Republic of Madagascar: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria

January 8, 2007

Preview Citation

Format: Chicago

Republic of Madagascar: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

The staff report for the First Review Under the Three-Year Arrangement for the Republic of Madagascar reviews economic and financial policies. The 2007 economic program is designed to sustain growth, promote fiscal consolidation, and reduce poverty while keeping inflation to single digits and reducing the economy’s vulnerability to shocks. Central bank interventions will be limited to smoothing large variations in the exchange rate and meeting the program’s foreign reserve target. Planned spending reductions should offset any shortfall in revenues, which would allow the domestic financing target to be met.

Subject: Banking, Budget planning and preparation, Expenditure, Public financial management (PFM), Revenue administration, Tariffs, Taxes

Keywords: Africa, Authority, Budget planning and preparation, CR, Global, Inflation objective, ISCR, PRGF loan, Revenue shortfall, Revenue target, Southern Africa, Staff appraisal, Tariffs, Tax arrears

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/007
Stock No:

1MDGEA2007001
ISBN:

9781451825411
ISSN:

1934-7685

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