|Approval Date||05 Nov 2014|
|Signature Date||14 Nov 2014|
|Planned Completion Date||30 Jun 2015|
|Last Disbursement Planned Date||30 Jun 2015|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The Emergency Economic Recovery Program (PURE) is part of a concerted effort by development partners expressed, after political standardization in 2014, to support the efforts of the new Malagasy authorities to address social needs and important economic and urgent issues stemming from the political crisis. It is a Budget Support in Response to Crises (CARL), the purpose of which is to respond to the pressing and priority needs of the Malagasy people who have suffered the weight of the long political crisis that paralyzed the country for five years (2009 -2013). The implementation of the ERP, despite its urgency and short duration, will be supported by the Institutional Governance Support Project (PAGI) approved in 2013 and the new institutional support project planned for 2015 to promote private investments. The articulation of these different projects will support the Malagasy structures in the implementation of reforms but also in the production of analytical studies in important areas whose conclusions would be used to prepare future operations. Thus, the PURE contributes to the institutional development of public administrations and the private sector. It is based on two mutually reinforcing components, namely: (I) strengthening budget management, and (II) supporting the promotion of economic recovery.
The objective of the development of the PURE is to contribute to the restoration of the capacities of the State to provide first and foremost the basic social services and to the creation of the conditions of a sustainable growth and likely to allow Madagascar to leave progressively of its situation fragility, engendered by the political crisis. The PURE also aims at the following specific objectives: (i) to increase the mobilization of public resources, (ii) to improve the quality of public expenditure, through a reduction of petroleum subsidies and an important support to the basic social priority sectors, notably education and health, (iii) support public investment programs, and (iv) stimulate the private sector through the clearance of identified domestic arrears.
The Malagasy populations, who have been greatly affected by the adverse effects of the five years of socio-political crisis, will be the main beneficiaries of the PURE. The program, aimed at creating a necessary fiscal space for financing economic recovery, will not only stimulate economic growth, but also satisfy the urgent social needs in terms of education, health and social protection of the economy. most vulnerable populations. The payment of domestic arrears and the increase in productive public investment will mainly enable economic operators to benefit from business opportunities thus contributing to the creation of national wealth through productive investment and job creation, for the benefit of young people and women. The other indirect beneficiaries of the PURE are the mining companies and the oil companies.
Fragile States Facility
GOUVERNEMENT DE MADAGASCAR MINISTERE DES FINANCES ET DE ECONOMIE DIR. TRESOR
|Last Update||07 Aug 2020|