Republic of Madagascar: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2005/156, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Madagascar’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Madagascar’s performance under the program in 2004 has been broadly satisfactory, particularly in light of the difficult economic environment that prevailed during the first half of the year. All quantitative performance criteria at end-September and the structural performance criterion at end-December have been met. Further steps are needed to strengthen monetary policy implementation. Implementation of public enterprise reform, which has been uneven, also needs to be accelerated.

Keywords: ISCR; CR; monetary policy; credit policy; PRGF arrangement; authority; monetary policy implementation; PRGF loan; policy implementation; Credit; Structural reforms; Poverty reduction strategy; Global (search for similar items in EconPapers)
Pages: 65
Date: 2005-05-10
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