LEADER 07323oam 22015254 450 001 9910788522703321 005 20230721050814.0 010 $a1-4623-2615-3 010 $a1-4527-3530-1 010 $a1-280-89675-2 010 $a9786613738066 010 $a1-4519-9607-1 035 $a(CKB)3360000000439018 035 $a(EBL)1608467 035 $a(SSID)ssj0000948607 035 $a(PQKBManifestationID)11576951 035 $a(PQKBTitleCode)TC0000948607 035 $a(PQKBWorkID)10965748 035 $a(PQKB)10893607 035 $a(OCoLC)568151325 035 $a(MiAaPQ)EBC1608467 035 $a(IMF)1MDGEE2007001 035 $a(IMF)1MDGEA2007001 035 $a(EXLCZ)993360000000439018 100 $a20020129d2007 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRepublic of Madagascar : $eFirst Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2007. 215 $a1 online resource (84 p.) 225 1 $aIMF Staff Country Reports 300 $aCover title. 300 $a"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country." 300 $a"January 2007." 311 $a1-4518-2541-2 327 $aCover; Contents; Abbreviations and Acronyms; Executive Summary and Issues for Discussion; I. Recent Developments; Figures; 1. Percent Contribution to Real GDP Growth at Factor Cost; 2. Consumer Price Index, January 2003-September 2006; 3. Real and Nominal Effective Exchange Rate and Relative Prices, January 2003-September 2006; II. Program Performance and Outlook for 2006; III. Economic and Financial Policies for 2007; A. The Macroeconomic Outlook; 4. Inflation, Broad and Reserve Money, 2003-2006; B. Fiscal Policy and Reforms; Text Table; 1. Fiscal Indicators, 2006-07 327 $aC. Monetary and Exchange Rate PolicyBox; 1. Progress in Public Financial Management; D. External Sector Policies; E. Public Enterprise Reform; IV. Program Monitoring and Targets; V. Risks; VI. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators, 2004-08; 2a. Government Financial Operations, 2004-08 (Billions of Ariary); 2b. Government Financial Operations, 2004-08 (Percent of GDP); 3. Quarterly Government Financial Operations, 2006; 4. Balance of Payments, 2004-08; 5. Monetary Survey, 2005-08; 6. Balance Sheet of the Central Bank (BCM), 2005-08 327 $a7. Bank Soundness Indicators, end-of-period, 2003-June 20068. Sources and Uses of Resources, 2004-08; 9. Millennium Development Goals; 10. Fund Position and Indicators of Fund Credit, 2006-10; Appendices; I. Attachment I: Letter of Intent; Attachment II: Memorandum of Economic and Financial Policies for 2006-07; Attachment III: Technical Memorandum on Monitoring the December 2006 and 2007 Targets for the Program Supported by the Arrangement Under the Poverty Reduction and Growth Facility (PRGF); II. Relations with the Fund; III. Relations with the World Bank; IV. Statistical Issues 330 3 $aThe staff report for the First Review Under the Three-Year Arrangement for the Republic of Madagascar reviews economic and financial policies. The 2007 economic program is designed to sustain growth, promote fiscal consolidation, and reduce poverty while keeping inflation to single digits and reducing the economy?s vulnerability to shocks. Central bank interventions will be limited to smoothing large variations in the exchange rate and meeting the program?s foreign reserve target. Planned spending reductions should offset any shortfall in revenues, which would allow the domestic financing target to be met. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2007/007 606 $aFiscal policy$zMadagascar 606 $aMonetary policy$zMadagascar 606 $aBalance of payments$zMadagascar 606 $aBanks and Banking$2imf 606 $aBudgeting$2imf 606 $aExports and Imports$2imf 606 $aPublic Finance$2imf 606 $aSocial Services and Welfare$2imf 606 $aTaxation$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aNational Budget, Deficit, and Debt: General$2imf 606 $aTrade Policy$2imf 606 $aInternational Trade Organizations$2imf 606 $aFiscal Policy$2imf 606 $aPublic finance & taxation$2imf 606 $aBudgeting & financial management$2imf 606 $aBanking$2imf 606 $aMacroeconomics$2imf 606 $aSocial welfare & social services$2imf 606 $aInternational economics$2imf 606 $aExpenditure$2imf 606 $aRevenue administration$2imf 606 $aPublic financial management (PFM)$2imf 606 $aBudget planning and preparation$2imf 606 $aTariffs$2imf 606 $aTaxes$2imf 606 $aBudget$2imf 606 $aExpenditures, Public$2imf 606 $aRevenue$2imf 606 $aFinance, Public$2imf 606 $aBanks and banking$2imf 606 $aTariff$2imf 607 $aMadagascar$xEconomic conditions 607 $aMadagascar$xEconomic policy 607 $aMadagascar, Republic of$2imf 615 0$aFiscal policy 615 0$aMonetary policy 615 0$aBalance of payments 615 7$aBanks and Banking 615 7$aBudgeting 615 7$aExports and Imports 615 7$aPublic Finance 615 7$aSocial Services and Welfare 615 7$aTaxation 615 7$aNational Government Expenditures and Related Policies: General 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aNational Budget 615 7$aBudget Systems 615 7$aNational Budget, Deficit, and Debt: General 615 7$aTrade Policy 615 7$aInternational Trade Organizations 615 7$aFiscal Policy 615 7$aPublic finance & taxation 615 7$aBudgeting & financial management 615 7$aBanking 615 7$aMacroeconomics 615 7$aSocial welfare & social services 615 7$aInternational economics 615 7$aExpenditure 615 7$aRevenue administration 615 7$aPublic financial management (PFM) 615 7$aBudget planning and preparation 615 7$aTariffs 615 7$aTaxes 615 7$aBudget 615 7$aExpenditures, Public 615 7$aRevenue 615 7$aFinance, Public 615 7$aBanks and banking 615 7$aTariff 712 02$aInternational Monetary Fund.$bAfrican Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788522703321 996 $aRepublic of Madagascar$92620371 997 $aUNINA