Malaysia seeks $700m loan

Mon, 22 Jun 1998, 00:00 WIB | Source: DJ

KUALA LUMPUR (Dow Jones): Malaysian Prime Minister Mahathir
Mohamad has said the country is seeking a further $700 million in
funding from the World Bank, local newspapers reported yesterday.

"We need a lot of money to kickstart the economy... $700
million, maybe $1 billion. If we can get more, we will ask for
more," the New Straits Times quoted him as saying.

Malaysia has recently been granted $300 million from the World
Bank to finance rural development projects.

View JSON | Print