KUALA LUMPUR: Malaysia has called upon the International Monetary Fund (IMF) and World Trade Organisation (WTO) to reform the global financial architecture to support free trade without discrimination against smaller nations, said Prime Minister Datuk Seri Anwar Ibrahim. Speaking at the Dewan Rakyat during the Minister’s Question Time (MQT), Anwar said the matter was raised in various meetings and dialogues during the APEC Economic Leaders’ Week (AELW) in Peru, the G20 Summit in Brazil, and the Extraordinary Arab and Islamic Summit in Riyadh, Saudi Arabia that he had attended recently.
According to BERNAMA News Agency, Anwar highlighted the rise of protectionism, even among G20 nations that were originally proponents of free trade principles. This prompted Malaysia to propose that the IMF undertake reforms to the global financial architecture and for the WTO to support free trade without discrimination of smaller nations. Anwar, who is also the Finance Minister, was responding to a question from Dr. Mohammed
Taufiq Johari (PH-Sungai Petani) regarding the key issues discussed at the AELW and the G20 and their benefits to Malaysia.
The Prime Minister emphasised that while Malaysia is not a G20 member, the nation was invited to give its views on several issues, reflecting the country’s active engagement in global discussions. Among the issues discussed were addressing hunger and eradicating poverty, followed by combating corruption. Anwar mentioned that Malaysia was asked to lend its support, and a committee, which will be set up, will consider Malaysia’s role, even though the nation is not yet a G20 member.
Anwar returned to Malaysia after a 10-day visit to Egypt, Saudi Arabia, Peru, and Brazil from November 9-19. During this trip, he attended the AELW in Lima, Peru, marking his first visit to Latin America as Prime Minister. This was followed by an official visit to Brazil, where Malaysia participated as a guest nation at the G20 Summit, along with 16 other nations including Chile, Qatar, Egypt, Singapore, Spain
, the United Arab Emirates, and Vietnam, at the invitation of Brazilian President Luiz Inácio Lula da Silva.