PM: Total reset in global institutions crucial to address wide gap in economic growth, income

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NEW YORK: A drastic, systemic reform and a total reset of the global institutions is crucial in addressing the wide gap between economic growth and in...

: A drastic, systemic reform and a total reset of the global institutions is crucial in addressing the wide gap between economic growth and income which leads to continuous disparity, said Prime Minister Datuk Seri Anwar IbrahimHe said if this is not addressed, the world would continue to face widening inequality setting apart nations and people.

Anwar also said that as the growth in incomes failed to match economic growth, households became burdened with debt. “The 2023 Sustainable Development Goals report has confirmed that we are falling behind with nearly a third of the targets either at the state of inertia or worse, regressing,” the prime minister stressed.

“Early this year, I introduced ‘Malaysia MADANI’ -- a vision built on the pillars of core values that we believe are indispensable in any harmonious thriving, and peaceful society -- Compassion, Respect, Trust, Innovation, Prosperity and Sustainability.

 

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