01903cas a2200241 a 4500 AALejournalIMF016427 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513591162 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Republic of Madagascar : Staff-Monitored Program and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (90 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Madagascar's Staff-Monitored Program (SMP) and Request for Disbursement under the Rapid Credit Facility (RCF). Madagascar's economic recovery has failed to gain momentum in 2015, largely due to external shocks, persistent political instability, and weak governance. Nonetheless, the authorities have implemented an adequate policy mix that has broadly maintained macroeconomic stability. In light of urgent balance of payments needs, the Malagasy authorities are requesting a second disbursement under the RCF, accompanied by a SMP. The IMF staff supports the authorities' request for a disbursement under the RCF based on the policy track record over the past six months. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/325 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/325/002.2015.issue-325-en.xml IMF e-Library