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150128 ||| eng |
| 020 |
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|a 9781451825206
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| 245 |
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0 |
|a Madagascar
|b Recent Economic Developments
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1995
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| 300 |
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|a 89 pages
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| 651 |
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4 |
|a Madagascar, Republic of
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Commercial banks
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| 653 |
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|a Banks
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| 653 |
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|a Banks and banking
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| 653 |
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|a Currency; Foreign exchange
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| 653 |
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|a Financial institutions
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Trade: General
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Arrears
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| 653 |
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|a Mortgages
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| 653 |
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|a International economics
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Debts, External
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| 653 |
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|a External debt
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a International trade
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| 653 |
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|a Exports
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Banking
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| 653 |
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|a Foreign exchange
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| 710 |
2 |
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|a International Monetary Fund
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Country Reports
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| 028 |
5 |
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|a 10.5089/9781451825206.002
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/1995/064/002.1995.issue-064-en.xml?cid=544-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper describes the economic developments in Madagascar during the 1990s. In early 1994, the authorities prepared a medium-term policy statement with an outward orientation. Accordingly, a sweeping reform of the exchange and trade system was implemented in May 1994, including the floating of the Malagasy franc. However, financial policy was not sufficiently supportive: ad hoc tax exemptions were granted, particularly to foodstuffs and petroleum products, and other taxes were not fully collected. Thus, the fiscal deficit deteriorated, leading to a sharp acceleration in money creation and inflation, which rose to 61 percent by end-1994
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