IMF Staff Country Reports

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

July 2, 2014

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Republic of Madagascar: Request for Disbursement Under the Rapid Credit Facility, (USA: International Monetary Fund, 2014) accessed October 6, 2024

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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.

Subject: Arrears, External debt, Public and publicly-guaranteed external debt, Public debt, Revenue administration

Keywords: Arrears, CR, Customs revenue administration, Debt, Government, ISCR, Malagasy economy, Public and publicly-guaranteed external debt, RCF disbursement, RCF financing, Reform strategy, Southern Africa

Publication Details

  • Pages:

    61

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2014/181

  • Stock No:

    1MDGEA2014001

  • ISBN:

    9781498333832

  • ISSN:

    1934-7685

Notes