KUALA LUMPUR: Finance Minister II Datuk Seri Amir Hamzah Azizan held engagement sessions with credit ratings agencies Standard and Poors (S&P), Moody's, and Fitch on the sidelines of this year's International Monetary Fund (IMF) and World Bank Group (WBG)  Spring Meet.

Amir Hamzah led the Malaysian delegation to the meet held in Washington D.C. between April 17 to April 19, 2024.

The Ministry of Finance (MoF)  in a statement today said Amir Hamzah also met with heads of delegations from different countries to exchange views on economic developments of both the country and the global economy, through scheduled bilateral meetings.

He also met with senior officials of IMF and WBG to discuss the direction of programmes and activities implemented under Malaysia's cooperation with IMF and WBG.

The MoF said Malaysia's participation in the IMF and WBG Spring Meetings is important in line with the country's continued commitment to promote shared growth, especially in regional and global economic development.

MoF said the meeting served as a platform to discuss bilateral and multilateral relations between Malaysia, WBG, and IMF as well as other member countries.

Member countries shared the implementation of their respective national strategies and policies in addressing current issues surrounding the global economy and finance during plenary sessions and discussion sessions at the Meeting on Coalition of Finance Ministers for Climate Action (CFMCA).

"In welcoming the global climate change mitigation efforts, Malaysia aims to achieve a balance through the implementation of appropriate fuel pricing mechanisms to encourage more efficient energy use and transition to renewable energy sources, while taking into account the socio-economic impact on its people.

"This approach aligns with Malaysia's commitment to reducing greenhouse gas emissions and promoting sustainable practices without burdening its people," the MoF said.

https://www.nst.com.my/business/corporate/2024/04/1039510/amir-hamzah-held-engagement-sessions-global-credit-ratings