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Republic of Madagascar: Ex Post Assessment of Longer-Term Program Engagement
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 363
Language:
English
Publication Date:
11 Oct 2005
DOI:
https://doi.org/10.5089/9781451825367.002
ISBN:
9781451825367
ISSN:
1934-7685
Pages:
48
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund