Structural Adjustment, Growth, and Poverty in Madagascar
Author | : Paul Anthony Dorosh |
Publisher | : Cornell Food & Nutrition Policy Programs |
Total Pages | : 122 |
Release | : 1994 |
Genre | : Equilibrium (Economics) |
ISBN | : |
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Author | : Paul Anthony Dorosh |
Publisher | : Cornell Food & Nutrition Policy Programs |
Total Pages | : 122 |
Release | : 1994 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Author | : David E. Sahn |
Publisher | : Cambridge University Press |
Total Pages | : 326 |
Release | : 1999-08-13 |
Genre | : Business & Economics |
ISBN | : 9780521665131 |
In this 1998 study the authors isolate the effect of specific policy measures associated with adjustment programs in ten African countries.
Author | : International Monetary Fund. African Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 59 |
Release | : 2015-01-30 |
Genre | : Business & Economics |
ISBN | : 1475574797 |
KEY ISSUES Context: Madagascar is one of the poorest countries in the world. Weak economic growth has contributed to persistent and increasing poverty with deteriorating social indicators. In a fragile environment, the uncertainty linked to political instability, weak institutions, and weak governance has eroded the foundation for solid economic growth, with short-term rent-seeking having taken precedence over longer-term nation building. Outlook and Risks: The authorities are at a crossroads. A well-prioritized medium-term economic program that is implemented concertedly would increase growth and reduce poverty. This will require resources in order to undertake essential investment in infrastructure, as well as to increase social spending on education and health. However, there are downside risks, whereby a slow pace of reform implementation would keep Madagascar on a path of economic stagnation and persistent poverty. Fiscal Policy: There is a need to increase fiscal space in order to raise the level and efficiency of pro-poor/pro-growth spending while preserving debt sustainability. This will involve a broadening of the tax base, supported by a comprehensive revenue mobilization strategy, improving the composition and quality of budgetary spending, and reinforcing public financial management. Monetary and Exchange Rate Policies: To facilitate an active monetary policy and safeguard macroeconomic stability, it will be important to increase central bank independence, strengthen its oversight mechanisms, and recapitalize the central bank. A floating regime remains appropriate, but it will be important to ensure that the foreign exchange market is liquid and reflects market conditions. Structural Reforms: There is a need to strengthen the economic climate, including through improved governance and social development policies that would send a clear signal, both within society and to development partners, confirming the government’s commitment to reform. To help build public support for continued reforms, it would be advisable to build an early track record of “small victories/quick wins”.
Author | : Paul Anthony Dorosh |
Publisher | : |
Total Pages | : 192 |
Release | : 1990 |
Genre | : Business & Economics |
ISBN | : |
Author | : International Monetary Fund |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 46 |
Release | : 2005-10-11 |
Genre | : |
ISBN | : 9781451825367 |
This paper discusses key findings of the Ex Post Assessment of Longer-Term Program Engagement for Madagascar. The paper focuses on performance during the programs supported by the 1989 and 1996 Enhanced Structural Adjustment Facility programs, and the 2001 Poverty Reduction and Growth Facility. Despite nearly continuous involvement by the IMF, other international financial institutions, and bilateral donors, economic progress has been slow. Only the most recent years have witnessed inroads into poverty reduction of some significance. However, the country's growth base remains narrow, and its institutional framework and governance weak.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 77 |
Release | : 2004-12-10 |
Genre | : Business & Economics |
ISBN | : 1451825331 |
This paper examines Madagascar’s Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Nonobservance of Performance Criteria. Madagascar’s performance under the program was broadly satisfactory, taking into account the impact of the exogenous shocks and corrective actions taken by the authorities. Efforts to bring tax revenue and net foreign assets—the two indicative targets missed at end-June—back on track over the summer were successful. Progress was also made in structural reform, although with some delays.
