 | |
 Kuala Lumpur | |
.svg) Malaysia in Southeast Asia | |
| Established | March 7, 1958 |
|---|---|
| Type | World Bank Group Member |
| Purpose | Economic & Financial Development |
| Headquarters | Kuala Lumpur |
| Services | Guide Financial and Economic Development |
Malaysia's independence in 1957 was a catalyst for growth. As the nation took charge of managing its own affairs, it continued to develop the goals and means necessary for a financial structure conducive to the economic growth observed today. Critical to the transition of Malaysia from a low-income country to one of high-income status has been the expansion of its economy. From a commodity and agricultural-based economy, the Southeast Asian nation is transitioning to a leading exporter of more complex goods. As the nation opens up to trade and investment, the World Bank and the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) continue to assist with its development.