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Malaysia

The New ASEAN Green Bonds Standards

Ashraf Arshad's picture
The ASEAN Green Bonds Standards are a big step forward towards more green investments in the region. Photo: bigstock/jamesteoh


Climate change poses a significant threat to the economic development of countries around the world. The World Bank estimates that up to a 100 million poor people could be pushed back into poverty by 2030 as a result of climate changein part due to a combination of higher agricultural prices and threats to food security and health – especially in the poorer parts of the world. The Paris Agreement and the 2030 Sustainable Development Goals (SDGs) have provided commitments to tackle the most urgent of these environmental challenges.

Improving access to finance for SMEs in Tanzania: Learning from Malaysia’s experience

Djauhari Sitorus's picture
Malaysia’s experience in addressing access to finance for SMEs has been successful, serving as a learning point for countries like Tanzania. Photo: Samuel Goh/World Bank
Tanzania is set towards becoming a middle-income country as the economy grew by an average of 6.5% per year in the past decade. The “Tanzania Development Vision (TDV) 2025” highlighted small and medium-sized enterprises (SME) sector as one important contributor to the country’s long-term development. It is estimated that Tanzania’s SME sector consists of more than 3 million enterprises which contribute to 27% of overall GDP.  Most of them are in the agricultural sector, and more than half are owned by women.  

Việt Nam nghiên cứu kinh nghiệm Ma-lai-xi-a về xây dựng nhà nước kiến tạo

Jana Kunicova's picture
Also available in: English
Photo: Sasin Tipchai/bigstock


Khát vọng của Việt Nam là trở thành một quốc gia thịnh vượng, sáng tạo, công bằng, và dân chủ vào năm 2035. Muốn đạt được mục tiêu đầy tham vọng này thì Việt Nam cần chuyển đổi nhiều lĩnh vực cả về kinh tế, xã hội, và chính trị.

Cốt lõi của quá trình chuyển đổi này là việc xác định lại vai trò của nhà nước trong quản lý kinh tế. Trong quá trình thích nghi với vai trò quản trị kinh tế, nhà nước phải trở thành một nhà kiến tạo khôn khéo nhằm phát triển ba mối quan hệ: giữa các cơ quan nhà nước với nhau, giữa nhà nước với thị trường, và giữa nhà nước với người dân.

Cách đây chưa lâu, Ma-lai-xi-a cũng trải qua quá trình tương tự như Việt Nam hiện nay, với việc thực hiện một quá trình chuyển đổi trên nhiều lĩnh vực. Năm 2009 Ma-lai-xi-a bắt đầu thực hiện Chương trình cải cách quốc gia (National Transformation Program – NTP) tập trung vào hai lĩnh vực cải cách chính phủ và cải cách kinh tế. Ma-lai-xi-a đã áp dụng nhiều thực tiễn tốt nhằm đơn giản hoá quản lý nhà nước, giúp các doanh nghiệp tương tác dễ dàng hơn với nhà nước.

The role of development financial institutions in the new millennium

José de Luna-Martínez's picture
Around the world, development financial institutions help to promote economic growth, support social development and alleviate poverty.
Photo: bigstock/Elena Larina
Are national development financial institutions (DFIs) still relevant? What are the critical factors that make these institutions succeed? What are concrete examples of sound, well-administered and innovative DFIs? Why do they still remain in business in countries with large and sophisticated financial systems? How can we assess their economic and social impact? Have our views on DFIs evolved in the past decades?
 

Malaysia: Does counting GDP count when it comes to development?

Richard Record's picture
Photo: Bigstock/Amlan Mathur

The recent debate on whether it makes more sense to measure Gross Domestic Product (GDP) in Ringgit or in Dollars is a healthy one. It reflects a sound interest by many segments of Malaysian society in statistics that measure economic development and how it changes people’s living standards. This is the fundamental question: what does GDP really mean in the daily life of Malaysians. There are sound arguments on both sides and, in a way, both are right, depending on what perspective is taken.

How Islamic finance is helping fuel Malaysia’s green growth

Victoria Kwakwa's picture
Photo: bigstock/ f9photos

Income growth is not the sole aim of economic development. An equally important, albeit harder to quantify objective is a sense of progress for the entire community, and a confidence that prosperity is sustainable and shared equitably across society for the long term.  

Transforming microfinance through digital technology in Malaysia

Djauhari Sitorus's picture
Dato’ Seri Dr. Ahmad Zahid Hamidi, Deputy Prime Minister of Malaysia, launching the Virtual Teller Machine (VTM) at the National Savings Bank. Digital technologies such as the VTM are now changing the way microfinance works. Photo: The Star

Competitive Cities: A Game Changer for Malaysia

Judy Baker's picture
Photo: mozakim/bigstock


As an upper-middle income country with a majority of its population living in cities, Malaysia is situated among the countries that prove urbanization is key to achieving high-income status. Asking “How can we benefit further from urbanization?” Malaysian policymakers have identified competitive cities as a game changer in the 11th Malaysia Plan. To this end, the World Bank has worked with the government to better understand issues of urbanization and formulate strategies for strengthening the role of cities through the report, “Achieving a System of Competitive Cities in Malaysia.”

While Malaysia’s cities feature strong growth, low poverty rates, and wide coverage of basic services and amenities, challenges still remain. 

Its larger cities are characterized by urban sprawl, particularly in Kuala Lumpur, where population density is low for an Asian metropolis. This inefficient urban form results in high transport costs and negative environmental impacts. This is matched by low economic density, indicating Malaysia’s cities can do better in maximizing the economic benefits from urban agglomeration.  



A second challenge hampering Malaysia’s cities is the highly centralized approach to urban management and service delivery, a system that impedes the local level, and obstructs service delivery and effective implementation of urban and spatial plans.

Third is a growing recognition of the importance of promoting social inclusion to ensure that the benefits of urbanization are widely shared.

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