Author | : International Monetary Fund. African Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 59 |
Release | : 2015-01-30 |
Genre | : Business & Economics |
ISBN | : 1484301994 |
KEY ISSUES Context: Madagascar is one of the poorest countries in the world. Weak economic growth has contributed to persistent and increasing poverty with deteriorating social indicators. In a fragile environment, the uncertainty linked to political instability, weak institutions, and weak governance has eroded the foundation for solid economic growth, with short-term rent-seeking having taken precedence over longer-term nation building. Outlook and Risks: The authorities are at a crossroads. A well-prioritized medium-term economic program that is implemented concertedly would increase growth and reduce poverty. This will require resources in order to undertake essential investment in infrastructure, as well as to increase social spending on education and health. However, there are downside risks, whereby a slow pace of reform implementation would keep Madagascar on a path of economic stagnation and persistent poverty. Fiscal Policy: There is a need to increase fiscal space in order to raise the level and efficiency of pro-poor/pro-growth spending while preserving debt sustainability. This will involve a broadening of the tax base, supported by a comprehensive revenue mobilization strategy, improving the composition and quality of budgetary spending, and reinforcing public financial management. Monetary and Exchange Rate Policies: To facilitate an active monetary policy and safeguard macroeconomic stability, it will be important to increase central bank independence, strengthen its oversight mechanisms, and recapitalize the central bank. A floating regime remains appropriate, but it will be important to ensure that the foreign exchange market is liquid and reflects market conditions. Structural Reforms: There is a need to strengthen the economic climate, including through improved governance and social development policies that would send a clear signal, both within society and to development partners, confirming the government’s commitment to reform. To help build public support for continued reforms, it would be advisable to build an early track record of “small victories/quick wins”.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 86 |
Release | : 2003-07-03 |
Genre | : Business & Economics |
ISBN | : 1451825307 |
Madagascar showed satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that the crisis has undermined the timely achievement of the program, requiring the government to redouble its efforts. They welcomed the 2003 budget and stressed the need for strengthening fiscal and monetary policies and accelerating structural reforms. They urged the need to address the problems of inefficiency and corruption in the public administration. They emphasized the need to decisively implement the strategy, and successfully complete the third review under the PRGF arrangement.
Author | : Philippe De Vreyer |
Publisher | : World Bank Publications |
Total Pages | : 463 |
Release | : 2013-06-07 |
Genre | : Business & Economics |
ISBN | : 0821397826 |
Although labor is usually the unique asset upon which poor people can make a living, little is known about the functioning of labor markets in Sub-Saharan Africa. The purpose of this volume is to contribute to the building of knowledge in this area. In this book, the authors use a unique set of identical and simultaneous labor force surveys conducted in seven capitals of Western Africa, as well as in some other African countries (Cameroon, Madagascar, Democratic Republic of Congo) in the 2000s. They present innovative and original results on how people are faring in these labour markets, using up-to-date econometric and statistical methods. Because so little is known about labor markets in the region, each chapter starts with detailed descriptive statistics that aim to shed light onto specific aspects of African urban labor markets. Comparisons between the ten cities are systematically carried out. Descriptive sections are followed by in-depth analyses on various issues. The book is divided into four parts that examine 13 topics. Part I presents the main stylised facts, which are investigated further in a more analytical way throughout the volume. Part II focuses on job quality and labor market conditions, such as unemployment and underemployment, vulnerability, and job satisfaction. Part III explores the many dimensions of labor market inequalities through various lenses, such as returns on education, segmentation, life-cycle inequality (with a particular focus on old age), inter-generational mobility, time related inequality, and gender and ethnic earnings discrimination. Part IV addresses some key coping mechanisms and private responses, with a focus on migration and child labor. The book concludes with recommendations for future research.
Author | : International Monetary Fund. African Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 64 |
Release | : 2015-01-30 |
Genre | : Business & Economics |
ISBN | : 1498353061 |
This Selected Issues paper presents a study on poverty in Madagascar. Madagascar is a country with general, widespread, and increasing poverty. Most of the population is extremely poor and struggling to pay for food. Madagascar has the potential to grow rapidly. It is endowed with abundant natural resources, a unique wildlife, and a young, vibrant, and rapidly growing population. Taking full advantage of the young population will require higher investment in education and healthcare. Economic inequality appears to have declined and the poorest have in fact increased their consumption. Thus, while it is true that more people are poor today than in 2001, on average those who are deepest into poverty appear to be economically better off today than in 2001. Poverty is primarily a rural challenge. An overriding majority of the population lives in rural areas and rural poverty rates are almost double those of urban areas.