Malaysia agrees to pay Abu Dhabi $1.2b towards 1MDB debt settlement

Malaysia agrees to pay Abu Dhabi $1.2b towards 1MDB debt settlement

A man walks past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur, REUTERS/Olivia Harris

Malaysia reached an agreement to pay Abu Dhabi about $1.2 billion as settlement over the debt of embattled government fund 1Malaysia Development Bhd.

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