Republic of Madagascar: Staff-Monitored Program and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar

December 1, 2015

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Republic of Madagascar: Staff-Monitored Program and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Also available in: français

Summary

This paper discusses Madagascar’s Staff-Monitored Program (SMP) and Request for Disbursement under the Rapid Credit Facility (RCF). Madagascar’s economic recovery has failed to gain momentum in 2015, largely due to external shocks, persistent political instability, and weak governance. Nonetheless, the authorities have implemented an adequate policy mix that has broadly maintained macroeconomic stability. In light of urgent balance of payments needs, the Malagasy authorities are requesting a second disbursement under the RCF, accompanied by a SMP. The IMF staff supports the authorities’ request for a disbursement under the RCF based on the policy track record over the past six months.

Subject: Banking, Credit, Debt sustainability analysis, External debt, Money, Public debt, Revenue administration

Keywords: CR, Credit, Debt sustainability analysis, Draft budget document, Draft revision, Global, ISCR, RCF disbursement, Reform effort, Update assessment

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/325
Stock No:

1MDGEA2015003
ISBN:

9781513591162
ISSN:

1934-7685

Notes

Also available in French

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