Vice-president for East Asia and Pacific, Victoria Kwakwa, in a statement, said Malaysia’s economy was well diversified and stood on solid foundations, which were primed to take the country to the next level.
“We welcome the government’s efforts as part of this process to strengthen institutions, develop human capital and protect the vulnerable in the society. The World Bank Group stands ready to support Malaysia during this important transition process,” she said.
Kwakwa concluded an official four-day visit to Malaysia on Monday during which she met Prime Minister Dr Mahathir Mohamad, Finance Minister Lim Guan Eng and Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus.
The World Bank senior official and her delegation also met Deputy Yang Di-Pertuan Agong Sultan Nazrin Muizzuddin Shah with whom they exchanged ideas about development trends in Malaysia and the wider region.
These trends include the rising significance of the digital economy and skills development for future competitiveness in all countries in the region.