The Assets Recovery Trust Account of 1MDB has a balance of RM15.76 billion, which includes funds from hibah and foreign exchange gains, aimed at repaying most of its debt in 2022. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz stated that the government allocated RM1.53 billion to cover the shortfall for interest repayments. Additionally, the expected settlement from AmBank is RM515 million, while Goldman Sachs guarantees approximately US$954 million. The government has provided RM10 billion in assistance since 2017 for 1MDB's commitments and interest payments.TRUST ACCOUNT HAS BALANCE OF RM15.76 BLN TO REPAY 1MDB DEBT
The Assets Recovery Trust Account of 1MDB has a balance of RM15.76 billion, which includes funds from hibah and foreign exchange gains, aimed at repaying most of its debt in 2022. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz stated that the government allocated RM1.53 billion to cover the shortfall for interest repayments. Additionally, the expected settlement from AmBank is RM515 million, while Goldman Sachs guarantees approximately US$954 million. The government has provided RM10 billion in assistance since 2017 for 1MDB's commitments and interest payments.
