World Bank: M’sia needs faster structural reforms

PETALING JAYA: Malaysia’s mid-term outlook will depend on how quick the country can implement its structural reforms, which are to “make the next step up the income ladder from upper-middle to high-income economy,” according to a World Bank report yesterday.

“For Malaysia to reach its ambition of becoming a developed nation by 2020, the World Bank argued that the strategy consists of efforts to specialise the economy further, improve the skills of its workforce, make growth more inclusive and strengthen public finances,” it said.