Republic of Madagascar: Ex Post Assessment of Longer-Term Program Engagement
IMF Staff Country Reports, October 11, 2005
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- Republic of Madagascar: Ex Post Assessment of Longer-Term Program Engagement
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Bibliographic details
- Published: October 11, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825367.002
Summary and focus
- Discusses key findings of the Ex Post Assessment of Longer-Term Program Engagement for Madagascar.
- Focuses on performance during programs supported by:
- the 1989 Enhanced Structural Adjustment Facility program,
- the 1996 Enhanced Structural Adjustment Facility program,
- the 2001 Poverty Reduction and Growth Facility.
- Notes that, despite nearly continuous involvement by the IMF, other international financial institutions, and bilateral donors, economic progress has been slow.
- States that only the most recent years have witnessed inroads into poverty reduction of some significance.
- Concludes that the country’s growth base remains narrow, and its institutional framework and governance weak.
Major themes and issues identified
- Poverty and poverty reduction:
- Recent years show some significant inroads into poverty reduction.
- Overall progress on poverty has been slow over the program period.
- Growth and structural characteristics:
- Growth base described as narrow.
- Structural reforms and reform effort are recurring themes.
- Institutional and governance capacity:
- Institutional framework and governance are characterized as weak.
- Implementation capacity and government ownership are highlighted issues.
- Macroeconomic and public finance areas:
- Macroeconomic policy and Public financial management (PFM) are core subjects.
- Revenue administration and tax capacity are implied priorities.
- Financial sector and exchange rate:
- Banking system and exchange rate appear among keywords of concern.
Subjects and keywords (as listed)
- Subjects: Civil service reform, Labor, Macrostructural analysis, Poverty, Poverty reduction, Public financial management (PFM), Revenue administration, Structural reforms
- Keywords: banking system, Civil service reform, CR, economic growth, exchange rate, government ownership, implementation capacity, ISCR, macroeconomic policy, Poverty reduction, reform effort, Structural reforms, Sub-Saharan Africa