This is the untold story of how a newly independent Singapore fought fiercely for the right to control its reserves.
Thanks to tens of billions of dollars injected from its reserves, Singapore came out of the pandemic without being saddled with debt. Despite its much-publicised role as an emergency fund, Singapore’s reserves do much more for the republic’s economy and its people even when there isn’t a crisis.
Yet much of this other role and the eco-system built to manage it, are shrouded in mystery. Through exclusive interviews with the country’s top leaders, freshly-released archives and never-before-granted access, this series hopes to lift the lid on the ‘secret sauce’ instrumental to the prosperity of the most successful city state of our time.