Madagascar's Ministry of Finance announced the end of a technical mission by International Monetary Fund staff, held from 12 January 2026, to prepare the next review of the country’s programme under the Extended Credit Facility and the Resilience and Sustainability Facility. The engagement focused on gathering information on the government’s economic and fiscal policy objectives and assessing the sustainability and credibility of public policies. Work covered the 2025 macroeconomic framework and medium-term outlook, end-2025 budget outcomes and 2026 projections in view of a revised finance law, and planned reforms including JIRAMA’s recovery plan, the fuel price adjustment mechanism, monetary policy, the external sector and governance with a focus on anti-corruption. Meetings involved key departments of the Ministry, Banky Foiben’i Madagascar, several line ministries, anti-corruption systems, JIRAMA and senior state authorities. The ministry indicated that discussions on the 2026 revised finance law will depend on the results of the Assises for economic recovery. Continuation of the IMF programme was linked to agreement on growth assumptions, stronger revenue mobilisation with a target increase of 2.4% of GDP over three years alongside a catch-up of delays observed at end-2025, and effective implementation of commitments, particularly on JIRAMA and governance.

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