Madagascar project 687-0120 · 1993–1999 · financial sector · Agricultural Cooperative Development International (ACDI)

Project to facilitate the growth of private savings in Madagascar. The project, a companion to program 6870120, will strengthen the capacity of the Central Bank of Madagascar (BCRM) to implement monetary policies consistent with free market principles, and strengthen the capacity of Caisse de'Epargne de Madagascar (CEM), the parastatal National Postal Savings Bank, to facilitate access of the poor to formal financial systems. The project will provide long- and short-term TA, short-term training in-country and abroad, local salary support, and a small amount of commodities to BCRM and CEM. Assistance to BCRM will focus on the Research Department and personnel systems. The Research Department will implement a 3-year action plan, provide information necessary for policymaking, improve BCRM's capacity to formulate monetary policy and provide policy advice, and produce regular statistical, policy, and research information publications for the public at large. As for personnel management, BCRM will improve its personnel policy, including systems for staff classification, career planning, promotion, and job-rotation; review personnel needs in different departments and define training n

Source: DEC abstract, XD-ABH-192-A (1993). The source's own text.