Tengku Zafrul: No need for IMF loan; Malaysia not bankrupt

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KUALA LUMPUR, Sept 14 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has asserted that the International Monetary Fund (IMF) never stated that Malaysia has economic...

KUALA LUMPUR, Sept 14 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has asserted that the International Monetary Fund never stated that Malaysia has economic problems that will cause the country to go bankrupt, instead it is confident of the country’s growth prospects.

Tengku Zafrul dismissed the viral video as nonsensical, adding that the government has never hired or appointed any party to manage its financials. “So the possibility for the country to go bankrupt and needing to borrow from the IMF is completely not true,” he said. “Once again, the country’s economic fundamentals are solid, and third quarter growth will be even better,” he elaborated.

 

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