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ivMonitoring and Evaluation and Other Issues........................................................14Outcome .................................................................................................................14Institutional Development......................................................................................14Sustainability..........................................................................................................15Bank Performance .................................................................................................15Borrower Performance ..........................................................................................155. The Private Sector Development and Capacity Building Project (PATESP) ......15Background............................................................................................................15Objectives and Design ...........................................................................................16Relevance of Objectives and Design......................................................................16Implementation and Achievements ........................................................................16Achievements under the Economic Policy Reform Program ....................17Achievements under the Private Sector Capacity Building Program ........18Monitoring and Evaluation and Other Issues........................................................19Outcome .................................................................................................................19Institutional Development......................................................................................19Sustainability..........................................................................................................20Bank Performance .................................................................................................20Borrower Performance ..........................................................................................206. The Second Structural Adjustment Credit (SAC-II) .............................................21Background............................................................................................................21Objectives and Design ...........................................................................................21Relevance of Objectives and Design......................................................................23Implementation and Achievements ........................................................................23Achievements under Economic Management ...........................................25Achievements under Privatization and Competitive RegulatoryFrameworks..........................................................................................25Achievements under Improvement in the Business Environment.............26Achievements under Public Resource Management..................................27Achievements under Governance and Public Financial Management ......28Monitoring and Evaluation and Other Issues........................................................28Outcome .................................................................................................................29Institutional Development......................................................................................29
vSustainability..........................................................................................................29Bank Performance .................................................................................................30Borrower Performance ..........................................................................................30TablesTable 1: Selected Economic Indicators, 1995-2002 ........................................................12Table 2: Budget Allocations to Social Sectors, 1995-2002 ............................................13AnnexesAnnex A: Basic Data Sheet..............................................................................................33Annex B: Actions Prior to SAC I (Credit No. 2937).......................................................41Annex C: Measures Supported by SAC II (Credit No. 3218) .........................................43Annex D: List of Persons Met .........................................................................................49Annex E: Comments from the Borrower.........................................................................50
Page 1: Document ofThe World BankReport No.
Page 5: iiiContentsPrincipal Ratings.......
Page 11: ixKey Staff ResponsibleProject Task
Page 15 and 16: xiiiSummary1. This is the Project P
Page 17 and 18: xvcountry conditions that had been
Page 19 and 20: 2growth for the first time in decad
Page 21 and 22: 4Under Economic Management:• Tech
Page 23 and 24: 6Decentralization reform component
Page 25 and 26: 83.15 Decentralization. Assistance
Page 27 and 28: 10had characterized the Bank team a
Page 29 and 30: 124.6 Inflation and credit to GOM w
Page 31 and 32: 14Table 4.2: Budget Allocations to
Page 33 and 34: 16OBJECTIVES AND DESIGN5.2 The obje
Page 35 and 36: 18supervision, the Bank advised on
Page 37 and 38: 20SUSTAINABILITY5.16 Likely. There
Page 39 and 40: 22ownership of its non-oil operatio
Page 41 and 42: 24second after completion of 50 per
Page 43 and 44: 26the sale of SOLIMA and of its sub
Page 45 and 46: 28identifying weaknesses in tax adm
Page 47 and 48: 30showed commitment to pursuing ref
Page 50 and 51: 33 Annex AAnnex A. Basic Data Sheet
Page 52 and 53: 35 Annex APRIVATE SECTOR DEVELOPMEN
Page 54: 37 Annex ASECOND STRUCTURAL ADJUSTM
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40 Annex Bbeneficiary of Malagasy a
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42 Annex CGENERAL CONDITIONS AND DE
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44 Annex CADDITIONAL MEASURESAdditi
Page 63 and 64:
46 Annex DMr. Charles Andrianaivoja
Page 65:
48 Annex EComments from the Governm
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