Republic of Madagascar : Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Activation of the Trade Integration Mechanism—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Republic of Madagascar

1MDGEA2006004 Image
Price:  $15.00

Release Date: © August, 2006
ISBN : 978-1-45182-540-4
Stock #: 1MDGEA2006004
English
Stock Status: On back-order

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Description

Madagascar is one of the poorest countries in sub-Saharan Africa, ranking 146 out of 177 on the United Nations Human Development Index. The country has one of the lowest tax revenue-to-GDP ratios in the world (10.1 percent in 2005). To address these challenges, the authorities are requesting a new three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) to support their economic program for 2006–08. Broad money growth declined sharply in 2005, but credit to the private sector was strong. The banking system is profitable and well capitalized.

Taxonomy

Balance of payments , Economic policy , Economic sectors , Exchange rate policy , Foreign exchange , Inflation , Monetary policy , Private sector




More publications in this series: IMF Staff Country Reports