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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

December 1, 2015

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses Madagascar’s Staff-Monitored Program (SMP) and Request for Disbursement under the Rapid Credit Facility (RCF). Madagascar’s economic recovery has failed to gain momentum in 2015, largely due to external shocks, persistent political instability, and weak governance. Nonetheless, the authorities have implemented an adequate policy mix that has broadly maintained macroeconomic stability. In light of urgent balance of payments needs, the Malagasy authorities are requesting a second disbursement under the RCF, accompanied by a SMP. The IMF staff supports the authorities’ request for a disbursement under the RCF based on the policy track record over the past six months.

Series:

Country Report No. 15/325

Subject:

Notes:

Also available in French

English

Publication Date:

December 1, 2015

ISBN/ISSN:

9781513591162/1934-7685

Stock No:

1MDGEA2015003

Format:

Paper

Pages:

90

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