MOF: Investors more confident following fiscal reform

KUALA LUMPUR: Fiscal reforms implemented by the government have further strengthened investors’ confidence in Malaysia, according to the Ministry of F...

: Fiscal reforms implemented by the government have further strengthened investors’ confidence in Malaysia, according to the Ministry of Finance .

In a post on MoF’s official social media site, ‘X’ today, the ministry highlighted several reforms implemented by the government, including deficit reduction, targeted subsidies, and the Public Finance and Fiscal Responsibility Act 2023. According to the ministry, Finance Minister II Datuk Seri Amir Hamzah Azizan, who led the Malaysian delegation to New York, United States from April 14-16, has engaged with international investors, fund managers and investment bankers to discuss Malaysia’s current economic position and the government’s plans.

The meeting with investors was held in conjunction with Amir Hamzah’s attendance at the 2024 Spring Meetings of the International Monetary Fund and World Bank Group in Washington DC, US from April 17-19. On April 16, the minister met with 50 global investors from various industries and businesses, where he gave a briefing on the development of the government’s key policies, including fiscal reforms to ensure fiscal and national debt sustainability.

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