Republic of Madagascar: Third Review Under the Extended Credit Facility 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.

Third Review Under the Extended Credit Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar

Volume/Issue: Volume 2018 Issue 239

Publication date: September 2018

ISBN: 9781484375198

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Topics covered in this book

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Business and Economics , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , government , staff appraisal , presidential election date , parliament , Extended Credit Facility arrangement , executive board discussion , ECF arrangement , Debt sustainability analysis , Public and publicly-guaranteed external debt , Fiscal stance , Sub-Saharan Africa , Global

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Summary

The gradual economic recovery in this fragile state has persisted, with solid growth for the second consecutive year. Fiscal performance has been strong, inflation contained, and the external position robust. Implementation of the authorities’ economic program, supported by an Extended Credit Facility (ECF) arrangement approved in July 2016, has been generally strong, buttressing the recovery.