IMF Staff Country Reports

Republic of Madagascar: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar

March 16, 2022

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Format: Chicago

International Monetary Fund. African Dept. "Republic of Madagascar: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar", IMF Staff Country Reports 2022, 079 (2022), accessed 12/6/2025, https://doi.org/10.5089/9798400203909.002

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Summary

Madagascar continues to be severely affected by the COVID-19 pandemic. After a contraction of GDP estimated at 7.1 percent in 2020, the economic recovery has been sluggish, partly reflecting a delayed reopening of the economy. Postponement of some external budget support, following delays in structural reforms, will open a fiscal financing gap in 2022.

Subject: Budget planning and preparation, Credit, External debt, International organization, Monetary policy, Money, Public debt, Public financial management (PFM), Revenue administration

Keywords: authorities' effort, authorities' intention, Budget planning and preparation, Credit, East Africa, Global, government plan, IMF's transparency policy, revenue administration measure, Southern Africa