Cover IMF Staff Country Reports
Buy Book in Print
Republic of Madagascar: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 007
Language:
English
Publication Date:
08 Jan 2007
DOI:
https://doi.org/10.5089/9781451825411.002
ISBN:
9781451825411
ISSN:
1934-7685
Pages:
83
Keywords:
ISCR; CR; revenue target; authority; tax arrears; revenue shortfall; PRGF loan; staff appraisal; inflation objective; Budget planning and preparation; Tariffs; Africa; Southern Africa; Global
Download PDF (6.4 MB) Download Epub
The staff report for the First Review Under the Three-Year Arrangement for the Republic of Madagascar reviews economic and financial policies. The 2007 economic program is designed to sustain growth, promote fiscal consolidation, and reduce poverty while keeping inflation to single digits and reducing the economy’s vulnerability to shocks. Central bank interventions will be limited to smoothing large variations in the exchange rate and meeting the program’s foreign reserve target. Planned spending reductions should offset any shortfall in revenues, which would allow the domestic financing target to be met.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund