Republic of Madagascar: Technical Assistance Report-Climate Macroeconomic Assessment Program

IMF Staff Country Reports, November 16, 2022

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Madagascar is exposed to a multitude of climate hazards such as tropical cyclones, droughts, and floods, which cause significant damage to key sectors, thereby undermining development efforts.
The country continues to develop strategies and policies for addressing climate change, including commitments under the Nationally Determined Contribution, natural disaster risk management, adaptation measures, and ongoing public financial management and public investment management reforms.
Resilience to climate shocks and natural disasters can only be achieved through a combination of climate measures, public investment efficiency measures and public investments in both human capital and resilient infrastructure.

Climate hazards identified: tropical cyclones, droughts, and floods.
Climate impacts: significant damage to key sectors that undermines development efforts.
Policy and institutional progress: development of strategies and policies, commitments under the Nationally Determined Contribution, natural disaster risk management, adaptation measures, public financial management reforms, and public investment management reforms.
Resilience requirements: a combination of climate measures, public investment efficiency measures, and public investments in human capital and resilient infrastructure.

Strengthen and implement strategies and policies aligned with the Nationally Determined Contribution.
Enhance natural disaster risk management and adaptation measures.
Advance public financial management and public investment management reforms to improve public investment efficiency.
Prioritize public investments in human capital and resilient infrastructure to build long-term resilience to climate shocks and natural disasters.