I never accepted IMF’s recommendations outright, says Anwar

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Anwar Ibrahim looks back on the 1997 financial crisis, when he was believed to have backed the International Monetary Fund’s policies.PETALING JAYA: Anwar Ibrahim, who was finance minister during the 1997 Asian financial crisis, said tonight that he never fully accepted the recommendations by the International Monetary Fund, contrary to allegations frequently raised against him. In a lengthy Facebook post today, Anwar, who is PKR president, said what he believed to be correct in the IMF’s assessment was that Malaysia faced a crisis of confidence which could be rectified by “real structural changes that increased transparency, accountability and ensured the independence of institutions.” “I never accepted the IMF’s recommendations outright, despite what has been alleged,” he said. Anwar acknowledged that Malaysia had recovered well in 1999. But so had other countries in the region…