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Amir Hamzah leads delegation to meeting with investors in New York

Publish date: Mon, 15 Apr 2024, 11:15 PM

KUALA LUMPUR (April 15): Finance Minister II Datuk Seri Amir Hamzah Azizan is leading the Malaysian delegation to a meeting with investors in New York from Sunday on Tuesday.

The Ministry of Finance in a statement said the meeting is being held in conjunction with Amir Hamzah's presence at the Spring Meetings of the International Monetary Fund and the World Bank Group in 2024 in Washington, DC from Wednesday to Friday.

"Investors show a high interest in understanding the fundamentals and potential of the Malaysian economy, as well as the progress of implementing the Madani economic reform agenda.

"The investment confidence is stronger following the fiscal reforms implemented by the government, including reducing the deficit, the Public Finance and Fiscal Responsibility Act, and targeted subsidies such as electricity and water," the statement read.

The meeting and dialogue session with financial and capital market investors are being held to provide explanations regarding the current economic position and the government's plan to further strengthen the country's finances, and to facilitate investment.

"The meeting with international investors such as fund managers and investment banks will also explain the direction of the implementation of the Madani Economic Framework."

Amir Hamzah already held an engagement session with investors on Monday. In another engagement session with investors scheduled for Tuesday in New York, he is expected to meet with 50 global investors from various industries and businesses in the US.

These engagement sessions are important for providing explanations on the development of the government's key policies, including fiscal reforms to ensure fiscal and national debt sustainability, according to the statement.

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