Updated on February 28, 2014
The World Bank Group’s current partnership with Malaysia is focused on knowledge-sharing and is centered around support for Malaysia’s vision to join the ranks of high income economies through inclusive and sustainable growth. Malaysia has not borrowed from the Bank since 1999, and reimburses the Bank for the advisory services provided. In 2012, the government and the World Bank extended their Framework Agreement for advisory services through 2014. The Bank has provided advisory services in areas such as minimum wage policy, a master plan to develop Small and Medium Enterprises, improving the effectiveness of public expenditures, and accounting and auditing standards. It is currently working with the government in conducting studies on improving the targeting of social assistance programs, HIV/AIDS prevention, and boosting growth by leveraging its cities.
The World Bank started publishing the Malaysia Economic Monitor in 2009. This bi-annual publication reviews recent economic developments and provides an independent analysis of the near- and medium-term economic outlook. Each issue also features a specific theme of analytical interest – previous editions looked at growth through innovation, inclusive growth, brain drain, smart cities, modern jobs, women’s economic participation and the quality of education.
IFC views Malaysia as a platform for increasing South-South investments as Malaysian companies deepen their investments and presence in emerging markets. As part of this strategy, IFC recently invested in IHH Healthcare, a Malaysia-based healthcare and medical education company with operations in eight countries. In addition, IFC is also looking to increase mobilization volumes for both debt and equity transactions and is exploring the possibility of implementing risk sharing and advisory services programs to address specific needs within Malaysia.