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
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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.
Series:
Country Report No. 2015/325
Subject:
Banking Credit Debt sustainability analysis External debt Money Public debt Revenue administration
Notes:
English
Publication Date:
December 1, 2015
ISBN/ISSN:
9781513591162/1934-7685
Stock No:
1MDGEA2015003
Pages:
90
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