{
  "title": "Malaysia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia",
  "publication": "IMF Staff Country Reports, March 8, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/03/08/malaysia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46651",
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  "summary": "This Article IV Consultation highlights that the Malaysian economy has shown resilience and continues to perform well. Policy priorities are governance reforms and fiscal consolidation while safeguarding growth and financial stability.",
  "sections": [
    {
      "heading": "Economic performance and outlook",
      "content": "- The Malaysian economy \"has shown resilience and continues to perform well.\"\n- \"Domestic demand is expected to remain the main driver of growth over the medium term.\"\n- \"Risks to the outlook are to the downside and stem mainly from external sources.\""
    },
    {
      "heading": "Policy priorities and structural reforms",
      "content": "- Primary policy priorities: \"governance reforms and fiscal consolidation while safeguarding growth and financial stability.\"\n- Structural reforms recommended to \"boost productivity and help further rebalancing growth towards domestic demand.\"\n- Emphasis on improving \"the transparency and efficiency of public services.\""
    },
    {
      "heading": "Monetary policy and exchange rate stance",
      "content": "- With \"growth returning to sustainable levels and no underlying inflation pressures,\" maintaining \"the current broadly neutral monetary policy stance is appropriate.\"\n- \"Exchange rate flexibility should remain the first line of defence against external shocks.\""
    },
    {
      "heading": "Governance and institutional recommendations",
      "content": "- Governance reforms should be \"anchored in legislation to ensure the independence of anti-corruption institutions and appropriate separation of powers.\"\n- Focus areas include legislative anchoring of reforms and measures to enhance public service transparency and efficiency."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subject: External debt, Fiscal policy, Public debt, Revenue administration, Tax refunds\n- 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\n\n---\n\n Content in this bundle\n\n- 1mysea2019001\n  - 1mysea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1mysea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 8, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498302418.002",
    "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.\"",
    "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.\"",
    "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 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: 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",
    "**1mysea2019001**"
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