Showing posts with label Dari Tun Mahathir : MALAYSIA’S WORLD BANK LOANS. Show all posts
Showing posts with label Dari Tun Mahathir : MALAYSIA’S WORLD BANK LOANS. Show all posts

Wednesday, 21 December 2011

Tun Mahathir hasilkan 3 aspek kepimpinan besar

KUALA LUMPUR 20 Dis. – Datuk Seri Najib Razak berkata, bekas Perdana Menteri, Tun Dr. Mahathir Mohamad berjaya menghasilkan tiga aspek kepimpinan penting yang sangat besar dalam pembangunan negara.

Perdana Menteri berkata, tiga aspek itu ialah mewujudkan misi nasional iaitu Wawasan 2020, menyelamatkan ekonomi negara ketika krisis kewangan dunia pada 1997 dan menggalakkan rakyat menanam semangat keyakinan diri yang tinggi melalui slogan ‘Malaysia Boleh’.

“Bila Tun (Mahathir) ungkapkan ucapan visi Malaysia jadi negara maju, ia cetuskan satu semangat di kalangan rakyat dan hari ini kita berdiri di pusingan akhir.

“Saya boleh menyokong apa yang Tun (Mahathir) sebut bahawa dia tentu sekali tidak akan menyerahkan negara kita ini kepada penguasaan IMF dalam apa jua keadaan, sebaliknya kalau ada orang nak tuduh dia (Tun) menulis surat itu, saya fikir itu mengarut belaka,” katanya.

Beliau berkata demikian ketika berucap pada Majlis Makan Malam Gala Tun Dr Mahathir: Legasi Tersohor dan Pelancaran Program Kepimpinan Ulung Mahathir (MDIP) di Pusat Dagangan Dunia Putra (PWTC) di sini malam ini.

Majlis turut dihadiri Dr. Mahathir dan isteri, Tun Dr. Siti Hasmah Mohamed Ali serta isteri Perdana Menteri, Datin Seri Rosmah Mansor.

Najib menambah, kesemua usaha yang dilakukan Dr. Mahathir itu memberikan kesan yang besar dan berjaya meletakkan Malaysia ke arah visi negara maju dan memberikan keyakinan kepada rakyat.

Dalam pada itu, Dr. Mahathir dalam ucapannya memberi jaminan akan terus menyumbangkan pengalaman dan pendapatnya untuk kemajuan negara selagi diperlukan.

Sementara itu, MDIP diwujudkan bertujuan memberikan penghormatan atas jasa dan kepimpinan Dr. Mahathir terhadap pembangunan Malaysia.

Program itu memberikan geran penyelidikan kepada golongan profesional berumur 35 tahun ke bawah dari luar negara untuk mengkaji pemikiran Dr. Mahathir dan disebarkan ke negara asal mereka.

credit to UM

Dari Tun Mahathir : MALAYSIA’S WORLD BANK LOANS



Written by chedet
1. The accusation that I wrote to the World Bank asking for loans is baseless. But Malaysia had been borrowing project loans from the World Bank since 1958.


2. The last negotiations for the loans were made in 1997. These were for projects in:

a) Education sector USD 244 million

b) Social sector USD 60million

c) Technical sector USD100million

3. The currency crisis also began in 1997. Naturally the loans were not approved until 1999 when the crisis was over. The usual sequence is for application for a loan to be made, followed by negotiations. Approval would be given by the bank later.


4. The World Bank wanted Malaysia to request for loans to tide over the crisis like the other countries affected by currency trading. The loans would be conditional upon Malaysia following IMF advice on economic management. It is well-known that Malaysia refused to seek IMF or World Bank help because the so-called help would worsen the financial situation. Instead, in 1998 Malaysia imposed currency control which helped it to recover.


5. In June 1998 (before currency control and while Anwar was still Minister of Finance) a loan for USD 300 million was signed with the World Bank for;

a) Fund for Food Programme

b) Higher Education Loan Fund

c) Microcredit Programme

6. By 31st March 1999 a loan of USD 100 million was signed for Technical Assistance and for overcoming Y2K problems. However, this loan was stopped after drawing down USD 11.94 million.

7. Of the USD 244 million Education Project which was approved in March 1999, payment was ordered to be stopped after USD 216.7 million was drawn down.

8. Of the Social Sector loan of USD 60 million, approved in March 1999, only USD 600,000 was drawn down before it was stopped.

9. As the whole world knows Anwar was reported in the press and foreign magazines for implementing the IMF policy without the IMF loans. He raised interest rates, reduced the period for declaring loans non-performing from 6 months to 3 months, reduced budget allocation to ministries so as to achieve a budget surplus etc.

10. Although he did not oppose currency controls, his appointees as Governor and Deputy Governor of Bank Negara refused to implement the policy and resigned. Tan Sri Zeti was then appointed as Governor of Bank Negara Malaysia.

11. As stated above, Malaysia stopped the draw down on loans negotiated with the World Bank in 1997 and June 1998. This did not stop Malaysia from recovering from the crisis.

12. At no time did I write a letter or verbally request for loans from the World Bank. If Anwar can show evidence that I did, he should. Failing that he should swear on the Quran in a mosque that he knows what he says is true. I am prepared to swear that I never asked for loans from the World Bank.