Malaysia: 2010 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Malaysia
August 13, 2010
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Strong fundamentals and countercyclical policies have helped Malaysia during the global financial crisis. Executive Directors welcomed the authorities' challenge to make progress toward economic growth and structural transformation. Directors welcomed the consolidation effort in the 2010 budget, and stressed that a sound and sustained fiscal adjustment is essential. Directors appreciated the monetary policy stance to sustain noninflation growth. They welcomed the new Central Bank Act, which reinforces the underpinnings of the financial system. Directors also commended the authorities’ decision to participate in the Financial Sector Assessment Program.
Subject: Balance of payments, Banking, Budget planning and preparation, Capital flows, Commercial banks, Expenditure, External debt, Financial institutions, Public financial management (PFM)
Keywords: Asia and Pacific, Budget planning and preparation, capital expenditure, Capital flows, Commercial banks, consumption indicator, CR, Global, high-frequency data, high-octane gasoline, ISCR, June CPI, octane, policy normalization, staff appraisal
Pages:
55
Volume:
2010
DOI:
Issue:
265
Series:
Country Report No. 2010/265
Stock No:
1MYSEA2010001
ISBN:
9781455206889
ISSN:
1934-7685
