Malaysia and ADB
In the Spotlight
Malaysia's Zainah Anwar, founding member of Sisters in Islam and Director of non-governmental organization Musawah, explains the importance of cultural debate in the promotion of equality and justice for women in the Muslim world.
ADB President Takehiko Nakao met with Malaysia’s Prime Minister Najib Razak and Finance Minister II, Ahmad Husni Hanadzlah, to discuss ways ADB can further support the country’s efforts to reach high-income status by 2020. Mr. Nakao also attended the 19th ASEAN Finance Ministers’ Meeting in Kuala Lumpur.
Widening credit spreads, a stronger United States dollar, Greece’s debt crisis, and plunging oil prices are growing risks to local currency bonds in emerging East Asia, the latest Asia Bond Monitor shows.
The Key Indicators for Asia and the Pacific 2014 presents the latest available economic, financial, social, and environmental statistics for the 48 regional members of ADB. Download the statistical tables for Malaysia.
ASEAN countries plan to launch a single market for goods, services, capital and labor, potentially one of the largest economies and markets in the world.
Since attaining independence about 5 decades ago, Malaysia has developed into a middle-income country with a record of strong economic performance and poverty reduction. The outlook for Malaysia’s economy has remained bullish in recent years, following the growth patterns that have allowed for many Millennium Development Goals to be achieved ahead of the 2015 target.
However, as an open economy reliant on international trade, Malaysia remains vulnerable to external economic shocks.
An interim country partnership strategy outlines the resumption of ADB operations in Malaysia, and supports the implementation of the Tenth Malaysia Plan, 2011-2015.