Madagascar: Third Review Under the Poverty Reduction and Growth Facility

July 3, 2003

Preview Citation

Format: Chicago

Madagascar: Third Review Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that the crisis has undermined the timely achievement of the program, requiring the government to redouble its efforts. They welcomed the 2003 budget and stressed the need for strengthening fiscal and monetary policies and accelerating structural reforms. They urged the need to address the problems of inefficiency and corruption in the public administration. They emphasized the need to decisively implement the strategy, and successfully complete the third review under the PRGF arrangement.

Subject: Asset and liability management, Banking, Debt relief, Expenditure, Exports, Foreign exchange, International trade, Public debt

Keywords: CR, Currency conversion, Debt relief, Exports, Information campaign, ISCR, Joint staff assessment, PRGF arrangement, PRGF loan, Price data, Southern Africa, Two-step approach

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/203
Stock No:

1MDGEA0032003
ISBN:

9781451825305
ISSN:

1934-7685

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