Thanks, Kathy. The office in Singapore, which is a joint World Bank-IFC-MIGA Hub, will grow from about 80 staff to over 200 over the next two years. The main "themes" of the office are infrastructure and urban development as well as Treasury services. On the Bank side, we have PPP-CCSA staff and the Global Infrastructure Facility with growing presence from Urban (SURR Global Practice); Water; Transport; ICT; Energy & Extractives; and Trade & Competitiveness. On the IFC side, PPP Advisory Services (C3P) for all Asia is based there and there is a growing presence of investment officers in infrastructure as well as other sectors. IFC Treasury is also opening a trading desk with an adjunct team from Syndications arriving in parallel. The IFC's Asset Management Company has two equity funds based at the Hub as well.