IMF Staff Country Reports

Republic of Madagascar: Fourth Review Under the Extended Credit Facility Arrangement and Requests for a Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar

Publication Date:

June 29, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Real GDP exceeded its pre-pandemic level in 2022. However, lower demand from trading partners, recent weather events, and possible rising political tensions in the runup to the November 2023 presidential elections will continue to weigh on the outlook in 2023. While the fiscal deficit has recently widened, the settlement of crossliabilities with oil distributors is expected to improve the fiscal balance in 2023 and reduce fiscal risks going forward.

Series:

Country Report No. 2023/239

Subject:

Credit Fiscal policy Fiscal stance International organization Monetary policy Money Oil, gas and mining taxes Public debt Revenue administration Taxes

Frequency:

regular