Republic of Madagascar : Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

December 18, 2017

Electronic Access:

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

Summary:

Context. The gradual economic recovery has continued, with solid growth despite the drought and cyclone that hit Madagascar in early 2017. Fiscal performance has been roughly as planned, with strong revenue performance offsetting unexpected spending pressures in 2017. Monetary and exchange rate policy has successfully managed the challenges from external developments. Focus. Discussions focused on creating fiscal space for priority investment and social spending, promoting investment for inclusive and sustainable growth, maintaining stable inflation, and advancing key structural reforms in economic governance and financial sector development.

Series:

Country Report No. 17/385

Subject:

English

Publication Date:

December 18, 2017

ISBN/ISSN:

9781484333891/1934-7685

Stock No:

1MDGEA2017004

Format:

Paper

Pages:

84

Please address any questions about this title to publications@imf.org