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

Volume/Issue: Volume 2022 Issue 079

Publication date: March 2022

ISBN: 9798400203909

$20.00

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , 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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Summary

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.