Republic of Madagascar: Economic Development Document

July 18, 2017

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Format: Chicago

Republic of Madagascar: Economic Development Document, (USA: International Monetary Fund, 2017) accessed September 19, 2024

Summary

This Economic Development Document describes the strategy adopted by the government of Madagascar to reverse the trend of modest economic performance, deteriorating social conditions, and persistent poverty observed in recent years. This strategy addresses the underlying causes of poverty. The primary aim of the fiscal policy is to increase revenue and rationalize budget expenditure to provide ample margins to finance priority spending, specifically social and infrastructure spending. The priorities are to expand the tax base and continuing reform of tax and customs administration, and to eliminate the causes of inefficient public expenditure. The monetary policy is given the role of regulating domestic liquidity to normalize trends in economic activities and achieve the inflation targets of less than 10.0 percent.

Subject: Corruption, Education, Infrastructure, National accounts, Population and demographics, Poverty, Poverty reduction

Keywords: Air Madagascar, Asset recovery authority, CR, Development framework, Economic growth, Economic system, Energy security, Financing requirement, Government securities market, Infrastructure, ISCR, Land tenure, Per capita income, Poverty profile, Poverty rate, Poverty reduction, Private sector, Purchasing power, Sub-Saharan Africa

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/225
Stock No:

1MDGEA2017003
ISBN:

9781484310670
ISSN:

1934-7685

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