Economics

Malaysia Drains Crowdsourced ‘Hope Fund’ to Repay 1MDB Debt

Cranes operate at the under construction Tun Razak Exchange (TRX) financial district in Kuala Lumpur.
Photographer: Joshua Paul/Bloomberg

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By Anuradha Raghu

November 30, 2019 at 5:15 AM UTC

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Malaysia’s Hope Fund has been exhausted as the government used all 205 million ringgit ($49 million) it raised from the public to pay off some of 1MDB’s debt, Finance Minister Lim Guan Eng said.