THURSDAY, 4.00PM:
THE International Monetary Fund has released a report on Madagascar, which praises the increase in GDP, the decrease in inflation, and the accumulation of international financial reserves. But it warns that the debt burden remains high and urges the “continued pursuit of a prudent monetary stance”
The government has been praised for its decision to privatise 50 public enterprises within the next year, and urged to add the largest enterrpises to the list and to ensure transparency during the privatisation process.
The report warns: “Madagascar’s debt burden remained high, and the economy continues to be vulnerable to external shocks … Much more remains to be done to meet Madagascar’s pressing development needs and to reduce poverty … [The IMF] encouraged the authorities to push forward with structural reforms, and establish a transparent regulatory and legal framework.”