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Republic of Madagascar : request for disbursement under the rapid credit facility ; staff report ; press release ; and statement by the executive director for the Republic of Madagascar.

Publisher: Washington, District of Columbia : International Monetary Fund, 2014. ©2014
Series: IMF Staff Country Reports.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This paper focuses on Madagascarâ??s Request for Disbursement Under the Rapid Credit Facility (RCF). The Malagasy authorities managed to avert a macroeconomic crisis during a difficult period of political transition and economic uncertainty since 2009. However, these disruptions have constrained growth and fiscal revenue, leading to a sharp compression of public investment and social outlays. The authorities are  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Republic of Madagascar : request for disbursement under the rapid credit facility; staff report; press release; and statement by the executive director for the Republic of Madagascar.
Washington, District of Columbia : International Monetary Fund, ©2014
40 pages
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
ISBN: 9781498347365 1498347363
OCLC Number: 889264801
Description: 1 online resource (62 pages) : illustrations (some color), charts, graphs, tables.
Contents: Cover; CONTENTS; BACKGROUND AND CONTEXT; ECONOMIC DEVELOPMENTS: 2009-13; POLICIES FOR 2014; A. Fiscal Policy and Reforms; FIGURES; 1. Fiscal Sector Developments; B. Monetary and Exchange Rate Policies; 2. External Sector Developments; 3. Monetary Developments, 2008-14; STRUCTURAL REFORMS; POLICIES, CAPACITY TO REPAY, AND RISKS; THE ROLE OF DEVELOPMENT PARTNERS; STAFF APPRAISAL; TABLES; 1. Selected Economic Indicators, 2008-15; 2. National Accounts, 2008-14; 3. Fiscal Operations of the Central Government, 2008-14; 4. Fiscal Operations of the Central Government, 2008-14. 5. Balance of Payments, 2008-186. Monetary Accounts, 2008-14; 7. Balance Sheet of the Central Bank, 2008-14; 8. Selected Financial Soundness Indicators 2009-13; 9. Indicators of Capacity to Repay the Fund, 2014-24; 10. Millennium Development Goals; APPENDIX; Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding on Monitoring Indicative Targets.
Series Title: IMF Staff Country Reports.

Abstract:

This paper focuses on Madagascarâ??s Request for Disbursement Under the Rapid Credit Facility (RCF). The Malagasy authorities managed to avert a macroeconomic crisis during a difficult period of political transition and economic uncertainty since 2009. However, these disruptions have constrained growth and fiscal revenue, leading to a sharp compression of public investment and social outlays. The authorities are requesting a disbursement under the RCF. They also see the RCF as a stepping stone for a possible future arrangement addressing Madagascarâ??s medium-term challenges and as a positive.

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Primary Entity

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