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This Precis entitled, Liberalizing trade and industry in Madagascar, complements the Bank's Operations and Evaluation Department (OED), Performance audit report, Madagascar : Industry and trade policy adjustment loan credit, Report No. 14774, dated June 30, 1995. The audit concluded that, had the Bank paid closer attention to the early warning signals that the government was not fully committed to some of the reforms, the results might have been different.
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