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Africa > Madagascar, Republic of

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Cover IMF Staff Country Reports
Republic of Madagascar: Ex Post Assessment of Longer-Term Program Engagement
International Monetary Fund
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.
Keywords:
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
Cover IMF Staff Country Reports
Madagascar: Recent Economic Developments and Selected Issues
International Monetary Fund
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.
Keywords:
ISCR; CR; Madagascar; tariff; EPZ enterprise; pay; EPZ; tariff rate; liberalized import system; imports to Madagascar; export processing zone regime; Civil service; Civil service reform; Tariffs; Africa; Sub-Saharan Africa