Malaysia’s Government Sees Nearing Obligations of 1MDB Debt

The Malaysian government’s 1Malaysia Development Bhd (1MDB) debt still obliges the country to repay a remaining MYR 17 billion (USD 4 billion) by 2023, as the public funds continue to bear the debt through direct assistance or through 1MDB’s Assets Recovery Trust Fund, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz on the 14th of March 2022.

Why it Matters?

As of the 28th of February 2022, 1MDB’s debt commitment balance that includes the principal payments and the interest of three bonds and one Sukuk has reached MYR 38.8 billion (USD 9.2 billion) (at exchange rates: USD 1 = MYR 4.2). According to Tengku Zafrul, a total payment of MYR 13.31 billion (USD 3.2 billion) has been made by the government for the deb...