Abu Dhabi fund's propositions will be closely watched

WHETHER by design or otherwise, the latest annual report issued by 1Malaysia Development Bhd (1MDB) has much higher standards of disclosure compared to reports in the previous years.

The 173-page document detailing the operations of the fund set up in 2009 to act as a catalyst to attract projects that bring about a high multiplier effect to the economy gives an insight into why sovereign funds linked to the Abu Dhabi government had given guarantees to 1MDB in its acquisition of power plants in Malaysia.