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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
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 079
Language:
English
Publication Date:
16 Mar 2022
DOI:
https://doi.org/10.5089/9798400203909.002
ISBN:
9798400203909
ISSN:
1934-7685
Pages:
112
Keywords:
authorities' intention; government plan; revenue administration measure; authorities' effort; IMF's transparency policy; Budget planning and preparation; Credit; Global; Southern Africa; East Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 079