Williams says that while the idea of a contingency fund is appealing as a defence against unexpected events, there is also a need to evaluate the cost-benefit considerations of its size, use and management.
THE government has to build a contingency fund to be used when faced with climate risks or other unexpected major events, especially after what happened during the Covid-19 pandemic, the Malaysian Rating Corp Bhd’s (MARC) has suggested.
It is a suggestion worth listening to. A fund like that will be vital when there is an urgent need for dispersal of financial aid or to support the economy.
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