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12MP MTR introduces policies, strategies, to achieve Madani economy aspirations

11 Sep 2023 12:19pm
Prime Minister Datuk Seri Anwar Ibrahim - FILE PIX
Prime Minister Datuk Seri Anwar Ibrahim - FILE PIX
KUALA LUMPUR - The 12th Malaysia Plan (12MP) Mid-Term Review (MTR) undertaken by the Unity Government is not a usual approach in assessing the country’s five-year development plan but instead encompasses new policies and strategies to address current challenges.

Prime Minister Datuk Seri Anwar Ibrahim said the 12MP MTR has been realigned with the aspiration and vision of the Madani Economy, which he presented on July 27, to boost Malaysia’s economy for a ten-year period and promote national development while enhancing the quality of life for the people.

"The nation is at a crossroads, whether to maintain old policies and strategies or to undertake reform. This reform must encompass a framework for improving governance, policy shifts, and introducing new strategies and approaches in line with current demands,” he said.

When tabling the 12MP MTR at the Dewan Rakyat today, the Prime Minister said that a clear and comprehensive shift is needed by the Unity Government, which he has led since December 2022, to bring Malaysia back on the right track of proper economic growth.

Anwar, who is also Finance Minister, said the new approaches and strategies are necessary following political instability and the COVID-19 pandemic which began in early 2020, which led to job losses, a decline in average economic growth and a decrease in foreign investment.
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