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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Singapore may have to tap reserves again: minister

Posted on 06 February 2009

From AFP: Singapore, which has announced an unprecedented dip into its vast national savings, may have to tap them again if the economy worsens, Finance Minister Tharman Shanmugaratnam said Thursday.

“This is a crisis that will be long drawn out,” Shanmugaratnam said in parliament. “I am raising this (possibility) not because we know we are going to do it or because we are committed to doing it, but this is realistically the assessment.”…. Full Article: Source


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