The last sentence in the International Monetary Fund's annual review of the Singapore economy, which has just been released, is perhaps the most interesting:
"Given all members’ obligations to provide accurate data to the Fund, Directors welcomed the authorities’ intention to improve over time the currently incomplete reporting of the international investment position of Singapore," the report, which offers a supportive view of the government's reaction to the recession, concludes.
Has the Singapore government previously flagged this desire to be more transparent about the actions of Temasek and GIC, its two massive sovereign wealth funds?
A brief Reuters summary of the report is online here.
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