Involvement in Malaysia's Economic Development
Starting from the mid 1960s, with the support of the then Prime Ministers Tunku Abdul Rahman and Tun Abdul Razak, several initiatives launched to increase and expand Malaysia's economic growth. Several of these initiatives were led by Razaleigh. These initiatives were major corporate takeovers of foreign congomelerates and major industries which was previously owned by foreign shareholders respectively.
Due to his excellent drive and contribution to the country’s economy, and his strong economics and finance background, he was entrusted to manage the country’s finance and was made the Finance Minister in 1976, Chairman of Asian Development Bank in 1976, Islamic Development Bank in 1978, IBRD (World Bank) and IMF in 1977.
Read more about this topic: Tengku Razaleigh Hamzah
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