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

International Monetary Fund

No 2015/325, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; draft budget document; RCF disbursement; draft revision; reform effort; update assessment; Credit; Debt sustainability analysis; Global (search for similar items in EconPapers)
Pages: 90
Date: 2015-12-01
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