"Malaysia will provide the necessary financial contribution towards the search effort and match Australia's commitment," Malaysia's Transport Minister Liow Tiong Lai said.
Lai met with Australia's Deputy Prime Minister Warren Truss and China's Deputy Transport Minister He Jianzhong in Canberra to discuss the progress in the search for the plane.
Flight MH370 with 239 people onboard disappeared en route from Kuala Lumpur to Beijing on March 8.
The plane is believed to have plunged in the southern Indian Ocean.
DPA