Tag Archives: IMF

Tharman Shanmugaratnam Just Announced Global Vaccine Plan?!

Did unelected WEF official Tharman Shanmugaratnam just announce an urgent plan to vaccinate 60% of every country in the world?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : Tharman Shanmugaratnam Just Announced Global Vaccine Plan!

People are sharing an article which claims that unelected WEF official Tharman Shanmugaratnam just announced an urgent plan to vaccinate 60% of every country in the world!

Circulating on WhatsApp :

BREAKING: Unelected WEF Official Announces URGENT Plan to VACCINATE 60% of EVERY COUNTRY in the World by 2024

Amid the COVID-19 pandemic, Mr Tharman stressed the importance of vaccinating the world’s population.

Here is an excerpt from that article, which was published on 25 August 2023. Note the date – this will be important.

Unelected WEF official announces URGENT plan to VACCINATE 60% of EVERY COUNTRY in the world

Recommended : Did Klaus Schwab Ban Vaccinated Pilots @ WEF 2023?!

 

Truth : Tharman Shanmugaratnam Did Not Just Announce Global Vaccine Plan!

This is yet another example of FAKE NEWS circulating on WhatsApp and social media, and here are the reasons why…

Fact #1 : There Are No Elections In WEF

I think it is best that I start by pointing out that the World Economic Forum (WEF) is a non-governmental organisation (NGO) and think tank.

What this means is that there is no requirement for its officials to be elected. So highlighting that an “unelected WEF official” said or did something is a red herring. It is completely irrelevant to the issue at hand.

Mr. Tharman Shanmugaratnam was appointed to the WEF Board of Trustees in May 2019. Just because he was appointed, not elected, to the Board of Trustees does not make it nefarious. This is just how things are done at the WEF.

This is no different from how private, or even public-listed companies operate. They do not elect their CEO or officials or staff.

Fact #2 : Tharman Quote Was Two Years Old

It is unknown why the article claims that this is BREAKING news. The quote by Tharman Shanmugaratnam is 2 years old!

The source the article quoted was a 26 August 2021 article by CNA Lifestyle, titled Preparing for the next pandemic requires ‘new way of thinking about international cooperation’: Tharman.

Did the writer misread the date? That seems unlikely since the CNA article was dated 26 August 2021, while the viral article was posted on 25 August 2023.

Recommended : Why Pfizer CEO Ignored Questions On Transmission!

Fact #3 : Tharman Shanmugaratnam Resigned In 2023

Just to be clear – Tharman Shanmugaratnam was still a minister in the Singaporean government when he called for 60% of the world population to get the COVID-19 vaccine. That was stated clearly in the CNA article:

Global health security is “dangerously underfunded” and the World Health Organization (WHO) needs more support to deal with the next pandemic, which could come at any time, said Senior Minister Tharman Shanmugaratnam on Wednesday (Aug 25).

Mr Tharman Shanmugaratnam also did not retire as a Singaporean Minister. He resigned from all positions in the Singaporean government, as well as his membership in the People’s Action Party (PAP) on 7 July 2023, to run for the 2023 Singapore presidential election.

Fact #4 : Tharman Urged 60% Global Vaccination By 2022

Mr. Tharman Shanmugaratnam did not call for the vaccination of 60% of the world population by 2024. He actually called for that to happen by 2022.

Fact #5 : 60% Vaccination Plan Was Not By WEF

I should also point out that the WEF did not come up the plan to vaccinate 60% of the world’s population by 2022. As quoted in the CNA article, Mr. Tharman said that it was the action plan set out by the WHO, IMF and their multilateral partners:

The first and most urgent priority is to implement the action plan set out by the WHO, IMF and their multilateral partners to vaccinate at least 60 per cent of every country’s population over the next year [2022].

Recommended : Did Interpol Order Arrest Of Bill Gates, Justin Trudeau, Klaus Schwab?!

Fact #6 : Over 70% Vaccinated By March 2023

It is also absurd to panic over the (false) claim that Mr. Tharman wanted to vaccinated 60% of the world’s population by 2024, because that target was already achieved!

As of March 13, 2023, more than 5.55 billion people across the world received at least one dose of a COVID-19 vaccine. In other words, 72.3% of the world’s population had already received at least one COVID-19 vaccine dose.

That’s why when I was first asked to fact check this article, I was puzzled. That 60% target was already surpassed!

Please help us FIGHT FAKE NEWS by sharing this fact check article out, and please SUPPORT our work!

Don’t forget to protect yourself, and your family, by vaccinating against COVID-19!

 

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Does Malaysia Have 2nd Most Debt In Asia, After Sri Lanka?!

Did the IMF warn Malaysia about having the second most national debt in Asia, after Sri Lanka?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : Malaysia Has 2nd Most Debt In Asia, After Sri Lanka!

This post about IMF warning Malaysia about having the second most national debt in Asia, after Sri Lanka, has gone viral.

