Cover IMF Staff Country Reports
Republic of Madagascar: Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar
Author:
International Monetary Fund. African Dept.
Search for other papers by International Monetary Fund. African Dept. in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 316
Language:
French
Publication Date:
10 Jan 2023
DOI:
https://doi.org/10.5089/9798400227639.002
ISBN:
9798400227639
ISSN:
2790-4458
Pages:
97
Keywords:
liabilities vis-à-vis fuel distributor; IMF team; transparency policy; spending commitment authorization process; budget transparency; governance reform agenda; Budget planning and preparation; Credit; Fiscal stance; Global; Sub-Saharan Africa
Content-disclaimer:
This publication is available in PDF format only.
Download PDF (11.6 MB)
Madagascar has not yet recovered from the pandemic and is struggling with the aftermath of a severe cyclone season and the fallout of Russia’s war in Ukraine. After a sharp contraction of GDP in 2020 (-7.1 percent) and a modest recovery in 2021 (4.3 percent), growth is projected to stall in 2022. Lower demand from trading partners, higher fuel and food prices, and recent weather events are weighing on economic activity and leading to widening fiscal and external deficits in the short term.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 316