{
  "title": "Republic of Madagascar: Ex Post Assessment of Longer-Term Program Engagement",
  "publication": "IMF Staff Country Reports, October 11, 2005",
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  "summary": "This paper discusses key findings of the Ex Post Assessment of Longer-Term Program Engagement for Madagascar. The paper focuses on performance during the programs supported by the 1989 and 1996 Enhanced Structural Adjustment Facility programs, and the 2001 Poverty Reduction and Growth Facility.",
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    {
      "heading": "Summary and focus",
      "content": "- Discusses key findings of the Ex Post Assessment of Longer-Term Program Engagement for Madagascar.\n- Focuses on performance during programs supported by:\n  - the 1989 Enhanced Structural Adjustment Facility program,\n  - the 1996 Enhanced Structural Adjustment Facility program,\n  - the 2001 Poverty Reduction and Growth Facility.\n- Notes that, despite nearly continuous involvement by the IMF, other international financial institutions, and bilateral donors, economic progress has been slow.\n- States that only the most recent years have witnessed inroads into poverty reduction of some significance.\n- Concludes that the country’s growth base remains narrow, and its institutional framework and governance weak."
    },
    {
      "heading": "Major themes and issues identified",
      "content": "- Poverty and poverty reduction:\n  - Recent years show some significant inroads into poverty reduction.\n  - Overall progress on poverty has been slow over the program period.\n- Growth and structural characteristics:\n  - Growth base described as narrow.\n  - Structural reforms and reform effort are recurring themes.\n- Institutional and governance capacity:\n  - Institutional framework and governance are characterized as weak.\n  - Implementation capacity and government ownership are highlighted issues.\n- Macroeconomic and public finance areas:\n  - Macroeconomic policy and Public financial management (PFM) are core subjects.\n  - Revenue administration and tax capacity are implied priorities.\n- Financial sector and exchange rate:\n  - Banking system and exchange rate appear among keywords of concern."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Civil service reform, Labor, Macrostructural analysis, Poverty, Poverty reduction, Public financial management (PFM), Revenue administration, Structural reforms\n- Keywords: banking system, Civil service reform, CR, economic growth, exchange rate, government ownership, implementation capacity, ISCR, macroeconomic policy, Poverty reduction, reform effort, Structural reforms, Sub-Saharan Africa\n\n---\n\n Content in this bundle\n\n- cr05363\n  - cr05363 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05363 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 11, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451825367.002",
    "Discusses key findings of the Ex Post Assessment of Longer-Term Program Engagement for Madagascar.",
    "Focuses on performance during programs supported by:",
    "Notes that, despite nearly continuous involvement by the IMF, other international financial institutions, and bilateral donors, economic progress has been slow.",
    "States that only the most recent years have witnessed inroads into poverty reduction of some significance.",
    "Concludes that the country’s growth base remains narrow, and its institutional framework and governance weak.",
    "Growth and structural characteristics:",
    "Institutional and governance capacity:",
    "Macroeconomic and public finance areas:",
    "Financial sector and exchange rate:",
    "Subjects: Civil service reform, Labor, Macrostructural analysis, Poverty, Poverty reduction, Public financial management (PFM), Revenue administration, Structural reforms",
    "Keywords: banking system, Civil service reform, CR, economic growth, exchange rate, government ownership, implementation capacity, ISCR, macroeconomic policy, Poverty reduction, reform effort, Structural reforms, Sub-Saharan Africa",
    "**_cr05363**"
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