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
IMF Staff Country Reports, August 13, 2010
Source details
- Canonical URL
- 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
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Bibliographic details
- Published: August 13, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455206889.002
Summary and key findings
- 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.
- Directors welcomed the new Central Bank Act, which reinforces the underpinnings of the financial system.
- Directors commended the authorities’ decision to participate in the Financial Sector Assessment Program.
Macroeconomic policy and fiscal stance
- Consolidation effort in the 2010 budget was welcomed by Executive Directors.
- A sound and sustained fiscal adjustment is essential (as stressed by Directors).
Monetary policy and financial sector
- Monetary policy stance was appreciated for sustaining noninflation growth.
- The new Central Bank Act was welcomed for reinforcing the underpinnings of the financial system.
- Participation in the Financial Sector Assessment Program was commended.
Subjects and keywords
- 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
International Monetary Fund. "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", IMF Staff Country Reports 2010, 265 (2010).