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|z 9781451825206
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|a 1934-7685
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Madagascar :
|b Recent Economic Developments.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1995.
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|a 1 online resource (89 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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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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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 1995/064
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/1995/064/002.1995.issue-064-en.xml
|z IMF e-Library
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