28 Feb '12, 10am

Malaysia earns IMF praise for prudent economic management

Malaysia earns IMF praise for prudent economic management

By R.S.N. Murali and Allison Lai The Star/Asia News Network Saturday, Feb 25, 2012 MALACCA - The International Monetary Fund (IMF) has commended Malaysia for its prudent economic management, said Prime Minister Datuk Seri Najib Tun Razak. He said such a recognition was welcomed because not many other nations, including countries deemed more prosperous in the region, received such accolades from an international body. Speaking at the handing-over ceremony of offer letters to potential owners of Sungai Putat affordable apartments in Batu Berendam here, Najib also refuted claims by certain quarters that the country had borrowed heavily from the World Bank and IMF to spearhead projects under the 1Malaysia banner. "Instead, we used our domestic fiscal strength to generate revenue and subsequently channel it for development that is beneficial to the rakyat. "As a responsible Gov...

Full article: http://www.asiaone.com/News/AsiaOne+News/Malaysia/Story/A...

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