KUALA LUMPUR – Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz has urged development financial institutions (DFIs) to provide their full support to the country during the recovery period, particularly as the objective of DFIs is to help develop the people’s socio-economic well-being.
He said in formulating Malaysia’s economic recovery strategy, the Finance Ministry (MoF) sees DFIs as having a strategic and important role to play in the country’s efforts to restore and retain the capacity of businesses to provide employment opportunities and support livelihoods.
In a statement today, Tengku Zafrul said this is also in line with the spirit of #KeluargaMalaysia.
“Urgent support – for example in terms of financing – is required to prevent long-term economic scarring, particularly for micro, small and medium enterprises in strategic sectors, including tourism, retail, agriculture, infrastructure, maritime and export, as well as high-technology and capital intensive industries.
“DFIs are, therefore, requested to formulate practical solutions, such as more accommodative financing criteria, to enable businesses to get back on their feet and restart operations as soon as possible,” he said.
The proposal will also be further examined in preparation for Budget 2022, he added. – Bernama, September 6, 2021
