Madagascar : Staff Report for the 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility, and Requests for Extension of Arrangement, Waiver of Performance Criteria, and for Interim Assistance under the Enhanced Initiative for Heavily Indebted Poor Countries

Author/Editor:

International Monetary Fund

Publication Date:

January 9, 2003

Electronic Access:

Free Full text (PDF file size is 3526 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper examines Madagascar’s 2002 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Extension of Arrangement. Madagascar’s performance under the PRGF-supported program in 2001 was strong, with the exception of weak revenue collection, an issue that the new government has begun to address. The budget for 2003 is consistent with the macroeconomic constraints, and places an appropriate emphasis on revenue mobilization and on wage restraint. Administrative procedures need to be streamlined to ensure faster expenditure commitment and execution of donor-funded projects.

Series:

Country Report No. 03/6

Subject:

English

Publication Date:

January 9, 2003

ISBN/ISSN:

9781451825268/1934-7685

Stock No:

1MDGEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

97

Please address any questions about this title to publications@imf.org