“Multilateral institutions” should not try to impose “one-pill-cures-all” solutions on the countries they are advising, the governor of Bank Negara Malaysia (BNM) warned today (July 24).

Muhammad Ibrahim told an audience in Kuala Lumpur that such institutions possess a “great breadth” of knowledge that helps them give useful advice. “But there is no such thing as a ‘one-pill-cures-all’ remedy,” he said. “Instead, tailored policy responses are essential, given the unique and diverse nature of