In a recent address at the Ceramah Perpaduan, the honorable Economy Minister Rafizi Ramli unequivocally rejected speculations from the opposition regarding Malaysia’s financial state, specifically dismissing any potential loan from the International Monetary Fund (IMF). Rafizi underscored that seeking a loan from the IMF is typically a measure of last resort for nations facing bankruptcy, a scenario which Malaysia is far from.
Rafizi explained that approaching the IMF for financial assistance is a viable option only after exhausting all other avenues and finding it impossible to repay existing debts. “You can’t simply go to the IMF for a loan. They will think you are crazy. Until and unless you are on the verge of bankruptcy, then there is no issue,” he articulated. He also posed critical questions to the audience, asking, “Are we on the verge of bankruptcy? Are we unable to settle our loan?”
The Economy Minister also took the opportunity to reprimand the opposition for their apparent lack of understanding of financial policies, suggesting that they should have paid more attention in school rather than engaging in trivial matters. In a lighthearted jab, Rafizi commented that the opposition should have been more focused on important issues rather than “playing TikTok.”
This statement was a response to Perikatan Nasional chairman Tan Sri Muhyiddin Yassin’s remarks about the federal government’s decision to reduce subsidies. During a recent ceramah for the Sungai Bakap by-election, Muhyiddin had questioned whether this policy change indicated the possibility of a future IMF loan for Malaysia. However, Rafizi made it clear that Malaysia’s financial position did not warrant such extreme measures.
It is crucial to note that Rafizi’s clarification comes amid the campaigning for the Sungai Bakap by-election, scheduled to take place on July 6. The election will see a direct contest between Pakatan Harapan’s Dr. Joohari Ariffin and Perikatan Nasional’s Abidin Ismail. With the economy being a significant topic of discussion during the campaign, Rafizi’s remarks were aimed at dispelling any unnecessary fears or misinformation about Malaysia’s financial stability.
As Rafizi addressed the concerns raised by the opposition, it is evident that Malaysia’s financial situation is a relevant and sensitive issue that has been amplified during the election campaign. By providing a clear explanation of the country’s position regarding IMF loans, he aimed to reassure the public and dispel any unnecessary speculation about the nation’s economic standing.
In conclusion, Rafizi’s statements serve as a reminder of the importance of responsible and informed discussion when it comes to financial policies and the nation’s economic well-being. As the election date approaches, it is essential for all parties to address these topics with accuracy and diligence to provide voters with the clarity they need to make informed decisions.
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