MoF provides RM950m standby credit facility to 1MDB

“Having completed a strategic review of the business, 1MDB had announced on 17 February 2015 specific plans for each of its key assets. 

The Ministry of Finance is fully supportive of these plans and, in its capacity as the 100% shareholder of 1MDB, has provided the company with a standby credit facility to help ensure that it is able to realise maximum value from these plans.