How will the task force raise Malaysia into the top 12 by 2033?

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Task Force to Focus on Comprehensive Plans for Competitiveness Enhancement

A dedicated task force has been established by the Malaysian government with the explicit aim of elevating the nation's standing in the IMD World Competitiveness Ranking to the top 12 by 2033. This initiative will be co-chaired by the Investment, Trade, and Industry Minister, Datuk Seri Tengku Zafrul Abdul Aziz, and the Finance Minister II, Datuk Seri Amir Hamzah Azizan. The task force is expected to present detailed strategies to the Cabinet, following consultations with relevant government agencies, to address areas identified for improvement in Malaysia's competitiveness.
Formation and Leadership of the Competitiveness Task Force

The Malaysian government has officially formed a task force tasked with significantly improving the country's performance in the IMD World Competitiveness Ranking. This high-level committee will be jointly led by Datuk Seri Tengku Zafrul Abdul Aziz, the Minister of Investment, Trade, and Industry, and Datuk Seri Amir Hamzah Azizan, the Minister of Finance II. Their leadership signifies the government's commitment to a coordinated, top-down approach to enhancing national competitiveness.
Ambitious Goal for Global Ranking

The primary objective set for this task force is to propel Malaysia into the top 12 countries globally in the IMD World Competitiveness Ranking by the year 2033. This ambitious target underscores a strategic long-term vision for Malaysia's economic and institutional performance on the international stage. The recent ranking saw Malaysia fall seven places to 34th out of 67 economies, highlighting the urgency and importance of this initiative.
Strategy of Comprehensive Planning and Agency Collaboration

The task force's operational strategy will involve developing and submitting comprehensive plans to the Cabinet. These plans will be formulated after thorough discussions and collaboration with various relevant government agencies. This approach acknowledges that improving national competitiveness requires a holistic, whole-of-government effort, with each ministry needing to contribute to specific areas of enhancement.
Acknowledging Areas for Improvement

Ministers involved have acknowledged that Malaysia faces several challenges impacting its competitiveness, some of which are within the government's direct control and others that are not. The formation of the task force and its mandate to develop comprehensive plans reflect a recognition of these existing gaps. The intention is to implement targeted actions across ministries to address these identified weaknesses and bolster the nation's overall competitive standing.

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How will the task force raise Malaysia into the top 12 by 2033?

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