Republic of Madagascar: Ex Post Assessment of Longer-Term Program Engagement

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 363

Publication date: October 2005

ISBN: 9781451825367

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , exchange rate , economic growth , reform effort , government ownership , implementation capacity , banking system , macroeconomic policy , Structural reforms , Civil service reform , Poverty reduction , Sub-Saharan Africa

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Republic of Congo : 2001 Article IV

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. Despite nearly continuous involvement by the IMF, other international financial institutions, and bilateral donors, economic progress has been slow. Only the most recent years have witnessed inroads into poverty reduction of some significance. However, the country’s growth base remains narrow, and its institutional framework and governance weak.