IMF Staff Country Reports

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

July 16, 2008

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Republic of Madagascar: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, Modification of Performance Criteria, and Augmentation of Access-Staff Report; Staff Supplement and 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 25, 2024

Also available in: français

Summary

This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Madagascar. Program performance has been generally good. The authorities have continued to implement sound fiscal and monetary policies that have resulted in good macroeconomic outcomes. They met all of the quantitative performance criteria (PCs) for end-January 2008, but missed two structural PCs. The international reserves cover is expected to deteriorate markedly, prompting the authorities to ask for an augmentation of 15 percent of quota, a request that IMF staff supports.

Subject: Banking, Central banks, External debt, Inflation, International reserves, Prices, Public debt, Revenue administration

Keywords: Africa, Authority, CR, Directorate General, Global, Growth facility, IMF staff representative, Inflation, International reserves, ISCR, Southern Africa, Staff appraisal, Three-Year arrangement

Publication Details

  • Pages:

    92

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/232

  • Stock No:

    1MDGEA2008002

  • ISBN:

    9781451825466

  • ISSN:

    1934-7685

Notes

Full Text Also Available in French.

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