Republic of Madagascar: Fourth Review Under the Poverty Reduction and Growth Facility and Requests for Extension of the Arrangement and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

March 30, 2004

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Republic of Madagascar: Fourth Review Under the Poverty Reduction and Growth Facility and Requests for Extension of the Arrangement and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries, (USA: International Monetary Fund, 2004) accessed November 22, 2024

Summary

Madagascar showed strong economic growth and low inflation under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended these developments, and stressed the need to restore fiscal discipline, improve governance, strengthen the business climate to encourage private investment, and accelerate structural reforms. They welcomed the plan to privatize and rehabilitate the telecom, cotton, sugar, and utility companies, and agreed that Madagascar has successfully completed the fourth review under the PRGF program, and approved waiver, additional interim assistance, and an extension of the arrangement.

Subject: Banking, Credit, Expenditure, Exports, International trade, Poverty, Poverty reduction strategy, Public debt, Tariffs, Taxes

Keywords: Africa, CR, Cyclone Gafilo, East Africa, Exports, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, SDR, Southern Africa, Staffs assessment, Tariff relief law, Tariffs, Vanilla export

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/091
Stock No:

1MDGEA0022004
ISBN:

9781451825299
ISSN:

1934-7685

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