Outlook 2009

Fiscal Stimulus Package Needed to Ease Recession

A significant fiscal stimulus package will help cushion the severity of the recession, although in the highly open economy much of the stimulus will leak abroad. Cushioning externally induced macroeconomic volatility is a particularly difficult challenge in a city-state.

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Singapore and ADB

Singapore is ADB's 29th largest shareholder. It has contributed $190.05 million in capital subscription and $10.44 million to special funds since joining in 1966.

Learn more about ADB's partnership with Singapore [ PDF ]

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