The genesis of GIC is part of the larger narrative of how Singapore manages its reserves to benefit Singaporeans
The creation of GIC 40 years ago in 1981 was a far-sighted, original and bold move. At that time, sovereign wealth funds did not exist. GIC was the brainchild of Dr Goh Keng Swee who was at that time Deputy Prime Minister and Chairman of the Monetary Authority of Singapore. Central banks seek macroeconomic and […]