The International Monetary Fund (IMF) has praised Malaysia's continued efforts to strengthen the economy.
These reforms include the introduction of the Public Finance and Fiscal Responsibility Act and adjustments to electricity and diesel subsidies.
The IMF stressed that these changes not only improve financial management but also lay a solid foundation for the country's long-term economic health.
It also encouraged Malaysia to move faster with its reforms to ensure the economy remains strong and inclusive, especially with the uncertainties in the global landscape.
The IMF praised the Madani government's economic framework, saying it focuses on the right areas to increase resilience.
Malaysia's economic growth is expected to be robust in 2024, driven by strong domestic and international demand.
However, the IMF forecasts that growth may slow slightly from 5% in 2024 to 4.7% in 2025.
This is mainly due to slower investment growth and global challenges.
