Republic of Madagascar : Request for Disbursement Under the Rapid Credit Facility

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 2, 2014

Electronic Access:

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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:

Notes:

Also available in French

English

Publication Date:

July 2, 2014

ISBN/ISSN:

9781498333832/1934-7685

Stock No:

1MDGEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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