Madagascar Development

The Executive Board of the International Monetary Fund (IMF) has completed the second and third reviews of Madagascar's economic performance under a three-year Poverty Reduction and Growth Facility (PRGF) arrangement. The completion of the reviews enables Madagascar to draw an amount equivalent to SDR 15.7 million(about US$25 million), bringing the total disbursements under the PRGF to SDR 31.4 million (about US$ 49.9 million). In completing the review, the Board also granted waivers for the nonobservance of a quantitative performance criterion pertaining to the ceiling on the net domestic financing requirement of the central government, a quantitative performance criterion on the floor on tax revenue, a structural performance criterion on the implementation of the Central Bank of Madagascar recapitalization plan, and a structural performance criterion on the issuance by the Ministry of Economy, Finance and Budget of quarterly commitment ceilings to all ministries. The Board also m...

Event Details: Please join SID-Washington and the Corporate Council on Africa (CCA) for a presentation on the "Madagascar Action Plan: 2007-2012: A Bold and Exciting Vision for Rapid Development" by: Marius Ratolojanahary, Minister of Agriculture, Livestock and Fisheries Perline Rahantanirina, Vice Minister of Health, Family Planning and Social Protection Andry Ralijaona, General Secretary in charge of Madagascar Action Plan Ndranto Razakamanarina, Advisor for International Mobilization at SGMAP Tovondriaka Rakotobe, General Secretary of the Ministry of Environment Eric Beantanana, Marketing Officer, Economic Development Board of Madagascar Accompanied by Ambassador Niels Marquardt, US Ambassador to Madagascar The Madagascar Action Plan (MAP) is a bold and exciting new vision for Madagascar. The MAP establishes direction, commitments and priorities for the nation from 2007-2012. It is about people – the people of Madagascar – and is changing values, habits, practices and pr...