What role do all ministries have in improving the ranking?

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All Ministries Must Play a Role in Enhancing Malaysia's Global Competitiveness Ranking

The Malaysian government has established a dedicated task force to elevate the nation's standing in the International Institute for Management Development (IMD) World Competitiveness Ranking, with the ambitious goal of reaching the top 12 by 2033. This initiative necessitates a comprehensive, whole-of-government approach, underscoring the critical responsibility of all ministries to actively contribute to improving the country's competitiveness. The task force, co-chaired by the Investment, Trade, and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz and Finance Minister II Datuk Seri Amir Hamzah Azizan, will coordinate these efforts and submit detailed plans to the Cabinet.
Task Force to Drive National Competitiveness Efforts

A high-level task force has been formally established with the express purpose of improving Malaysia's performance in the IMD World Competitiveness Ranking. This body is tasked with formulating and implementing strategies to elevate the nation's global standing. The co-chairs, Datuk Seri Tengku Zafrul Abdul Aziz and Datuk Seri Amir Hamzah Azizan, will lead this initiative, which aims to see Malaysia climb into the top 12 countries by 2033.
Ministries Required to Fulfill Specific Roles

The success of the task force and the broader objective of improving Malaysia's competitiveness hinges on the active participation and fulfillment of specific roles by each ministry. The principle of a "whole-of-government approach" means that all government bodies are expected to contribute to the identified areas needing improvement. This collaborative effort is essential as the competitiveness ranking encompasses various facets of national performance that fall under the purview of different ministries.
Comprehensive Plans to be Submitted to Cabinet

Following consultations with relevant agencies and a thorough assessment of the nation's strengths and weaknesses, the task force is committed to developing and presenting comprehensive plans to the Cabinet. These strategic proposals will outline the specific actions and initiatives required to address the factors influencing Malaysia's ranking in the IMD report. This process ensures that national strategies for enhancing competitiveness are aligned and endorsed at the highest governmental level.
Addressing a Decline in Rankings

Malaysia's position in the latest IMD World Competitiveness Ranking saw a notable drop, falling seven spots to 34th out of 67 economies. This decline underscores the urgency and importance of the government's new task force initiative. The task force's formation signifies a direct response to this shift, aiming to reverse the trend and proactively enhance the nation's overall competitive landscape.

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What role do all ministries have in improving the ranking?

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