Malaysia is back in business, Amir Hamzah tells IMF-World Bank meetings
BANGKOK: Malaysia’s message at the International Monetary Fund (IMF)-World Bank Group Annual Meetings here is clear: the country is back in business, backed by political stability, policy clarity and sustained reforms that are strengthening investor confidence amid global uncertainty.
Malaysia's Finance Minister, II Datuk Seri Amir Hamzah Azizan, told the IMF-World Bank Group Annual Meetings in Bangkok that the country is "back in business." He attributed this to political stability, policy clarity, and sustained reforms that have bolstered investor confidence amidst global uncertainty. Over the past two years, Malaysia's GDP grew by 5.2 percent each year, reaching 5.7 percent in the latest quarter, showcasing the resilience of its industries and their role in global supply chains.
Amir Hamzah emphasized that Malaysia is attracting foreign direct investment (FDI), with recent US$1.5 billion global sukuk issuance that was oversubscribed 4.7 times and secured competitive pricing. This success is due to the country's commitment to fiscal discipline and good governance through various reforms, including the Fiscal Responsibility Act and Government Procurement Act.
Additionally, Malaysia is embracing artificial intelligence and digitalisation to boost productivity, modernize public services, and create higher-value jobs.
The Finance Minister highlighted that Malaysia's recent economic progress and reforms have impressed the global community, leading to strong foreign direct investment inflows. He stressed that the ultimate goal is to build a stronger, high-income economy where the benefits of growth are more widely shared among Malaysians, including future generations.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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