Malaysia and ADB
In the Spotlight
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.
Malaysia is a middle-income country with a record of strong economic performance and poverty reduction. It has largely achieved its Millennium Development Goals for income, poverty, primary education, gender, and health well ahead of the 2015 target.
ADB aims to establish a role consistent with Malaysia’s middle-income status and development programs, combining nonsovereign operations and reimbursable technical assistance modalities to support the country's efforts toward a business-friendly environment.