Pierre van den Boogaerde, Resident Representative in Madagascar
Madagascar Resident Representative Site
Resident Representative Office in Madagascar
November 7, 2008
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Madagascar and the IMF. Additional information can be found on Madagascar and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Madagascar.
At a Glance : Madagascar's Relations with the IMF
- Current membership: 186 countries
- Madagascar joined the Fund in September 25, 1963; Accepted the obligations of Article VIII, Sections 2, 3 and 4: September 18, 1996
- Total Quotas: SDR 122.20 Million (As of April 30, 2007)
- Loans outstanding: PRGF Arrangements SDR 27.06 Million
- Last Article IV Consultation: The 2007 Article IV consultation staff report was discussed by the Executive Board on June 27, 2007 (Country Report No. 07/236, June 6, 2007)
Working Papers and Other Publications
The Implications of the Global Financial Crisis for Low-Income Countries
The global financial crisis is expected to have a major impact on low-income countries (LICs), especially in sub-Saharan Africa—and urgent action is required by LIC policymakers and the international community. The crisis is projected to increase the financing needs of LICs by at least US$25 billion in 2009, and much larger needs are possible.
March 2009
The Balance of Payments Impact of the Food and Fuel Price Shocks on Low-Income African Countries: A Country-by-Country Assessment
This note discusses the implications of the price shocks for the balance of payments of low-income countries in sub-Saharan Africa.
June 30, 2008
How does a domestic tax reform effect protection against imports? The case of the Republic of Madagascar
Working Paper No. 08/151
June 1, 2008 
Evaluating Alternative Approaches to Poverty Alleviation: Rice Tariffs versus Targeted Transfers in Madagascar
Working Paper No. 08/9
January 1, 2008 
Madagascar and The IMF
Madagascar: A Competitiveness and Exchange Rate Assessment
May 21,2009
Author/Editor: Eyraud, Luc
Series: Working Paper No. 09/107 
Republic of Madagascar: Poverty Reduction Strategy Paper - Annual Progress Report - Joint Staff Advisory Note
January 13,2009
Series: Country Report No. 09/11 
Republic of Madagascar: Poverty Reduction Strategy Paper - Annual Progress Report for 2007 and First Semester of 2008
January 13,2009
Series: Country Report No. 09/10
Notes: Also available in French 
Press Release: Statement by an IMF Staff Mission to the Republic of Madagascar
Republic of Madagascar: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, Modification of Performance Criteria, and Augmentation of Access-Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Madagascar
July 16,2008
Series: Country Report No. 08/232
Notes: Full Text Also Available in French. 
Regional Economic Outlook for Sub-Saharan Africa
Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.






