{
  "title": "Madagascar: Third Review Under the Poverty Reduction and Growth Facility",
  "publication": "IMF Staff Country Reports, July 3, 2003",
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  "summary": "Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that the crisis has undermined the timely achievement of the program, requiring the government to redouble its efforts.",
  "sections": [
    {
      "heading": "Performance under the PRGF program",
      "content": "- Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program.\n- Executive Directors agreed that the crisis has undermined the timely achievement of the program, requiring the government to redouble its efforts.\n- They welcomed the 2003 budget."
    },
    {
      "heading": "Key findings and issues",
      "content": "- Need to strengthen fiscal and monetary policies.\n- Need to accelerate structural reforms.\n- Problems of inefficiency and corruption in the public administration were identified and urged to be addressed.\n- Emphasis on decisive implementation of the strategy to successfully complete the third review under the PRGF arrangement."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Redouble government efforts to restore the program's timeline affected by the crisis.\n- Strengthen fiscal policy frameworks and fiscal management.\n- Reinforce monetary policy and central bank actions as needed.\n- Accelerate structural reforms to support program objectives.\n- Address inefficiency and corruption in public administration to improve program implementation and outcomes.\n\nSource: Madagascar: Third Review Under the Poverty Reduction and Growth Facility, July 3, 2003.\n\n---\n\n Content in this bundle\n\n- cr03203\n  - cr03203 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr03203 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 3, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451825305.002",
    "Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program.",
    "Executive Directors agreed that the crisis has undermined the timely achievement of the program, requiring the government to redouble its efforts.",
    "They welcomed the 2003 budget.",
    "Need to strengthen fiscal and monetary policies.",
    "Need to accelerate structural reforms.",
    "Problems of inefficiency and corruption in the public administration were identified and urged to be addressed.",
    "Emphasis on decisive implementation of the strategy to successfully complete the third review under the PRGF arrangement.",
    "Redouble government efforts to restore the program's timeline affected by the crisis.",
    "Strengthen fiscal policy frameworks and fiscal management.",
    "Reinforce monetary policy and central bank actions as needed.",
    "Accelerate structural reforms to support program objectives.",
    "Address inefficiency and corruption in public administration to improve program implementation and outcomes.",
    "**_cr03203**"
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