IMF Reviews Madagascar's Economy, Notes Slow Budget Execution
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
An International Monetary Fund team visited Madagascar between October 5 and 9, 2026, to review the country's economic status and the execution of the 2026 budget. The review covered progress on Fund-supported programs and policy intentions for the 2027 budget. The IMF noted that budget execution has been slow due to administrative bottlenecks. Authorities plan to accelerate public investment while maintaining the end-year primary balance target.
From miragenews.com
Why it matters
The review addresses Madagascar's commitments under its Extended Credit Facility and Resilience and Sustainability Facility arrangements. Implementing supplementary budget measures to rationalize tax expenditure is essential to cover emerging revenue shortfalls. The 2027 fiscal strategy, which centers on domestic revenue mobilization and reinstating the automatic fuel pricing mechanism, is critical for addressing the country's large development needs.
From miragenews.com
Who's involved
- MadagascarThe subject of the IMF's economic review.
- International Monetary FundConducted the review of Madagascar's economic status and budget execution.
- Michael RandrianirinaPresident of Madagascar.
- Andry RajoelinaFormer President of Madagascar.
Keep exploring
The entities involved
-
Madagascar
island sovereign state off the coast of Southeast Africa, in the Indian Ocean
-
International Monetary Fund
international financial institution
Related events
- The IMF assessed Nigeria's economic situation, and the federal government strengthened public finances.
- The IMF assessed the progress of Zimbabwe's economic program, with Finance Minister Mthuli Ncube briefing the IMF mission on debt restructuring.
- The International Monetary Fund (IMF) conducted a review of Sri Lanka's economic stability and debt management.
- The IMF acknowledged improving economic indicators in Nigeria in 1995.
- IMF monitors a country's fiscal performance and government implements reforms under its assessment framework.