Republic of Madagascar: Poverty Reduction Strategy Paper Annual Progress Report: Joint Staff Advisory Note
IMF Staff Country Reports, August 15, 2006
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- Republic of Madagascar: Poverty Reduction Strategy Paper Annual Progress Report: Joint Staff Advisory Note
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Bibliographic details
- Published: August 15, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825381.002
Key Findings
- The Annual Progress Report (APR) candidly indicates that the macroeconomic objectives for 2005, notably pertaining to growth and revenue objectives, could not be achieved.
- Reasonable progress on the public sector governance agenda was triggered by substantial investments in training and capacity building, in particular in the areas of public financial management, planning, change management, and monitoring and evaluation.
- The preparation of the Madagascar Action Plan (MAP) is identified as a useful opportunity to revisit and improve the country’s poverty reduction strategy in light of recent developments and experience.
Analysis and Implications
- Macroeconomic shortfalls in 2005 (growth and revenue objectives not achieved) imply a need to reassess fiscal and growth-targeting measures within the poverty reduction framework.
- Investments in capacity building produced discernible progress on public sector governance, suggesting that continued and targeted human capital and institutional investments can strengthen public financial management and monitoring systems.
- The MAP process is positioned as a vehicle to incorporate lessons from the APR and to update the poverty reduction strategy accordingly.
Policy Recommendations and Forward Actions
- Use the Madagascar Action Plan (MAP) preparation to:
- Revisit and improve the poverty reduction strategy in light of recent developments and APR experience.
- Reinforce public financial management, planning, change management, and monitoring and evaluation through continued investments in training and capacity building.
- Continue to prioritize reforms and capacity-building measures that underpin public sector governance to support achievement of macroeconomic objectives.
Subject Tags and Keywords (as listed in the source)
- Education
- Health
- Poverty
- Poverty reduction strategy
- Public financial management (PFM)
- APR note
- APR place
- authorities' inflation
- CR
- government
- government of Madagascar
- ISCR
- Poverty reduction strategy
- poverty Reduction Strategy Paper Annual Progress Report
- PRSP update
- Sub-Saharan Africa
Source: Republic of Madagascar: Poverty Reduction Strategy Paper Annual Progress Report: Joint Staff Advisory Note (IMF Staff Country Reports, August 15, 2006).