Datuk Seri Najib Tun Razak (Bernama file pix)
KUALA LUMPUR, March 8 (Bernama) -- The latest recognition by the International Monetary Fund (IMF) once again proves that Malaysia's economic policies are effective and will continue to drive the country to success, Prime Minister Datuk Seri Najib Tun Razak said.
"The IMF report once again put Malaysia on the right track to achieve a high-income nation status and praises our resilience and strong economic performance."
"Our economic policies are effective and will continue to drive us to success!" he said in a Twitter post today.
The IMF has commended Malaysia for its strong and resilient economic performance, underpinned by accommodative monetary policy and gradual fiscal consolidation.
"In recent years, the economy has shown resilience and continued to perform well despite external shocks, while fiscal consolidation proceeded. Progress was made towards achieving high-income status and improving inclusion," it said.
Malaysia's economy expanded 5.9 per cent last year.