Asian Development Bank and Malaysia: Fact Sheet
Improving competitiveness and becoming more innovative are potential new growth anchors for Malaysia, with partnerships for capacity development and institutional strengthening as well as other knowledge initiatives.
From an economy dominated by the international trade of raw natural resources, Malaysia has diversified its exports to include electrical appliances, electronic parts and components, palm oil, and natural gas. More recent efforts have focused on improving competitiveness. The country ranked 27th in the Global Competitiveness Index for 2019. In the same report for 2020, Malaysia was among the top 10 advanced countries on digital transformation.
ADB will continue to contribute to Malaysia’s development programs as the country recovers from the impacts of the COVID-19 pandemic.
Updated yearly, this ADB Fact Sheet provides concise information on ADB's operations in the country and contact information.