World Bank welcomes overall stance of Budget 2021


World Bank lead economist Richard Record said Malaysia’s economy continues to be based on sound fundamentals and the country has the necessary depth in resources and competitive advantages to emerge stronger from the crisis.

KUALA LUMPUR: World Bank welcomes the overall stance of the Budget 2021 proposals and recognise the need to continue providing support to lives and livelihoods during a period when Malaysians, especially those in the B40, are under enormous stress.

Its lead economist Richard Record said in a statement this is the right time to sustain a counter-cyclical stance until a recovery is underway.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Malaysia's GDP growth moderates to 4.4% in 1Q, in line with estimates
China's CATL raises $4.6 billion in Hong Kong listing, term sheet shows
Singapore's April exports rise 12.4% y-o-y, significantly higher than forecast
Ringgit continues to improve ahead of Malaysia's 1Q GDP announcement
FBM KLCI edges higher as investors await buying leads
Japan's economy shrinks as US tariff hit looms
Trading ideas: Aneka, Fibromat, Aemulus, Bintai, BTM, LBS, Velesto, PJBumi, Dialog, 99 Speed, Samchem, Keyfield, Swift, PBA
Oil settles down on US-Iran nuclear deal hopes
Wall St ends mixed as Cisco rallies, UnitedHealth tumbles
MSCI removes six stocks following latest review

Others Also Read