Republic of Madagascar: Poverty Reduction Strategy Paper: Annual Progress Report for 2007 and First Semester of 2008

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 010

Publication date: January 2009

ISBN: 9781451825473

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Topics covered in this book

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Economics- Macroeconomics , Demography , ISCR , CR , private sector , financial support , economic growth , budget deficit , completion rate , Budget planning and preparation , Global , Africa , East Africa

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Summary

The report examines the annual report of Madagascar’s Poverty Reduction Strategy Paper. Madagascar’s economic situation has been characterized by steady growth estimated at 5.0 percent on average against an average annual demographic growth rate of 2.8 percent. However, the living standard of the population as captured by the indicators related to the big objectives of the Madagascar Action Plan has not kept up with this pace. The organic law on public finances and the new code of public procurements have become more effective.