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Tuesday, 9 May 2017 | MYT 2:19 PM

Idris Jala: Malaysia on track to achieving high-income nation status by 2020

KUALA LUMPUR: Malaysia's goal of achieving a high-income nation status by 2020 is still on track despite the challenges faced due to the current global economic climate, says Datuk Seri Idris Jala.

The Pemandu Associates chief executive officer Datuk Seri Idris Jala said Malaysia was merely 15% short of the Gross National Income (GNI) annual per capita criteria set by the World Bank in order to be a high-income nation.

"The country's GNI per capita was US$10,570 (RM45,890), just 15% short of the high-income threshold of US$12,475 (RM54,160) set by the World Bank in 2015.

"However, due to the global economic slowdown, the World Bank has not set the GNI for 2020 but lowered it for 58 countries over the last two years," he told reporters on Tuesday after the launching of the World Bank Group Report on Malaysia's Experience With Pemandu here.

He noted that the nation's resilient economy and the recent rebound in exports were positive factors.

Also present at the event was Chief Secretary to the Government Tan Sri Dr Ali Hamsa.

Tags / Keywords: Pemandu , High income nation , 2020 , Gross National Income , World Bank , Idirs Jala


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