PM: Madani Economy Framework replaced SPV after taking into account local context

KUALA LUMPUR: Justifying the government’s move to replace the World Bank-endorsed Shared Prosperity Vision 2030 (SPV) with the Madani Economy Framework, Datuk Seri Anwar Ibrahim said the decision was made after taking into account the local context and economic factors.

The Prime Minister told the Dewan Rakyat on Monday (Oct 9) that while Malaysia benefitted from the views of the World Bank, there are shortcomings in terms of their understanding of local factors and values.