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Madagascar - Joint bank-fund debt sustainability analysis : 2014 update (English)

Using the joint International Development Association (IDA) - International Monetary Fund (IMF) debt sustainability framework for low income countries, the debt sustainability analysis (DSA) assesses Madagascar’s risk of external debt distress to be low. The public DSA suggests that Madagascar’s total public and publically guaranteed (PPG) debt dynamics are sustainable, although weak fiscal revenue generation is a source of vulnerability. This DSA has been prepared jointly by IMF and World Bank staff. It is based on the framework for low-income countries approved by the respective Executive Boards. The framework takes into account indicative thresholds for debt burden indicators determined by the quality of the country’s policies and institutions. The assessment comprises a baseline scenario and a set of alternative scenarios.

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Madagascar - Joint bank-fund debt sustainability analysis : 2014 update (English). Debt Sustainability Analysis (DSA) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/515121467812778333/Madagascar-Joint-bank-fund-debt-sustainability-analysis-2014-update