Republic of Madagascar: Fourth Review Under the Extended Credit Facility Arrangement and Requests for a Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar

June 29, 2023

Preview Citation

Format: Chicago

Republic of Madagascar: Fourth Review Under the Extended Credit Facility Arrangement and Requests for a Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Also available in: français

Summary

Real GDP exceeded its pre-pandemic level in 2022. However, lower demand from trading partners, recent weather events, and possible rising political tensions in the runup to the November 2023 presidential elections will continue to weigh on the outlook in 2023. While the fiscal deficit has recently widened, the settlement of crossliabilities with oil distributors is expected to improve the fiscal balance in 2023 and reduce fiscal risks going forward.

Subject: Credit, Fiscal policy, Fiscal stance, International organization, Monetary policy, Money, Oil, gas and mining taxes, Public debt, Revenue administration, Taxes

Keywords: Gas and mining taxes, Credit, ECF review, Fiscal stance, Global, Government financial support, IMF team, IMF's transparency policy, Liabilities to oil distributor, Oil, Oil distributor, Policy adjustment

Publication Details

Pages:

93
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/239
Stock No:

1MDGEA2023004
ISBN:

9798400246715
ISSN:

1934-7685

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