IMF and Madagascar Reach Staff-Level Agreement on the First Review of the Extended Credit Facility
The review’s completion would allow the disbursement of SDR 48.88 million (about US$69 million) to Madagascar to cover external and fiscal financing needs
IMF team and the Malagasy authorities reached a staff-level agreement on the first review of Madagascar’s economic reform program under the Extended Credit Facility; Growth is gradually recovering, but the pandemic has increased poverty and the ongoing famine in the South is a major source of concern, requiring strong policy…