Malaysia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia
IMF Staff Country Reports, March 8, 2019
Source details
- Canonical URL
- Malaysia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia
Other formats
Bibliographic details
- Published: March 8, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498302418.002
Economic performance and outlook
- The Malaysian economy "has shown resilience and continues to perform well."
- "Domestic demand is expected to remain the main driver of growth over the medium term."
- "Risks to the outlook are to the downside and stem mainly from external sources."
Policy priorities and structural reforms
- Primary policy priorities: "governance reforms and fiscal consolidation while safeguarding growth and financial stability."
- Structural reforms recommended to "boost productivity and help further rebalancing growth towards domestic demand."
- Emphasis on improving "the transparency and efficiency of public services."
Monetary policy and exchange rate stance
- With "growth returning to sustainable levels and no underlying inflation pressures," maintaining "the current broadly neutral monetary policy stance is appropriate."
- "Exchange rate flexibility should remain the first line of defence against external shocks."
Governance and institutional recommendations
- Governance reforms should be "anchored in legislation to ensure the independence of anti-corruption institutions and appropriate separation of powers."
- Focus areas include legislative anchoring of reforms and measures to enhance public service transparency and efficiency.
Subject areas and keywords (as listed)
- Subject: External debt, Fiscal policy, Public debt, Revenue administration, Tax refunds
- Keywords: Asia and Pacific, CR, exchange arrangement, financial system, food price inflation, Global, household debt, inflation, ISCR, market, market force, monetary policy decision, open economy, Tax refunds
Content in this bundle
- 1mysea2019001