Easy Credit extended : Des résultats globalement satisfaisants selon le FMI by Hôtel★★★ Restaurant gourmand Coco Lodge Mahajanga.
The international monetary fund (IMF) has been created in 1945, towards the end of World War II. The IMF has for objective to support its members in providing policy advice to Governments and central banks, studies and analyses of the economies and markets of all sizes, loans to enable countries to overcome economic difficulties and poverty as well as technical assistance and training to help countries to improve the management of their economies.
The economic recovery measures undertaken by the Malagasy authorities will result in the disbursement of other funding from the IMF.
Trust found between Madagascar and the IMF. At the end of a fact-finding mission which lasted 15 days, the delegation of the International Monetary Fund led by Ngueto Tiraina Yambaye, Executive Director of the Africa IMF rendered its conclusions to the Chairman Hery Rajaonarimampianina, yesterday at Iavoloha. Conclusions that are including overall satisfactory results regarding implementation of extended credit facility program (FEC).
Referral program. In other words, Madagascar will move on to another step after graduating in November 2015, the 42,1 the rapid Credit facility $ million. Indeed need reminding that at that time, the Board of Directors of the IMF had also approved a referral program which was designed to guide the implementation of policies, to strengthen local capacity and to establish a stronger history. It was, in fact for the part of Malagasy demonstrate a capacity sustained reforms in order to qualify for the extended Credit facility.
Performance. In any case, the positive outcome of this mission will enhance the level of grants to be awarded to Madagascar for 2016. This performance result including new measures to strengthen tax revenues through a more effective fight against fraud, the elimination of certain exemptions and efforts to reduce the informal sector. The IMF also suggested the abandonment of inefficient subsidies for fuels and public companies like the JIRAMA and Air Madagascar. In any case, you will know more on this funding during the press conference held today Antoinette Sayeh Monsio, Director of the North Africa of the IMF Department.
By Hôtel★★★ Restaurant gourmand Coco Lodge Mahajanga.
