When will the new medium to long term economic recovery plan be presented?

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The Medium to Long Term Economic Recovery Plan Will Be Presented in October

The medium to long term economic recovery plan, which will outline guidelines for the nation's future economic growth and sustainability, is scheduled for presentation in October. This comprehensive plan will address several reform measures, including a re-evaluation of the roles played by both public and private sectors in spearheading Malaysia's development.
Key Focus Areas for Reform

Datuk Seri Mustapa Mohamed, Minister in the Prime Minister’s Department (Economy), indicated that the upcoming economic plan will delve into critical aspects such as the future of the workforce, labour market dynamics, and the promotion of quality investments. The digital economy is also a significant component of the reform processes that will be examined within this plan.
Complementary Economic Documents

In addition to the medium to long term economic recovery plan, the government is set to unveil other significant policy documents. The 2021 Budget is slated for announcement on November 6, followed by the 12th Malaysia Plan (MP) which is expected in the first quarter of 2021. These documents collectively aim to provide a roadmap for the country's economic trajectory.
Facilitation Fund to Spur Private Investment

To encourage broader sector reform and enhance private sector involvement, the government has previously established a RM20 billion Facilitation Fund under the 10th and 11th Malaysia Plans. This fund is designed to boost private investment in nationally strategic areas, with RM5 billion allocated for land acquisition and the remaining RM15 billion serving as a catalyst to assist private sector project financing. The fund aims to bridge viability gaps for projects with strategic impact and significant economic spillover effects.

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When will the new medium to long term economic recovery plan be presented?

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