The Poverty Reduction Strategy Papers (PRSPs) on the Republic of Madagascar explain the Madagascar Action Plan (MAP) to accelerate and better coordinate the development process. The National Leadership Institute of Madagascar (NLIM) was created in 2006 to provide cutting-edge training to build leadership capacity at all levels of government and for all sectors of society. The Economic Development Board of Madagascar (EDBM) is charged with ensuring that the business climate of Madagascar is attractive for companies and conducive for the success of private enterprises.
This Joint Staff Advisory Note provides feedback from the World Bank and IMF staff on the first and second progress reports on the Madagascar Action Plan (MAP)—the poverty reduction and growth strategy for 2007–12. Progress on governance has been reported with improvements in the functioning of the national anticorruption agency (BIANCO), the establishment of a financial intelligence unit, and improved national security indicators. To further improve transparency, the government will need to make an effort to secure property rights through the judicial system or alternative conflict-resolution mechanisms.
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.
This paper examines the first annual report on the implementation of Madagascar’s Poverty Reduction Strategy Paper (PRSP). The report reviews the status of achievements on policy measures, action plans, as well as reforms concerning the Initiative for the Heavily Indebted Poor Countries (HIPC). It covers the first year of PRSP implementation corresponding to the period from July 2003 to June 2004. It also highlights the connections between the achievements and objectives, programs, and indicators.
Developing and boosting the private sector, in the area of industry, trade, and private sector, actions for securing investment, promoting investment, developing partnerships in Madagascar produced positive results. The investment rate is 12.37 percent out of an objective of 14 percent. The achievements in the rehabilitation of rural roads have improved compared with those of 2004, but the objectives for the year have not been achieved (65 percent). In posts and telecommunication, for the postal service, the number of savings “Tsinjolavitra” recorded a net improvement compared with those of the previous year.
This paper describes economic developments in Madagascar during the 1990s. The paper highlights that Madagascar achieved financial stabilization in 1996 owing to the stepwise implementation of sweeping reforms that started in 1994 with the establishment of an interbank foreign exchange market. The paper focuses on selected aspects of Madagascar’s medium-term economic strategy, deals with poverty issues in Madagascar, and provides an analysis of the Malagasy civil service and a strategy for its reform. The paper also examines Madagascar’s trade regime and export processing zone.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
This Selected Issues paper and Statistical Appendix analyzes the relationship among prices, income, and money in Madagascar over the period 1982–2004. It finds that a stable long-run relationship for the price level exists, but that the adjustment toward this long-term equilibrium is quite slow. The paper presents an assessment of the real effective exchange rate. It also presents some qualitative competitiveness indicators and examines the performance of exports in Madagascar at an aggregate and product level.