In the past 30 years, Malaysia has successfully curtailed high poverty rates and reduced income inequalities. Its goal is to attain high income status by 2020 while ensuring that growth is sustainable.
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This Country Assistance Strategy (CAS)
for Malaysia aims to mitigate the social consequences of the
economic crisis in 1997 and prevent the erosion of social
sector... Show More + achievements in the short to medium-term, whilst also
looking at instruments to restore growth and confidence, and
enhance Malaysia's competitiveness. The Bank proposes a
base case lending program of $1.0-1.5 billion over three
years in investment loans in the social and related sectors.
The underlying assumptions for base case lending are that
progress in financial and corporate reforms will be steady,
based on currently-established targets, with increased
transparency and disclosure; and public expenditure on
social services will be maintained in real terms. The risks
to the Bank under this base case are considered manageable.
Moreover, no fast-disturbing loans are envisaged under the
base case. The decision to focus exclusively on investment
loans will also affect potential risks to the Bank, should
Malaysia's external vulnerability increase significantly. Show Less -
Date: March 5, 1999
Document Type: Country Assistance Strategy Document