The IMF staff report for the 2013 Article IV Consultation focuses on Malaysiaas economic developments and policies. The IMF report discusses that continued growth in domestic demand, especially investment, and a pickup in external demand should help maintain robust growth going forward despite the fiscal tightening. Amidst concerns about Malaysiaas public finances and sharp narrowing of the external surplus in springasummer of 2013, authorities have taken timely action to secure fiscal sustainability and assure markets. It suggests that authoritiesa decisions in 2013 are close to a fiscal policy breakthrough aiming to contain federal debt and related fiscal risks.However, BNM issued an industry consultation paper in January 2014 proposing a new reference rate to replace the BLR. The proposed new reference rateisdesigned to reflect each financial institutiona#39;s funding costs, enhancing transparencyanbsp;...
|Title||:||Malaysia: 2013 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Malaysia|
|Author||:||International Monetary Fund. Asia and Pacific Dept|
|Publisher||:||International Monetary Fund - 2014-03-18|