The IMF has completed its First Reviews of the ECF and RSF for Madagascar, resulting in a disbursement of $101 million. Madagascar’s economic performance has been viewed as adequate but inconsistent, necessitating reforms in fuel pricing and utility management. Continuous improvements in governance and climate resilience initiatives are essential for sustainable development.
The International Monetary Fund (IMF) has finalized the First Reviews of Madagascar’s Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) arrangements. This decision enables an immediate disbursement of $101 million to support Madagascar’s economy. The country’s performance in these programs has been deemed adequate, yet it exhibits inconsistencies that need addressing.
The IMF’s disbursement reflects Madagascar’s progress under the ECF and RSF arrangements, although challenges remain. Addressing fiscal risks through an automatic fuel price adjustment and reforming JIRAMA are critical steps for sustainable growth. Governance improvements and climate resilience remain paramount for Madagascar’s economic future.
Original Source: www.miragenews.com
