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.

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At a Glance

  • Current IMF membership: 189 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 244.4 Million
  • Loans outstanding: ECF Arrangements SDR 248.79 Million, approved on July 26, 2019
  • Article IV/Country Report No. 17/223 (July 18, 2017)

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Office Activities

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Regional Economic Outlook

June 29, 2020

The outlook for 2020 for sub-Saharan Africa is considerably worse than was anticipated in April and subject to much uncertainty. Economic activity this year is now projected to contract by some 3.2 percent, reflecting a weaker external environment and measures to contain the COVID-19 outbreak. Growth is projected to recover to 3.4 percent in 2021 subject to the continued gradual easing of restrictions that has started in recent weeks and, importantly, if the region avoids the same epidemic dynamics that have played out elsewhere. Africa’s authorities have acted swiftly to support the economy, but these efforts have been constrained by falling revenues and limited fiscal space. Regional policies should remain focused on safeguarding public health, supporting people and businesses hardest hit by the crisis, and facilitating the recovery.The region cannot tackle these challenges alone, and a coordinated effort by all development partners will be key.
Read the Report

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Departmental Papers of Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.