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p. 88 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Strategic Priorities Thematic Priorities Regional Perspectives East and Central Asia Mekong The Pacific South Asia Southeast Asia Indonesia Malaysia Philippines Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : Part 2: Poverty Reduction

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Malaysia

Strategy and Policy Dialogue. Malaysia has not availed of new loans from any major multilateral finance institution in recent years. In November, ADB issued its debut Malaysian ringgit (RM) bonds in the domestic capital market with a principal amount of RM400 million and a bullet maturity of 5 years. This was a landmark event in ADB's efforts to support bond market expansion in the region and reflected the rapid development of the Malaysian financial market regulatory regime. In 2004, Malaysia announced a $5 million contribution to ADF IX, its first contribution since ADF VII. In addition, Malaysia remained an active partner in subregional activities supported by ADB.

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