People are sharing it as a warning of how Malaysia could very soon descent into the economic chaos and misery affecting Sri Lanka.

International Monetary Fund (IMF) has warned that Malaysia is in a huge economic dilemma.

The second largest debt country in Asia after Sri Lanka is Malaysia.

Good Luck to Malaysian… [sic]

马民有福了😱😭

 

Truth : Malaysia Does Not Have 2nd Most Debt In Asia, After Sri Lanka!

This is yet another example of FAKE NEWS circulating on social media, and here are the reasons why…

Fact #1 : IMF Did Not Say Malaysia Is In Economic Trouble

The International Monetary Fund (IMF) did not warn that Malaysia is in huge economic trouble.

In April 2022, it warned that Asian nations, like the rest of the world, are at risk of stagflation from being battered by the war in Ukraine and the slowdown in China from COVID-19.

The region faces a stagflationary outlook, with growth being lower than previously expected, and inflation being higher.

Inflation is now expected to rise 3.2% this year, a full point higher than expected in January.

Despite the downgrade, Asia remains the world’s most dynamic region, and an important source of global growth.
– Anne-Marie Gulde-Wolf, acting director of IMF Asia and Pacific

Fact #2 : Malaysia Does Not Have Second Most Debt In Asia

The claim that Malaysia has the second highest national debt in Asia is also false.

On both the GDP percentage and per capita basis, Singapore has the second highest national debt in Asia, behind Japan. Even Sri Lanka has less debt, per capita or as a percentage of its GDP, than Singapore or Japan.

Malaysia has far less national debt than Sri Lanka as a percentage of its GDP, but twice the debt on a per capita basis.

Here is a comparison I created of countries with the highest national debt in Asia :

Country Year National Debt Debt
(% of GDP)
Debt Per Capita
Japan 2020 $13,054 billion 259% $103,386
Singapore 2021 $536 billion 132.8% $98,410
Sri Lanka 2020 $81.7 billion 101.2% $3,726
Mongolia 2021 $14.3 billion 94.7% $4,294
India 2020 $2,402 billion 90.1% $1,741
China 2020 $10,115 billion 68.1% $7,164
Malaysia 2021 $239 billion 63.4% $8,644
Philippines 2021 $226 billion 57.5% $2,055

Fact #3 : IMF Optimistic Malaysia Will Expand By 5.75% In 2022

In May 2022, the International Monetary Fund (IMF) actually announced that it is optimistic that Malaysia’s economy will expand by 5.75% in 2022, driven by pent-up domestic demand and continued strong external demand.

It also said that Malaysia’s high vaccination rates, and limited movement restrictions are supporting economic expansion.

Fact #4 : High Debt Is Not Necessarily Bad

While a high national debt is not ideal, it is not necessarily a bad thing either. It really depends on how much interest needs to be paid on the debt, and what the government is using it for.

Unlike individuals who will die eventually, the government of a country can last for hundreds of years. So governments do not have to pay back all of their debts within a certain amount of time.

As long as the government can keep paying interest on its debt, it can continue to borrow money to service deficits in its budget, or to invest in projects that grow the economy.

Fact #5 : How Governments Use Money Matters More

Just like how you can use borrowed money to invest in assets or splurge on liabilities, how the government uses the borrowed money matters more than how much it borrows.

If the government uses borrowed money to invest, that will spur growth that allows it to easily repay its debts while driving down the interest it pays.

But if the borrowed money is lost through corruption or wasteful projects, the government will find it harder to pay interest on the debt and may even default on payments.

Fact #6 : High Government Spending During Pandemic Is Expected

Practically every government in the world was forced to spend significantly more during the pandemic. Most run into large deficits during the pandemic because :

  • lockdowns reduce economic activity, reducing taxes
  • governments need to spend more on healthcare to combat COVID-19
  • governments cut taxes to support citizens and businesses
  • governments provide monetary support for citizens and businesses

This isn’t unique to Malaysia, but applies across the world. That’s why Malaysia’s national debt jumped significantly after January 2020.

Fact #7 : Malaysia Has Sufficient Foreign Reserves

Malaysia’s national debt increased from $228.7 billion in 2020, to $239 billion (RM 979.8 billion) in 2021 – an increase of about 4.5% year-on-year.

While this increase pushes Malaysia close to a national debt of 65% of its GDP, it is still much lower than many other countries.

More importantly, Bank Negara Malaysia reported international reserves of $116.9 billion as of 31 December 2021, which is enough to finance 7.7 months of retained imports, and is 20% higher than the total short-term external debt.

In other words, Malaysia is not anywhere close to collapsing economically, like what happened in Sri Lanka.

Please help us FIGHT FAKE NEWS by sharing this fact check article out, and please SUPPORT our work!

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

Recommended Reading

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Please support us by visiting our sponsors, participating in the Tech ARP Forums, or donating to our fund. Thank you!