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Ridding Malaysia of corruption is key to boosting productivity, says IMF's Lagarde

( June 24, 2019, 04:35 GMT | Official Statement) -- MLex Summary: Tackling corruption is one of the key challenges Malaysia must overcome to help boost productivity, the head of the International Monetary Fund said today. "When corruption becomes institutionalized, it poisons the ability of a nation to attract investors and create jobs," said Christine Lagarde, speaking at the University of Malaya in Kuala Lumpur. Lagarde welcomed recent efforts including the establishment of the National Center for Governance Integrity and Anti-Corruption and publishing a national anticorruption plan, but she warned that results will depend on how these reforms are implemented.The full speech given by Christine Lagarde, Managing Director of the International Monetary Fund, follows. ...

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