Malaysia not at risk of collapsing like Sri Lanka – Malaysian FM

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Malaysia is stable and is not at risk of going bankrupt like Sri Lanka, Finance Minister Zafrul Aziz said, citing the International Monetary Fund’s prediction for the economy to expand 5.75% this year as reason for confidence.

“The IMF has never said that Malaysia is facing economic troubles that could bankrupt the country,” he said in Parliament on Tuesday when asked to clarify social media reports that the Southeast Asian nation is set to meet Sri Lanka’s fate. “If we compare our economic indicators with Sri Lanka, it is clear our economy is far more stable than theirs.”

Still, the Government must continue to manage the country’s finances prudently and control the level of debt, he said.

Bloomberg