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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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2007. "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," IMF Staff Country Reports 2007/007, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/007
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20211
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    Cited by:

    1. Andrés-Domenech, Pablo & Saint-Pierre, Patrick & Smala Fanokoa, Pascaux & Zaccour, Georges, 2014. "Sustainability of the Dry Forest in Androy: A Viability Analysis," Ecological Economics, Elsevier, vol. 104(C), pages 33-49.
    2. Daoud, Adel & Reinsberg, Bernhard & Kentikelenis, Alexander E. & Stubbs, Thomas H. & King, Lawrence P., 2019. "The International Monetary Fund’s interventions in food and agriculture: An analysis of loans and conditions," Food Policy, Elsevier, vol. 83(C), pages 204-218.

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