economy

OECD's Malaysia Economic Survey 2024 findings will be used to draft 13th Malaysia Plan - Rafizi

PUTRAJAYA:  The findings of the Malaysia Economic Survey 2024 by the Organisation for Economic Co-operation and Development (OECD) will be used to draft the 13th Malaysia Plan (13MP), according to Economy Minister Rafizi Ramli.

He said it will also be used to formulate specific policies and programmes in sectors involving micro, small, and medium enterprises (MSMEs).

"During preliminary discussions with the OECD last year, the Economy Ministry indeed requested that the sector be studied in depth, including by comparing policies and practices in other countries, which is related to MSMEs."

"These findings will certainly be used to draft, firstly, the 13th Malaysia Plan, which is currently being implemented, and secondly, to formulate specific policies and programmes in sectors involving MSMEs," he told reporters after the launch of the OECD's Malaysia Economic Survey 2024 here today.

Rafizi said the findings involving other sectors, such as climate change and fiscal strengthening, already have programmes that were announced previously.

He said that for issues related to climate change, it is included in the National Energy Transition Roadmap (NETR), while fiscal strengthening has already been discussed.

On Malaysia's steps in addressing the issue of an ageing population, Rafizi said the ministry has prepared the National Ageing Blueprint.

He said that his ministry has completed the entire report and the plan, developed in collaboration with the World Bank.

Rafizi added that it will be presented at the National Economic Action Council (NEAC) in November and will be one of the main focuses in 13MP.

"After we receive approval and have a thorough discussion at the government level following its presentation at the NEAC in November, we hope to present the aging nation framework to the public."

"This is because the overall discussion regarding our country's position and the projections of an aging nation need to be understood by the public as a whole," he said.

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