## Malaysia: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Malaysia

_IMF Staff Country Reports, February 28, 2020_

## Source details

**Canonical URL:** [Malaysia: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Malaysia](https://www.imf.org/en/publications/cr/issues/2020/02/27/malaysia-2020-article-iv-consultation-press-release-staff-report-and-statement-by-the-49105)

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## Bibliographic details
- Published: February 28, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513531946.002

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### Key findings
- The Malaysian economy is stable despite domestic and external challenges.
- The authorities are making progress on their reform agenda, including governance reforms and measures to improve the transparency and management of public finances.
- Growth has held up and inflation has remained subdued.
- Domestic demand is expected to be the main driver of growth over the medium term.
- Risks to the outlook are, on balance, to the downside.

### Policy recommendations and structural reforms
- Policies should focus on medium-term fiscal consolidation, while safeguarding growth and financial stability.
- Medium-term fiscal consolidation plans should be underpinned by well-identified revenue and spending measures.
- Push ahead with structural fiscal reforms, including:
  - the adoption of a Fiscal Responsibility Act,
  - improvement in debt management,
  - improvement in public procurement,
  - strengthening the public investment framework.
- Structural reforms are needed to enshrine in law main governance measures, and to boost productivity to achieve high income status and inclusive growth.

### Subjects and keywords
- Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, External debt, Fiscal policy, Labor, Public debt, Revenue administration
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, CR, Global, headline inflation, inflation expectation, ISCR, monetary policy statement, rate, staff appraisal, statement mentions downside risk

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_Source: https://www.imf.org/en/publications/cr/issues/2020/02/27/malaysia-2020-article-iv-consultation-press-release-staff-report-and-statement-by-the-49105_