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30 EXIM BANK MALAYSIA
Annual Report 2020

PROVIDING A LIFELINE FOR BUSINESS CONTINUITY

The disruption on global socioeconomic systems rendered
2020 an infamous year for business. The pandemic
outbreak curtailed international trade as borders were
closed and economic activities restricted to curb the
spread of the COVID-19 virus. The unprecedented
situation led to a sharp global GDP contraction
comparable to the 1930’s Great Depression.

Malaysia’s situation was no different with our economy
contracting by a record 5.6% in 2020. The Movement
Control Order (MCO) in March 2020, followed by renewed
restrictions between October and December last year
contributed largely to the dismal performance. The three
biggest decliners were the construction, mining and
services sectors – contracting by -19.4%, -10% and -5.5%
respectively. Numerous fiscal and non-fiscal stimulus
measures were introduced by the Government to help
businesses survive. These included the PRIHATIN package
of RM250 billion in March 2020, the PRIHATIN SME+ package
of RM10 billion in April 2020, the PENJANA package of RM35
billion in June 2020, as well as the KITA PRIHATIN package
of RM10 billion. On 6 November, a National Supply Chain
Finance Platform, dubbed ‘JanaNiaga’, was announced for
small and medium enterprises (SMEs) that supply to the
government or government-linked companies (GLCs).

Export-Import Bank of Malaysia (EXIM Bank) was
mandated to spearhead the JanaNiaga platform, and
this we are steering ably towards assisting SMEs
with cash flow issues and facilitating their loans from
financial institutions. Through JanaNiaga, the Bank aims
to play its role in mitigating the economic impact of the
pandemic by helping SMEs build resilience, provide
employment and sustain ongoing operations through this
challenging period.

MESSAGE FROM THE

PRESIDENT/CHIEF

EXECUTIVE OFFICER