Republic of Madagascar : 2019 Article IV consultation and sixth review under the extended credit facility arrangement : press release, staff report, and statement by the Executive Director for Republic of Madagascar
International Monetary Fund
This paper presents 2019 Article IV Consultation with the Republic of Madagascar and its Sixth Review Under the Extended Credit Facility (ECF) Arrangement. Madagascar's performance under its economic program supported by the ECF arrangement has been broadly satisfactory with solid growth, moderate single digit inflation, and a robust external position. As a fragile, low-income country, Madagascar continues to face risks associated with weak implementation capacity, potential fiscal slippages, social fragility in a context of widespread poverty, and vulnerability to exogenous shocks including to terms of trade and natural disasters. Going forward, a commitment to strong policies and an ambitious agenda to complete outstanding structural reforms remains crucial to mitigate internal and external risks, strengthen macroeconomic stability, and achieve higher, sustainable, and inclusive growth. The authorities' economic reform agenda summarized in the Plan Emergence Madagascar aims to raise economic growth through increased public and private investment, strengthening human capital, and improving governance. Creating additional fiscal space by further improving revenue mobilization through a medium-term tax revenue strategy, containing lower priority spending, and enhancing investment implementation capacity is essential for scaling-up priority investment and social spending in education, health, and housing
Year of publication: |
2020
|
---|---|
Institutions: | Internationaler Währungsfonds (issuing body) |
Publisher: |
Washington, D.C. : International Monetary Fund |
Subject: | Madagaskar | Madagascar | Wirtschaftslage | Macroeconomic performance | IWF-Kredit | IMF lending | Schuldenmanagement | Debt management |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 150 Seiten) Illustrationen |
---|---|
Series: | IMF country report. - Washington, DC : IMF, ZDB-ID 2390611-X. - Vol. 20, 60 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature |
Language: | English |
ISBN: | 978-1-5135-3417-6 |
Other identifiers: | 10.5089/9781513534176.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012178721
Saved in favorites
Similar items by subject
-
(2019)
-
(2018)
-
(2017)
- More ...
Similar items by person
-
IMF economic reviews : press/public information notices
(1999)
-
Odling-Smee, John C., (1994)
-
Brown, Scott B., (1994)
- More ...