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Republic of Madagascar: Fourth Review Under the Poverty Reduction and Growth Facility and Requests for Extension of the Arrangement and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 091
Language:
English
Publication Date:
30 Mar 2004
DOI:
https://doi.org/10.5089/9781451825299.002
ISBN:
9781451825299
ISSN:
1934-7685
Pages:
100
Keywords:
ISCR; CR; SDR; PRGF arrangement; staffs assessment; tariff relief law; cyclone Gafilo; vanilla export; PRGF loan; Poverty reduction strategy; Exports; Tariffs; Southern Africa; East Africa; Africa
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Madagascar showed strong economic growth and low inflation under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors commended these developments, and stressed the need to restore fiscal discipline, improve governance, strengthen the business climate to encourage private investment, and accelerate structural reforms. They welcomed the plan to privatize and rehabilitate the telecom, cotton, sugar, and utility companies, and agreed that Madagascar has successfully completed the fourth review under the PRGF program, and approved waiver, additional interim assistance, and an extension of the arrangement.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund