Country Partnership Framework for the Republic of Madagascar for the Period of FY17-FY21
This Country Partnership Framework (CPF) sets out the World Bank Group’s (WBG) strategy in Madagascar for the period of FY17‐FY21. As the country has emerged from a political crisis, the CPF supports the Government’s goal of generating a higher, in...
| Main Authors: | , , |
|---|---|
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/725881498788115661/Madagascar-Country-partnership-framework-for-the-period-of-FY17-FY21 http://hdl.handle.net/10986/27568 |
| Summary: | This Country Partnership Framework (CPF)
sets out the World Bank Group’s (WBG) strategy in Madagascar
for the period of FY17‐FY21. As the country has emerged from
a political crisis, the CPF supports the Government’s goal
of generating a higher, inclusive and sustainable growth
path to reduce poverty, as presented in its 2015‐2019
National Development Plan (NDP). The expanded resources and
the larger range of instruments available under IDA18 enable
the WBG to support the Government in putting the country on
a higher development trajectory, by investing at scale in a
few areas that could unlock Madagascar’s development.
Success in achieving ambitious goals, such as doubling the
rate of electricity access, will hinge on the authorities’
ability to sustain reforms while addressing some of the
causes of the country’s cyclical instability. The program
proposed under this CPF seeks to increase the resilience of
the most vulnerable people and to promote inclusive growth,
while strengthening national and local institutions so as to
reduce fragility. Risks to achieving those objectives
continue to be substantial and will require the WBG to adopt
a flexible approach. First, the nascent rebound in economic
growth has not yet been felt by a large majority of the
population. The depth of poverty is also such that extreme
climate events could quickly reverse the small gains
achieved since 2014 and fuel social tensions. Second,
presidential elections are expected to take place in late
2018. They could generate a slowdown in the adoption of
reforms and lead to a rise in political tensions. Recent
crises have occurred around elections and thus the
possibility of another crisis cannot be excluded. Finally,
it remains to be seen if the Government will be able to
address the roots of the country’s fragility and change the
bargain between the elites and the rest of the population,
including by creating a more level playing field for the
private sector. These risks will require the WBG to monitor
closely the country context and be ready to adapt its
approach throughout the CPF period. |
|---|