Risk of Malaysia Default “Minimal” – PM Najib

Even in the face of growing debt levels, Malaysia is confident that its fiscal house is in order.

“Most of our debts are domestic and essentially longer term, so the risk of defaulting is quite minimal,” said the Malaysian Prime Minister Najib Razak in an exclusive interview with CNBC’s Martin Soong in Kuala Lumpur Thursday.

Malaysia’s government debt stands at 53 percent of gross domestic product, while its household debt is among Asia’s highest. The country is trying to rein in its debt, announcing earlier this month that it will increase fuel prices for the first time since December 2010.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu