Publication:
Madagascar : Debt Management Performance Assessment

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-02-26T15:30:11Z
dc.date.available2015-02-26T15:30:11Z
dc.date.issued2013-03-01
dc.description.abstractMadagascar's central government debt stood at around 30 percent of gross domestic product (GDP) in 2011. Due to political developments in 2008-2009, the Acting government of Madagascar has limited borrowing opportunities from both external and domestic lenders. This situation is expected to change after the upcoming general elections planned for mid-2013. The legal framework for government debt management is unclear in some parts and in general underdeveloped. Thus, for 2013 fiscal year, the Parliament has authorized the government to borrow internally and externally for the implementation of various development projects. There are no specific debt management objectives, no requirement to develop a debt management strategy, and no evaluation process reflected in the primary legislation. An important step has been taken by reorganizing the Public Debt Directorate (PDD) of the Ministry of Finance and Budget as the Principal DeM entity of the government. It manages both external and domestic debt, and takes part in all loan negotiations. Yet to be prepared is a debt statistical bulletin and a comprehensive DeM strategy. There was one external compliance audit prepared in 2011 for the period of 2006-2008, but no performance audits. The final audit report was developed in 2012, but is not made public. There is no formal or informal debt management strategy in Madagascar. There is also no evaluation and disclosure of information on public government debt management. The debt statistical bulletin, prepared during 2012, is still in a draft form.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/03/18403292/madagascar-debt-management-performance-assessment-dempa
dc.identifier.doi10.1596/21521
dc.identifier.urihttps://hdl.handle.net/10986/21521
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTING
dc.subjectAMORTIZATION
dc.subjectARREARS
dc.subjectAUCTION
dc.subjectAUCTION SYSTEM
dc.subjectAUCTIONS
dc.subjectAUDITORS
dc.subjectBANK ACCESS
dc.subjectBANK ACCOUNT
dc.subjectBANK ACCOUNTS
dc.subjectBANK FINANCING
dc.subjectBANK RATE
dc.subjectBANKING SECTOR
dc.subjectBID
dc.subjectBIDS
dc.subjectBINDING CONSTRAINT
dc.subjectBOND ISSUES
dc.subjectBORROWING PLAN
dc.subjectBUDGET DEFICIT
dc.subjectBUDGETARY FRAMEWORK
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITALIZATION
dc.subjectCASH BALANCE
dc.subjectCASH BALANCES
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENT DEBT
dc.subjectCHECKS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRACTUAL OBLIGATIONS
dc.subjectCREDIT RISK
dc.subjectCREDIT RISK ASSESSMENT
dc.subjectCREDIT RISK ASSESSMENTS
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT DATA
dc.subjectDEBT DATABASE
dc.subjectDEBT DATABASES
dc.subjectDEBT INTEREST
dc.subjectDEBT LEVELS
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT OUTSTANDING
dc.subjectDEBT PAYMENTS
dc.subjectDEBT RATIOS
dc.subjectDEBT RELIEF
dc.subjectDEBT SECURITY
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBT SERVICING
dc.subjectDEBT STOCK
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEBT TRANSACTIONS
dc.subjectDEBT-SERVICE
dc.subjectDEFICIT FINANCING
dc.subjectDERIVATIVES
dc.subjectDEVELOPMENT BANK
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC BORROWINGS
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC DEBT MARKET
dc.subjectDOMESTIC FINANCIAL MARKET
dc.subjectDOMESTIC MARKET
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC POLICY
dc.subjectEXCESS LIQUIDITY
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL BORROWINGS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FUNDING
dc.subjectFINANCES
dc.subjectFINANCIAL ACCOUNTABILITY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STATEMENTS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGOVERNMENT BANK
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT BORROWINGS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEBT SECURITIES
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT PAPER
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGRACE PERIOD
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHUMAN RESOURCE
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSTRUMENT
dc.subjectINTEREST CALCULATION
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL STANDARD
dc.subjectINVESTING
dc.subjectINVESTMENT FINANCING
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT PURPOSES
dc.subjectISSUANCE
dc.subjectISSUANCE OF GUARANTEES
dc.subjectISSUANCE OF TREASURY BILLS
dc.subjectISSUANCES
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROVISIONS
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLENDING AGREEMENT
dc.subjectLENDING AGREEMENTS
dc.subjectLENDING DECISIONS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLOAN
dc.subjectLOAN AGREEMENT
dc.subjectLOAN AGREEMENTS
dc.subjectLOAN BALANCE
dc.subjectLOAN CONTRACT
dc.subjectLOAN DATA
dc.subjectLOAN GUARANTEE
dc.subjectLOAN GUARANTEES
dc.subjectLOAN TERMS
dc.subjectLOCAL BANKS
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL GOVERNMENT
dc.subjectLONG-TERM EXTERNAL DEBT
dc.subjectLONG-TERM MATURITY
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC UNCERTAINTIES
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMARKET BORROWING
dc.subjectMARKET INSTRUMENTS
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET PLAYERS
dc.subjectMARKETS DEVELOPMENTS
dc.subjectMATURITIES
dc.subjectMATURITY DATE
dc.subjectMATURITY DATES
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY FINANCING
dc.subjectMONETARY INSTRUMENTS
dc.subjectMONETARY POLICY
dc.subjectOPERATIONAL EXPENDITURES
dc.subjectORGANIZATIONAL STRUCTURE
dc.subjectPAYMENT ORDER
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPERFORMANCE ASSESSMENT
dc.subjectPERFORMANCE AUDITS
dc.subjectPERFORMANCE INDICATOR
dc.subjectPERFORMANCE INDICATORS
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPORTFOLIO
dc.subjectPOVERTY REDUCTION
dc.subjectPRIMARY DEALERS
dc.subjectPRIMARY MARKET
dc.subjectPRINCIPAL REPAYMENT
dc.subjectPROGRAM MANAGER
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT DATA
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR DEBT
dc.subjectREFORM PLAN
dc.subjectREGISTRY SYSTEM
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPAYMENT
dc.subjectRESERVES
dc.subjectRETAIL INVESTORS
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectSALE OF SECURITIES
dc.subjectSCHEDULE OF ISSUANCE
dc.subjectSECURITIES
dc.subjectSTATE GUARANTEE
dc.subjectSUPREME AUDIT INSTITUTIONS
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectT-BILL
dc.subjectT-BILLS
dc.subjectT-BONDS
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTOTAL DEBT
dc.subjectTRANSACTION
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTREATIES
dc.subjectTREATY
dc.subjectTURNOVER
dc.subjectUSE OF DERIVATIVES
dc.titleMadagascar : Debt Management Performance Assessmenten
dspace.entity.typePublication
okr.date.disclosure2015-02-10
okr.date.doiregistration2025-05-07T09:14:16.110983Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Debt Management Performance Assessment
okr.docurlhttp://documents.worldbank.org/curated/en/2013/03/18403292/madagascar-debt-management-performance-assessment-dempa
okr.globalpracticeFinance and Markets
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid159371468056676326
okr.identifier.externaldocumentum000356161_20131016163036
okr.identifier.internaldocumentum18403292
okr.identifier.report81860
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/16/000356161_20131016163036/Rendered/PDF/818600WP0P14420official0use0only090.pdfen
okr.region.administrativeAfrica
okr.region.countryMadagascar
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.topicInternational Economics and Trade::External Debt
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Expenditure Policy
okr.topicPublic Sector Development
okr.unitEconomic Policy & Debt Unit (PRMED)
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