KUALA LUMPUR: The Finance Ministry has formed an inter-agency economic stimulus implementation and coordinating unit (LAKSANA) to monitor the implementation of the 2020 economic stimulus package (ESP 2020).
Minister Tengku Datuk Seri Zafrul Aziz said LAKSANA will present occasional reports to the Economic Action Council (EAC) on the status of implementation and achievement of economic stimulus initiatives.
“I believe the setting up of this unit will ensure that the ESP 2020 initiatives as well as further initiatives are properly implemented in the near future so that the nation’s economy remains strong and the people’s wellbeing safeguarded,” he said in a statement today.
He noted that the weekly EAC meetings chaired by Prime Minister Tan Sri Muhyiddin Yassin will monitor current economic developments and consider additional measures as well as improvements to ESP 2020.
LAKSANA will therefore also play a role in ensuring the implementation of new measures and improvements to the ESP 2020, he said.
“The government is committed to ensuring that all the initiatives announced in the ESP 2020 can be implemented immediately and effectively,” he added.
The RM20 bil ESP 2020 announced on Feb 27 was formulated to minimise the adverse economic impact of the COVID-19 outbreak, while the initiatives are aimed at ensuring the people’s safety, health and wellbeing. – March 16, 2020, Bernama
