Publication:
Country-Level Effectiveness and Accountability Review : Madagascar

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dc.contributor.authorMoyart, Manuel
dc.contributor.authorDuflos, Eric
dc.contributor.authorLatortue, Alexia
dc.contributor.authorLecuyer, Francois
dc.contributor.authorIsern, Jennifer
dc.contributor.authorRauch, Hubert
dc.date.accessioned2014-02-10T19:14:28Z
dc.date.available2014-02-10T19:14:28Z
dc.date.issued2005-10
dc.description.abstractThis Country-Level Effectiveness and Accountability Review (CLEAR) examines the efficacy of microfinance aid in Madagascar, based on an objective analysis of donor assistance for the sustainable development of financial systems targeting the poor. The three levels of the financial system are the micro level (e.g., retail institutions), the meso level (e.g., apex, technical service providers), and the macro level (e.g., regulations and policies). At the micro level, there is a large number of stakeholders, and an increasing interest of banks and private investors, including a predominant stake by the Decentralized Financial Systems (DFS), as well as major roles by the local Savings Institution and the Post Office. At the meso level, there is a supply of services such as auditing. Finally, at the macro level, coordination and supervision exist, and a specific legal framework on microfinance is in place. Notwithstanding, microfinance in Madagascar remains weak, and, concerns suggest DFSs carry structural weaknesses at various levels. Additionally, it is specified services in support of microfinance are still rare, and its quality it debatable. Professional organizations need to be strengthened, particularly as lack of reliable information on financial results is concerned. At the macro level, supervisory and coordinating agencies rely on limited means, whereas the legal framework is not fully supportive. Risks suggest potential market disruptions resulting from subsidies and interest rate hikes, an implication by which the Ministry of Agriculture not always agrees with the Microfinance National Strategy. Finally, the judicial system does not rely enough in favor of the development of the financial sector.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/10/18626355/country-level-effectiveness-accountability-review-clear-madagascar
dc.identifier.doi10.1596/16961
dc.identifier.urihttps://hdl.handle.net/10986/16961
dc.languageEnglish
dc.language.isoen_US
dc.publisherCGAP and the World Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCESS TO TRAINING
dc.subjectACCOUNTING
dc.subjectADVOCACY ACTIVITIES
dc.subjectAGRICULTURAL BANK
dc.subjectAGRICULTURAL FINANCE
dc.subjectAGRICULTURAL PRODUCT
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAID EFFECTIVENESS
dc.subjectAPEX INSTITUTIONS
dc.subjectARREARS
dc.subjectAUCTION
dc.subjectBALANCE SHEETS
dc.subjectBANK BRANCHES
dc.subjectBANK RATES
dc.subjectBANKING LAW
dc.subjectBANKING NETWORK
dc.subjectBANKING REGULATIONS
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTORS
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBORROWING
dc.subjectBUSINESS PLAN
dc.subjectBUSINESS PLANS
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL MARKET
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCHECKING ACCOUNTS
dc.subjectCOLLATERAL
dc.subjectCOLLECTIVE ACTION
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOOPERATIVE BANKS
dc.subjectCOOPERATIVES
dc.subjectCORRUPTION
dc.subjectCOST OF CREDIT
dc.subjectCREDIT AGENCY
dc.subjectCREDIT ASSOCIATION
dc.subjectCREDIT BANKS
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION BUREAU
dc.subjectCREDIT SUPPORT
dc.subjectCUSTOMER BASE
dc.subjectDEBT
dc.subjectDEEDS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDISCLOSURE GUIDELINES
dc.subjectDIVERSIFICATION
dc.subjectDONOR FUNDING
dc.subjectDONOR FUNDS
dc.subjectDONOR SUBSIDIES
dc.subjectDONOR SUPPORT
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC GROWTH
dc.subjectEDUCATION SYSTEM
dc.subjectELIGIBILITY CRITERIA
dc.subjectENTERPRISE PROMOTION
