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Wednesday, August 19, 2015

Keep public institutions free to improve economy, urges G25

Malaysia owes it to itself to correct whatever economic woe it is facing, says the group of Malay civil servants known as G25. – The Malaysian Insider file pic, August 19, 2015. Malaysia owes it to itself to correct whatever economic woe it is facing, says the group of Malay civil servants known as G25. – The Malaysian Insider file pic, August 19, 2015. 
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.
"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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