IMF Staff Country Reports

Republic of Madagascar: Second and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Madagascar

February 15, 2008

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Republic of Madagascar: Second and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Madagascar, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Also available in: français

Summary

There has been progress in strengthening public financial management; however, improving budget execution and strengthening public finances is required. The tax and custom administration reforms will help bolster private sector-led growth and meet the ambitious revenue target to finance priority expenditure. Monetary and exchange rate policy is required to reduce inflation while preventing an overshooting of the exchange rate. Further progress is needed to foster financial sector development. A more ambitious rehabilitation plan for the electricity sector needs to be designed and implemented with urgency.

Subject: Banking, Expenditure, Imports, International trade, Monetary base, Money, Poverty, Poverty reduction strategy, Revenue administration

Keywords: Africa, Authority, CR, Customs revenue, East Africa, Global, IMF staff representative, Imports, ISCR, Monetary base, Poverty reduction strategy, PRGF arrangement, Southern Africa, Staff appraisal, Tax revenue collection

Publication Details

  • Pages:

    86

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/066

  • Stock No:

    1MDGEA2008001

  • ISBN:

    9781451825459

  • ISSN:

    1934-7685

Notes

Full text also available in French.

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