Republic of Madagascar: Request for Disbursement Under the Rapid Credit Facility; Staff Report; Press Release; and Statement by the Executive Director for the Republic of Madagascar

Publication Date: July 02, 2014
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Summary: This paper focuses on Madagascar’s Request for Disbursement Under the Rapid Credit Facility (RCF). The Malagasy authorities managed to avert a macroeconomic crisis during a difficult period of political transition and economic uncertainty since 2009. However, these disruptions have constrained growth and fiscal revenue, leading to a sharp compression of public investment and social outlays. The authorities are requesting a disbursement under the RCF. They also see the RCF as a stepping stone for a possible future arrangement addressing Madagascar’s medium-term challenges and as a positive signal to development partners. The IMF staff supports the authorities’ request for a disbursement under the RCF.
Series: Country Report No. 14/181
Subject(s): Rapid Credit Facility | Fiscal policy | Government expenditures | Domestic payments arrears | Fiscal reforms | Monetary policy | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Staff Reports | Letters of Intent | Press releases | Madagascar

Notes Also available in French
Publication Date: July 02, 2014
ISBN/ISSN: 9781498333832/1934-7685 Format: Paper
Stock No: 1MDGEA2014001 Pages: 61
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