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Africa > Madagascar, Republic of

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Cover Technical Notes and Manuals
Digital Solutions Guidelines for Public Financial Management
Lorena Rivero del Paso
,
Sailendra Pattanayak
,
Gerardo Uña
, and
Hervé Tourpe
The Digital Solutions Guidelines for Public Financial Management (Guidelines) are intended to serve as a comprehensive reference material for the assessment, design, and improvement of digital initiatives in the public financial management (PFM) area. To support the digital transformation of PFM functions, the Guidelines are structured around three Pillars – Functional, IT Architectural, and Governance and Management. Each pillar comprises six principles, which are further broken down into one to four attributes to promote more efficient and transparent PFM operations while fostering innovation and managing digital risks. These Guidelines also allow a graduated approach to digital transformation of PFM through three levels of maturity for each Attribute – foundational, intermediate, and advanced – to help take into account country-specific contexts and capacities in digital transformation strategies.
Keywords:
Digitalization; Digital Transformation; Public Financial Management; GovTech; Financial Management Information Systems; Open Data; IMF Library; PFM function; solutions guidelines implementation tool; manuals 2023/07; title page; PFM information systems; Budget execution and treasury management; Budget planning and preparation; Global
Cover IMF Staff Country Reports
Republic of Madagascar: 2022 Article IV Consultation, Third Review Under The Extended Credit Facility Arrangement, and Requests for A Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar
International Monetary Fund. African Dept.
This paper focuses on Republic of Madagascar’s 2022 Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, and Requests for a Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria. Two years of pandemic and multiple climate shocks have aggravated Madagascar’s fragility. The outlook is highly uncertain with risks tilted to the downside. Madagascar continues to face risks associated with social fragility, weak state capacity, and climate shocks. While Madagascar’s economy rebounded faster than expected in 2021, growth is projected at 4.2 percent in 2022–2023. The authorities should further their efforts to enhance budget credibility and fiscal transparency. Recently adopted public financial management reforms are expected to contribute to better budget execution in 2023. Measures to enhance the legal framework for public procurement contracts would be welcome. Overall program performance is mixed. Despite some macroeconomic slippages, the implementation of structural reforms is gaining momentum. Improving governance and accelerating reforms to increase transparency and accountability are key to deliver higher and more inclusive growth.
Keywords:
fund assistance; government institution; Policy discussion; implementation support AFS PFM regulation; mining taxation reform; fund-supported program; financial support; Budget planning and preparation; Global; Africa
Cover IMF Staff Country Reports
Republic of Madagascar: 2022 Article IV Consultation, Third Review Under The Extended Credit Facility Arrangement, and Requests for A Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar
International Monetary Fund. African Dept.
This paper focuses on Republic of Madagascar’s 2022 Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, and Requests for a Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria. Two years of pandemic and multiple climate shocks have aggravated Madagascar’s fragility. The outlook is highly uncertain with risks tilted to the downside. Madagascar continues to face risks associated with social fragility, weak state capacity, and climate shocks. While Madagascar’s economy rebounded faster than expected in 2021, growth is projected at 4.2 percent in 2022–2023. The authorities should further their efforts to enhance budget credibility and fiscal transparency. Recently adopted public financial management reforms are expected to contribute to better budget execution in 2023. Measures to enhance the legal framework for public procurement contracts would be welcome. Overall program performance is mixed. Despite some macroeconomic slippages, the implementation of structural reforms is gaining momentum. Improving governance and accelerating reforms to increase transparency and accountability are key to deliver higher and more inclusive growth.
Keywords:
fund assistance; government institution; Policy discussion; implementation support AFS PFM regulation; mining taxation reform; fund-supported program; financial support; Budget planning and preparation; Global; Africa
Cover IMF Staff Country Reports
Republic of Madagascar: Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar
International Monetary Fund. African Dept.
Madagascar has not yet recovered from the pandemic and is struggling with the aftermath of a severe cyclone season and the fallout of Russia’s war in Ukraine. After a sharp contraction of GDP in 2020 (-7.1 percent) and a modest recovery in 2021 (4.3 percent), growth is projected to stall in 2022. Lower demand from trading partners, higher fuel and food prices, and recent weather events are weighing on economic activity and leading to widening fiscal and external deficits in the short term.
Keywords:
liabilities vis-à-vis fuel distributor; IMF team; transparency policy; spending commitment authorization process; budget transparency; governance reform agenda; Budget planning and preparation; Credit; Fiscal stance; Global; Sub-Saharan Africa
Cover IMF Staff Country Reports
Republic of Madagascar: Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar
International Monetary Fund. African Dept.
