Republic of Madagascar: Fourth Review Under the Poverty Reduction and Growth Facility and Requests for Extension of the Arrangement and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

International Monetary Fund

No 2004/091, IMF Staff Country Reports from International Monetary Fund

Abstract: Madagascar showed strong economic growth and low inflation under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended these developments, and stressed the need to restore fiscal discipline, improve governance, strengthen the business climate to encourage private investment, and accelerate structural reforms. They welcomed the plan to privatize and rehabilitate the telecom, cotton, sugar, and utility companies, and agreed that Madagascar has successfully completed the fourth review under the PRGF program, and approved waiver, additional interim assistance, and an extension of the arrangement.

Keywords: ISCR; CR; SDR; PRGF arrangement; staffs assessment; tariff relief law; cyclone Gafilo; vanilla export; PRGF loan; Poverty reduction strategy; Exports; Tariffs; Southern Africa; East Africa; Africa (search for similar items in EconPapers)
Pages: 100
Date: 2004-03-30
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