Govt’s ability to pay 1MDB debts will give assurance to market

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Lim Guan Eng

PUTRAJAYA: Finance Minister Lim Guan Eng is sanguine about the government’s ability to repay the debt obligations relating to 1Malaysia Development Bhd (1MDB), thus sending positive signals to the financial markets.

He said that the government still have funds to pay the debt obligations of the debt-laden state strategic investment fund and the present government is committed to resolve the issue.

“We will honour our international obligations and this will reassure the market that this government knows what it is
doing and it (the government) is market friendly and follow international financial norms,” he told reporters when doorstepped after attending his first Ministry of Finance (MoF) monthly meeting yesterday. — Bernama