KUALA LUMPUR: The Madani Economy policy plan requires determination and implementation to free Malaysia from the middle-income trap and head towards a high-income country, said Bank Negara Malaysia (BNM).
Governor Datuk Abdul Rasheed Abdul Ghaffour said the Malaysian economy is at a crossroads, and today's economic and financial policies will determine the direction and trajectory of the country's development in the future.
"BNM aims is to develop a progressive, robust, transparent and responsible financial sector and be able to contribute to more fair, equal, meaningful and inclusive progress for the people of this country," he added. He added that social finance emphasises creating a positive social impact apart from financial returns.
The governor explained that iTekad has mobilised more than RM40 million in social finance funds so far and has provided significant benefits to its participants.
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