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Malaysia's Debt Structure, External Assets Can Buffer External Shocks - IMF

Last update: 08/03/2018
 

KUALA LUMPUR, March 8 (Bernama) -- Malaysia's debt structure and external assets have enhanced its resilience against external shocks and exchange rate movements, the International Monetary Fund (IMF) said.

"Our authorities welcome staff's assessment that Malaysia's external debt remains manageable under a variety of shocks," it said today.

Malaysia's external debt stood at RM873.8 billion or US$204.7 billion as at end-September 2017, equivalent to 65 per cent of Gross Domestic Product (GDP) (2016: RM916.9 billion or US$202.3 billion; 74.5 per cent of GDP).

Malaysia's external debt is supported by a favourable debt structure with about 34 per cent of external debt denominated in ringgit.

The remaining external debt denominated in foreign currency are mostly held by banking institutions, which are subject to the central bank's prudential management, it said in the staff report, which was prepared by a staff team of the IMF for the Executive Board's consideration on Feb 9, 2018, following discussions that ended on Dec 8, 2017, with the officials of Malaysia on economic developments and policies.....

 
 
 

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