Improving the country's economy requires the government to keep public institutions such as Bank Negara Malaysia and the Malaysian Anti-Corruption Commission (MACC) free, says G25.
The group of retired Malay civil servants said Malaysia should not point fingers at outsiders for the country's economic woes, but should instead focus on strengthening its institutions.
"An improvement in institutional quality raises gross domestic product directly as well as promotes closer integration into the global economy, enabling the economy to benefit from international trade and foreign investment flows," the group said in a statement today.
It said the action taken against several MACC officers and moves to create doubts about the central bank undermined the institutions.
"In today's circumstances, Malaysia cannot blame external parties and owes it to itself to quickly correct the situation.
"An important aspect in any corrective action is to allow institutions to continue their work, even though results may not favour the government leadership," the group said.
- TMI
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