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Africa > Madagascar, Republic of

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Cover IMF Research Bulletin
IMF Research Bulletin, September 2009
International Monetary Fund. Research Dept.
The Q&A in this issue features seven questions about policy options for emerging market countries (by Marcos Chamon, Chris Crowe, and Jun Il Kim); research summaries on “Does Trade and Financial Globalization Cause Income Inequality?” (by Chris Papageorgiou) and “The Current Account of Oil-Exporting Countries (by Irineu E. de Carvalho Filho); an article on the launch of the IMF’s new research journal, IMF Economic Review, and the contents of the upcoming IMF Staff Papers, which the new the new journal will succeed in 2010; an article on the upcoming Tenth Annual Jacques Polak Research Conference; a listing of visiting scholars at the IMF during July–September 2009; and listings of recent IMF Working Papers and Staff Position Notes.
Keywords:
IRB; UCLA Anderson School of Management; conference program; staff position note; current account Sustainability; Policy consideration; kajal Lahiri; research Journal; current account fluctuation; policy option; Emerging and frontier financial markets; Income inequality; Current account balance; Oil; Current account; Global; Asia and Pacific; Middle East; Eastern Europe
Cover IMF Working Papers
The Africa Growth and Opportunity Act and its Rules of Origin: Generosity Undermined?
Mr. Arvind Subramanian
,
Aaditya Mattoo
, and
Mr. Devesh Roy
This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. The AGOA expands the scope of preferential access of Africa's exports to the United States in key areas such as clothing. However, its medium term benefits estimated at about US$100-$140 million, an 8 11 percent addition to current non-oil exports would have been nearly five times greater (US$540 million) if no restrictive conditions had been imposed on the terms of market access. The most important of these conditions are the rules of origin with which African exporters of clothing must comply to benefit from duty-free access.
Keywords:
WP; clothing; AGOA; export; fabric; trade; preference; market access; Africa; supply curve; apparel export; wearing apparel; export quota; apparel product; apparel sector; apparel article; Valuation; origin and classification; Exports; Tariffs; Agricultural commodities; Imports; Sub-Saharan Africa
Cover IMF Staff Country Reports
Madagascar: Statistical Annex
International Monetary Fund
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.
Keywords:
ISCR; CR; factor cost; net; debt relief; net earnings balance; central bank of Madagascar; current account; capital expenditure; private sector; broad money; cash basis; balance of payments; consumer price index; Agricultural commodities; Public sector; Exports; Africa
Cover Selected Decisions (7th Ed)
Selected Decisions (7th Ed)
International Monetary Fund

Abstract

This volume is the Seventh Issue of Selected Decisions of the IMF and Selected Documents. It contains the decisions, interpretations, and resolutions of the Executive Directors and the Board of Governors of the IMF to which frequent reference is made in the current activities of the Fund. In addition, the volume contains certain documents relating to the IMF and the United Nations. This issue contains most of the decisions that were published in earlier issues but not decisions that have ceased to be effective or that are referred to less frequently than in the past. A substantial part of this volume is devoted to decisions taken by the IMF since the last issue. With few exceptions, the decisions in this volume are general in application and relate to obligations, policies, or procedures under the Articles of Agreement. Subject to the few exceptions referred to, decisions that affect individual members are not included. Decisions of the Fund that are included in the By-Laws and the Rules and Regulations are general in application but are not reproduced in this volume.

Keywords:
SELD; fund; matter of interpretation; net income of the fund; capital transfer; decision No. 1238; exchange transaction; Currencies; Gold; Multiple currency practices; Credit; Exchange rates; Global; Reserve assets; International monetary system
Cover IMF Staff Papers
IMF Staff papers: Volume 16 No. 2
International Monetary Fund. Research Dept.
This paper shows how to utilize the data on trade structure to achieve the best possible estimates of the effects of price changes, given any reasonable array of elasticity estimates. The credibility of estimates of price effects depends on thorough and systematic use of these data, as well as on the statistical credentials of the elasticities assumed. The observations show that the impact of a given price change on a country's exports will be greater, the more that country's exports are concentrated in markets in which substitution elasticities are high, and vice versa, but for most countries strong correlations of this kind are not probable. The general conclusion to be drawn from the paper would seem to be that the information implicit in the base-period matrix is not enough to yield results in which a high degree of confidence can be placed. It remains essential to employ substitution elasticities that are supported by the historical record. Nevertheless, the role of trade structure is vitally important.
Keywords:
SP; investment; price change; income velocity; CFA country; credit model; balance of payments position; dinero más cuasi-dinero; Personal income; Exports; Imports; Agricultural commodities; Capital spending; Global; West Africa; Africa; South America
Cover Summary Proceedings of the Eighteenth Annual Meetings of the Board of Governors, 1963
Summary Proceedings of the Eighteenth Annual Meetings of the Board of Governors, 1963
International Monetary Fund. Secretary's Department

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Keywords:
AS; I-Shuan sun; articles of agreement; fund study ways and means; central bank Governors; development assistance committee; Currencies; International liquidity; International monetary system; Exports; Gold; Central America; Africa; Europe; Central Africa; Eastern Europe; fund stand-by arrangement