Malaysia legislation
Section 70
Section 70
Government, the Bank—
(2)
The Bank, where it is appropriate and consistent with its objects and the provisions of this Act and if it is within its competence and expertise—
(a)
shall, upon request by the Government or where the Bank considers it necessary in the interest of the economy, advise the Government on economic matters;
(b)
may, upon request of the Government, act as a member of any committee affecting economic matters in Malaysia;
(c)
may, upon request of the Government, represent the
Government as its agent in all dealings, negotiations or transactions relating to monetary, financial, banking, currency or economic matters with any government or authorities outside Malaysia to which the Government has adhered or given support or approval; or
(d)
may act generally as agent to the Government on such terms and conditions to be agreed between the Bank and the Government.
Temporary financing to Government