While participating in BRICS, Malaysia has voiced support for reviewing the IMF and World Bank, alongside views that the UN system is outdated and unfair.
1 report, 1 independent
Updated Sep 14
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What happened
While participating in BRICS, Malaysia has voiced support for reviewing the IMF and World Bank, alongside views that the UN system is outdated and unfair.
Who's involved
What this event is mainly aboutKeep exploring
Part of
BRICS, chaired during its 2026 tenure, demanded greater voice and structural reforms within the IMF and World Bank.Also in this story
- BRICS discussions highlighted the limitations of the bloc due to the Iran conflict and compared the size of its bank to the World Bank.
- BRICS calls for major reforms of Western financial institutions, with India acting as a brake on de-dollarization efforts.
- Narendra Modi, representing the Global South, led discussions advocating for systemic reform of international financial institutions like the World Bank and IMF during the BRICS summit.
- BRICS, along with Ethiopia, called for global financial architecture reform and backed bids to join the World Trade Organization.
The entities involved
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Malaysia
country in Southeast Asia
- Malaysia mandates government-controlled encryption keys, impacting major tech companies like Amazon, Microsoft, and Google.
- American International Group, Zurich Insurance, and Travel Guard are involved in the acquisition of a global personal travel insurance business, operating under Malaysian market conditions.
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
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International Monetary Fund
international financial institution
Related events
- Anwar Ibrahim, PM of Malaysia, discussed trilateral cooperation with Chinese leaders during a meeting in Beijing.
- Malaysia is adjusting its economic strategy, setting fiscal targets, and seeking non-Middle East sources amid the ongoing conflict.
- Australia introduced a gas-reservation bill, causing KOGAS to be angered by new contract rules, while Australia seeks to safeguard trade with China and Malaysia.
- Sarawak's economic transformation is being driven by cooperation with Malaysia.
- Malaysia and Myanmar agreed to strengthen bilateral relations and economic ties during a joint media conference in Kuala Lumpur.