World Bank welcomes overall stance of Budget 2021

  • Economy
  • Sunday, 08 Nov 2020

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.

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