Madagascar’s governor on targeting M3 over inflation
Central Bank of Madagascar head Aivo Andrianarivelo speaks about introducing an interest rate corridor, diversifying from dollars to gold, using instant payments to bolster inclusion and drawing on IMF sustainability funding
How important was it for Madagascar to secure an IMF extended credit facility (ECF) for $337 million plus a resilience and sustainability facility (RSF) arrangement for $321 million this year?
The ECF programme not only offers support but provides us with an opportunity to improve our reforms. Madagascar’s economic reforms cover many aspects including improvements in tax, subsidies, revenues and electricity supply – the latter of which is still a major problem. This programme supports efforts to
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