## 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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/03/08/malaysia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46651/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/03/08/malaysia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46651/index.json)
- [Bundle manifest](/en/publications/cr/issues/2019/03/08/malaysia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46651/bundle-manifest.json)

## 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**
  - [1mysea2019001 (Markdown version)](/-/media/files/publications/cr/2019/1mysea2019001.pdf.md){rel="alternate" type="text/markdown"}
  - [1mysea2019001 (PDF)](/-/media/files/publications/cr/2019/1mysea2019001.pdf){rel="external" type="application/pdf"}

---

_Source: 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_