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectEXTERNAL SHOCKS
dc.subjectFARMERS
dc.subjectFINANCE COMPANIES
dc.subjectFINANCES
dc.subjectFINANCIAL COSTS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SECTOR DEVELOPMENTS
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL TOOL
dc.subjectFINANCIAL TOOLS
dc.subjectFINANCIAL TRAINING
dc.subjectFINANCIAL VIABILITY
dc.subjectFINANCING FACILITIES
dc.subjectFOREIGN EXCHANGE
dc.subjectFORMAL FINANCIAL SECTOR
dc.subjectGUARANTEE FUND
dc.subjectGUARANTEE FUNDS
dc.subjectHUMAN RESOURCES
dc.subjectILLITERACY
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFORMATION SHARING
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION SYSTEMS
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST INCOME
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE POLICY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORY
dc.subjectINVESTMENT RISK
dc.subjectJOINT STOCK COMPANIES
dc.subjectLACK OF INFORMATION
dc.subjectLACK OF KNOWLEDGE
dc.subjectLAND RECORDS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL SYSTEM
dc.subjectLINES OF CREDIT
dc.subjectLOAN
dc.subjectLOAN COOPERATIVES
dc.subjectLOAN CUSTOMERS
dc.subjectLOAN DEFAULTS
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN REPAYMENT
dc.subjectLOAN VOLUME
dc.subjectLOCAL BANKS
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL FINANCIAL MARKETS
dc.subjectLONG-TERM INVESTMENTS
dc.subjectLONG-TERM LOANS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET ECONOMY
dc.subjectMERCHANT
dc.subjectMERCHANTS
dc.subjectMFI
dc.subjectMFIS
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE SECTOR
dc.subjectMONETARY FUND
dc.subjectMONEYLENDERS
dc.subjectMORTGAGES
dc.subjectNATIONAL BANK
dc.subjectNATIONAL BANKS
dc.subjectOPERATING COSTS
dc.subjectOUTREACH
dc.subjectOUTSTANDING CREDIT
dc.subjectOUTSTANDING LOANS
dc.subjectPAYMENT HISTORY
dc.subjectPENETRATION RATE
dc.subjectPOOR CLIENTS
dc.subjectPORTFOLIO MANAGEMENT
dc.subjectPORTFOLIO QUALITY
dc.subjectPOST OFFICES
dc.subjectPOSTAL SAVINGS
dc.subjectPOTENTIAL INVESTORS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTORS
dc.subjectPROFITABILITY
dc.subjectPROVISIONING RULES
dc.subjectREGISTRATION FEES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPAYMENTS
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK OF DEFAULT
dc.subjectRURAL CREDIT
dc.subjectRURAL FINANCE
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNTS
dc.subjectSAVINGS BANK
dc.subjectSAVINGS BANKS
dc.subjectSCHOLARSHIPS
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSUBSIDIZATION
dc.subjectSUPERVISORY AUTHORITY
dc.subjectSUPPLY OF CREDIT
dc.subjectTAX EXEMPTIONS
dc.subjectTAX PROVISIONS
dc.subjectTAX SYSTEM
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNICAL SUPPORT
dc.subjectTELECOMMUNICATIONS
dc.subjectTERM CREDIT
dc.subjectTRAINING CENTER
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILL
dc.subjectTREASURY BILL RATE
dc.subjectTREASURY BILLS
dc.subjectTURNOVER
dc.subjectUNFAIR COMPETITION
dc.subjectUNION
dc.subjectUNIONS
dc.subjectVILLAGE
dc.titleCountry-Level Effectiveness and Accountability Review : Madagascaren
dc.title.alternativeRevue de l'efficacite de l'aide pour la microfinance : Madagascaren
dspace.entity.typePublication
okr.date.disclosure2013-12-10
okr.date.doiregistration2025-05-05T12:43:23.942527Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/10/18626355/country-level-effectiveness-accountability-review-clear-madagascar
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid798881468055784022
okr.guid293231468269975517
okr.identifier.externaldocumentum000442464_20131210142702
okr.identifier.internaldocumentum18626355
okr.identifier.report35830
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/12/10/000442464_20131210142702/Rendered/PDF/358300WP0CLEAR00Box379886B00PUBLIC0.pdfen
okr.region.administrativeAfrica
okr.region.countryMadagascar
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.unitConsultative Group to Assist Poor
okr.volume1 of 1
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