Republic of Madagascar: Staff Report for the 2005 Article IV Consultation

September 27, 2005

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Republic of Madagascar: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This 2005 Article IV Consultation highlights that macroeconomic developments in Madagascar in 2003 and 2004 were dominated by the sharp depreciation of the national currency, and rising inflation pressures, with year-over-year consumer price inflation reaching 30 percent at end-February 2005. At the same time, the current account deficit widened considerably in 2004. In the medium term, real GDP growth is expected to average 6 percent per year, and fiscal consolidation is projected to continue, driven by an improvement of revenue performance and modest expenditure increases.

Subject: Credit, Expenditure, Exports, International trade, Money, Public financial management (PFM), Revenue administration

Keywords: Authorities consent, Authority, CR, Credit, Donor assistance, Exports, ISCR, Malagasy authorities, Plan, Policy, Policy slippage, Program ownership, Revenue performance, Revenue-enhancing policy, Revenue-to-GDP ratio, Southern Africa

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/350
Stock No:

1MDGEA2005003
ISBN:

9781451825350
ISSN:

1934-7685

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