Republic of Madagascar: Request for Disbursement Under the Rapid Credit Facility

July 2, 2014

Preview Citation

Format: Chicago

Republic of Madagascar: Request for Disbursement Under the Rapid Credit Facility, (USA: International Monetary Fund, 2014) accessed December 22, 2024

Also available in: français

Summary

This paper focuses on Madagascar’s Request for Disbursement Under the Rapid Credit Facility (RCF). The Malagasy authorities managed to avert a macroeconomic crisis during a difficult period of political transition and economic uncertainty since 2009. However, these disruptions have constrained growth and fiscal revenue, leading to a sharp compression of public investment and social outlays. The authorities are requesting a disbursement under the RCF. They also see the RCF as a stepping stone for a possible future arrangement addressing Madagascar’s medium-term challenges and as a positive signal to development partners. The IMF staff supports the authorities’ request for a disbursement under the RCF.

Subject: Arrears, External debt, Public and publicly-guaranteed external debt, Public debt, Revenue administration

Keywords: Arrears, CR, Customs revenue administration, Debt, Government, ISCR, Malagasy economy, Public and publicly-guaranteed external debt, RCF disbursement, RCF financing, Reform strategy, Southern Africa

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/181
Stock No:

1MDGEA2014001
ISBN:

9781498333832
ISSN:

1934-7685

Notes

Also available in French

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