M'sia seeks World Bank help to cut spending, trim deficit from 22-year high

Malaysia Seeks World Bank Help to Cut Spending, Trim Deficit

November 11, 2010, 4:28 PM EST

 

By Soraya Permatasari and Barry Porter

 

Nov. 12 (Bloomberg) -- Malaysia will ask the World Bank to help in the country’s efforts to cut government spending as Prime Minister Najib Razak seeks to reduce the budget deficit from a 22-year high.