Publication: Debt Management Reform Plan : Madagascar
Date
2014-02
ISSN
Published
2014-02
Author(s)
World Bank
Abstract
The reform plan pillars outlined in this
report build on the findings of the 2013 World Bank Debt
Management Performance Assessment (DeMPA) for Madagascar and
the discussions held during this mission with the central
government representatives. Recent presidential elections
and envisaged inauguration of the new government provides an
enabling environment for engaging into broad economic and
institutional reforms. Improvement of the governance
practices and continuation of the public finance management
reforms are among priorities stipulated in the
President's reform agenda. It is important to mention
that during the last two years MoFB's Treasury
undertook a number of initiatives to improve government debt
management. The Public Debt Directorate (DDP) was
reorganized in 2012 and additional staff was hired during
the last calendar year. Improvement of existing legal
framework was initiated by the DDP in close cooperation with
legal advisers of the Treasury. The main areas of reforms
identified include: (i) improvement of the legal framework,
(ii) formulation of a debt management strategy, (iii)
improvement of central government borrowing policies, and
(iv) operational risk management.
Link to Data Set
Citation
“World Bank. 2014. Debt Management Reform Plan : Madagascar. © Washington, DC. http://hdl.handle.net/10986/18953 License: CC BY 3.0 IGO.”