Madagascar has not yet recovered from the pandemic and is struggling with the aftermath of a severe cyclone season and the fallout of Russia’s war in Ukraine. After a sharp contraction of GDP in 2020 (-7.1 percent) and a modest recovery in 2021 (4.3 percent), growth is projected to stall in 2022. Lower demand from trading partners, higher fuel and food prices, and recent weather events are weighing on economic activity and leading to widening fiscal and external deficits in the short term.
Keywords:
liabilities vis-à-vis fuel distributor; IMF team; transparency policy; spending commitment authorization process; budget transparency; governance reform agenda; Budget planning and preparation; Credit; Fiscal stance; Global; Sub-Saharan Africa
Cover IMF Staff Country Reports
Republic of Madagascar: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar
International Monetary Fund. African Dept.
Madagascar continues to be severely affected by the COVID-19 pandemic. After a contraction of GDP estimated at 7.1 percent in 2020, the economic recovery has been sluggish, partly reflecting a delayed reopening of the economy. Postponement of some external budget support, following delays in structural reforms, will open a fiscal financing gap in 2022.
Keywords:
authorities' intention; government plan; revenue administration measure; authorities' effort; IMF's transparency policy; Budget planning and preparation; Credit; Global; Southern Africa; East Africa
Cover IMF Staff Country Reports
Republic of Madagascar: Technical Assistance Report-Government Finance Statistics
International Monetary Fund. Statistics Dept.
At the request of the Ministry of the Economy and Finance (Ministère de l’Économie et des Finances (MEF)) and in consultation with the African Department (AFR) of the International Monetary Fund (IMF), the IMF Statistics Department (STA) carried out a remote mission on government finance statistics (GFS) from November 29–December 10, 2021. The purpose of the mission was to continue to support the Malagasy authorities in their work to adopt international standards of the Government Finance Statistics Manual 2014 (GFSM 2014) for their GFS. The mission would like to thank the Research Directorate (Direction des Études (DE)) of the Directorate General of the Treasury (Direction Générale du Trésor (DGT)) for its close collaboration and more specifically for the timely communication of the required documents, which was essential to the success of the mission given the remote working conditions.
Keywords:
government finance statistics manual; authorities of the Republic of Madagascar; government finance statistics yearbook; staff team of the International Monetary Fund; government accounting directorate; Government finance statistics; Financial statements; Depreciation; Chart of accounts
Cover IMF Staff Country Reports
Republic of Madagascar: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar
International Monetary Fund. African Dept.
Madagascar continues to be severely affected by the COVID-19 pandemic. After a contraction of GDP estimated at 7.1 percent in 2020, the economic recovery has been sluggish, partly reflecting a delayed reopening of the economy. Postponement of some external budget support, following delays in structural reforms, will open a fiscal financing gap in 2022.
Keywords:
authorities' intention; government plan; revenue administration measure; authorities' effort; IMF's transparency policy; Budget planning and preparation; Credit; Global; Southern Africa; East Africa
Cover IMF Working Papers
Building Statistical Capacity in Fragile and Conflict-Affected States
Yasmin Alem
and
Jacinta Bernadette Shirakawa
Based on internal data, this paper finds that the capacity development program of the IMF’s Statistics Department has prioritized technical assistance and training to fragile and conflict-affected states. These interventions have yielded only slightly weaker results in fragile states than in other states. However, capacity development is constantly needed to make up for the dissipation of progress resulting from insufficient resources that fragile and conflict-affected states allocate to the statistical function, inadequate inter-agency coordination, and the pervasive impact of shocks exogenous to the statistical system. Greater coordination with other capacity development providers and within the IMF can help partially overcome low absorptive capacity in fragile states. Statistical capacity development is more effective when it is tailored to countries’ level of fragility.
Keywords:
Capacity Development; Statistics; Data; Fragile States; Sta CD mission; government finance statistics manual; Sta CD delivery; Sta CD spending; World Bank methodology assessment; Income; Government finance statistics; External sector statistics; Information and data management; Middle East and Central Asia; Pacific Islands; Middle East; West Africa; Africa; Central Africa; Global
Cover Policy Papers
FY2020 - Output Cost Estimates and Budget Outturn
International Monetary Fund. Office of Budget and Planning
The paper presents highlights from the FY 2020 budget, followed by a discussion of outputs based on the Fund Thematic Categories and of inputs.
Keywords:
PP; expenditures FY; dollar spending; spending execution; unspent FY 18; digitalization strategy; management fee; Medium-term budget; Budget planning and preparation; Capital spending; Financial Sector Assessment Program; COVID-19; Middle East and Central Asia; Global; Asia and Pacific; Western Hemisphere