The Basics
True/False: Singapore invests 100% of its reserves domestically.
False
True or False: During the Global Financial Crisis of 2008/09, Singapore did not tap into Past Reserves.
False (It did, with President’s approval)
Which major regional crisis in 1997 tested Singapore’s reserves?
The Asian Financial Crisis
What do we call reserves built up in previous terms that can't be drawn without the President's approval?
Past Reserves
The government can spend part of the investment returns from GIC, Temasek, and MAS. What is that contribution called?
The Net Investment Returns Contribution (NIRC)
Name one key reason why Singapore invests part of its reserves overseas.
Diversification / Stable returns / Growth