Malaysia Drains Crowdsourced ‘Hope Fund’ to Repay 1MDB Debt

(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Malaysia’s Hope Fund has been exhausted as the government used all 205 million ringgit ($49 million) it raised from the public to pay off some of 1MDB’s debt, Finance Minister Lim Guan Eng said.The Finance Ministry set up Tabung Harapan, or the Hope Fund, following a shock election victory in May 2018 by a