Prime Minister Anwar Ibrahim asserted that national resilience against global economic shocks depends on sound and coordinated policies. Speaking at a G20 summit session, he explained that predictable regulations help economies absorb volatility with less damage, a lesson reinforced by Malaysia's role as ASEAN chair. He warned that future disruptions, particularly from artificial intelligence, could rapidly reorganize labor markets.
Anwar outlined three necessary approaches: equipping populations with training and safety nets, maintaining open international trade, and addressing the debt burdens that hinder investment in developing nations. He advocated for stronger support from multilateral development banks to help countries prepare for the coming challenges. Malaysia, he stated, is prepared to collaborate with all partners to sustain a predictable global economy.
Anwar outlined three necessary approaches: equipping populations with training and safety nets, maintaining open international trade, and addressing the debt burdens that hinder investment in developing nations. He advocated for stronger support from multilateral development banks to help countries prepare for the coming challenges. Malaysia, he stated, is prepared to collaborate with all partners to sustain a predictable global economy.
