Madagascar - Economic Management Reform Support Programme


Project Summary

Approval Date 30 Mar 2016
Signature Date 26 Apr 2016
Planned Completion Date 31 Dec 2017
Last Disbursement Planned Date 23 Jun 2017
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 12,500,000
Status Completion

Project General Description

The PARGE is a support to the Republic of Madagascar for economic recovery and the implementation of its national strategy. This operation aims to consolidate previous budgetary support achievements and programmes and also to contribute to addressing the factors of fragility linked to: (i) growing poverty; (ii) poor management of public resources; (iii) low private investment and a deteriorating business climate; and (iv) rising unemployment and underemployment, especially among youth and women. The PARGE is structured around two complementary components: (i) Broadening the fiscal space to better support economic growth; and (ii) Promoting economic recovery through investments that create jobs and reduce socio-economic inequalities. Its implementation will have a distributive and sustainable impact, allowing the State to have the necessary budgetary space to improve the provision of essential social services, including education and health, and to better promote public and private investment.

Project Objectives

The development objective of the PARGE Reform Programme is to contribute, in consultation with other development partners, to creating the conditions for inclusive, strong and sustainable growth through the strengthening of economic management. The operational objectives of this reform programme are: (i) improving tax revenue mobilization; (ii) rationalizing public spending; (iii) improving the efficiency of public spending; and (iv) promoting investment.

Beneficiaries

The Malagasy populations, which have been severely affected by the adverse effects of the five years of socio-political crisis, will be the main beneficiaries of the programme. 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 and job creation, for the benefit of young people and women.

Participating Organization

Funding
African Development Fund
Implementing
Ministry of Finance and Budget (MFB)

Information

IATI identifier 46002-P-MG-KA0-009
Last Update 31 Oct 2019

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Contact Details

Name UMUBYEYI Angelique
Email a.n.umubyeyi@afdb.org

Geographic Location

Country Madagascar