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Africa > Madagascar, Republic of

You are looking at 1 - 9 of 9 items for :

  • Type: Journal Issue x
  • Poverty and Homelessness x
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Cover IMF Working Papers
Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics
Johannes Emmerling
,
Davide Furceri
,
Francisco Líbano Monteiro
,
Mr. Prakash Loungani
,
Mr. Jonathan David Ostry
,
Pietro Pizzuto
, and
Massimo Tavoni
COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality and public debt-to-GDP ratios. Energy use and CO2 emissions dropped, but mostly because of the persistent decline in the level of economic activity rather than structural changes in the energy sector. Applying our empirical estimates to project the impact of COVID-19, we foresee significant scarring in economic performance and income distribution through 2025, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in the past would be required to forestall these outcomes.
Keywords:
impulse response; effects of pandemic; list of pandemic; pandemic event; baseline estimate; impact of COVID-19; COVID-19; Greenhouse gas emissions; Income inequality; Income distribution; Global
Cover IMF Staff Country Reports
Republic of Madagascar: Economic Development Document
International Monetary Fund. African Dept.
This Economic Development Document describes the strategy adopted by the government of Madagascar to reverse the trend of modest economic performance, deteriorating social conditions, and persistent poverty observed in recent years. This strategy addresses the underlying causes of poverty. The primary aim of the fiscal policy is to increase revenue and rationalize budget expenditure to provide ample margins to finance priority spending, specifically social and infrastructure spending. The priorities are to expand the tax base and continuing reform of tax and customs administration, and to eliminate the causes of inefficient public expenditure. The monetary policy is given the role of regulating domestic liquidity to normalize trends in economic activities and achieve the inflation targets of less than 10.0 percent.
Keywords:
ISCR; CR; poverty rate; purchasing power; economic growth; private sector; per capita income; development framework; land tenure; poverty profile; energy security; air Madagascar; economic system; government securities market; asset recovery authority; financing requirement; Infrastructure; Poverty reduction; Sub-Saharan Africa
Cover IMF Working Papers
Financial Development and Poverty Reduction: Can There Be a Benefit Without a Cost?
Sylviane Guillaumont Jeanneney
and
Mr. Kangni R Kpodar
This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost.
Keywords:
WP; GDP; poverty gap; headcount poverty
Cover IMF Staff Country Reports
République de Madagascar: Note consultative conjointe du document de stratégie de réduction de la pauvreté
International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; government; MAP indicator; strategy; poverty reduction strategy paper; MAP objective
Cover IMF Staff Country Reports
Republic of Madagascar: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper
International Monetary Fund
The Joint Staff Advisory Note on the Republic of Madagascar’s Poverty Reduction Strategy Paper (PRSP) is analyzed. The government of Madagascar has prepared its second growth and poverty reduction strategy called the Madagascar Action Plan (MAP), a bold development plan for 2007–12. The MAP builds on the first PRSP prepared in 2003 and is underpinned by a broad consultative process. It outlines the commitments, strategies, and actions that are expected to ignite rapid growth and lead to the reduction of poverty in line with the government’s national vision document.
Keywords:
ISCR; CR; government; MAP indicator; strategy; poverty reduction strategy paper; MAP objective; development objective; MAP's goal; strategy of extension; MAP place; MAP update; government of Madagascar; Poverty reduction strategy; Poverty reduction; Global
Cover IMF Staff Country Reports
Republic of Madagascar: Poverty Reduction Strategy Paper Annual Progress Report: Joint Staff Advisory Note
International Monetary Fund
The Annual Progress Report (APR) candidly indicates that the macroeconomic objectives for 2005, notably pertaining to growth and revenue objectives, could not be achieved. Looking forward, the preparation of the Madagascar Action Plan (MAP) will provide a useful opportunity to revisit and improve the country’s poverty reduction strategy in light of recent developments and experience. Reasonable progress on the public sector governance agenda was triggered by substantial investments in training and capacity building, in particular in the areas of public financial management, planning, change management, and monitoring and evaluation.
Keywords:
ISCR; CR; government; APR note; poverty Reduction Strategy Paper Annual Progress Report; PRSP update; authorities' inflation; government of Madagascar; APR place; Poverty reduction strategy; Sub-Saharan Africa
Cover IMF Staff Country Reports
Republic of Madagascar: Joint Staff Assessment of the Poverty Reduction Strategy Paper
International Monetary Fund
The report reviews the Joint Staff Assessment (JSA) on Madagascar's Poverty Reduction Strategy Paper (PRSP). The full PRSP is built on the interim poverty reduction strategy. The report evaluates both strengths and weaknesses of Madagascar's poverty reduction objectives and strategies, and considers whether the PRSP provides a sound basis for concessional assistance and for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. The JSA considers Madagascar PRSP as a major accomplishment and provides a sound basis for IMF concessional assistance.
Keywords:
ISCR; CR; PRSP progress report; PRSP scenario; PRSP consultation process; PRSP health strategy; PRSP implementation; PRSP outline; PRSP preparation; Malagasy PRSP; PRSP process; Poverty reduction strategy; Poverty reduction; Africa
Cover IMF Staff Country Reports
Madagascar: Poverty Reduction Strategy Paper
International Monetary Fund
This report summarizes the improved Intermediate Poverty Reduction Strategy Paper (PRSP) of Madagascar, and the new policy orientation of the government. This strategy is based on an objective analysis and precise criteria. It presents the general framework of intervention of the PRSP and an analysis of poverty. It defines the strategies of the fight against poverty, and provides overall objectives and actions to be implemented. It reviews the cost and the financing of the programs and also describes the monitoring and evaluation methods of the poverty reduction strategy.
Keywords:
ISCR; CR; structural adjustment; civil society; investment strategy; poverty rate; inflation rate; private sector; economic growth; natural resources; Global
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