Documents et rapports

Madagascar Economic Update: Bridging the Productivity Divide (anglais)

Madagascar’s economy is recovering but remains uneven. Growth is estimated at 4.2 percent in 2024. Several sectors in the economy have yet to return to their pre-2020 output levels. The services sector...

Madagascar Economic Update : Setting a Course for Recovery (français)

Prior to the pandemic, Madagascar was on sustained recovery path and achieved progress in poverty reduction. The economic revival in the period leading up to the COVID-19 (coronavirus) crisis was supported...

Madagascar Economic Update : Setting a Course for Recovery (anglais)

Prior to the pandemic, Madagascar was on sustained recovery path and achieved progress in poverty reduction. The economic revival in the period leading up to the COVID-19 (coronavirus) crisis was supported...

Madagascar - Economic update (English|French)

Madagascar economic update : Madagascar - Évolution économique récente (français)

Trade deficit narrowed as import value decreased due to the decline in international energy prices, while exports has not been affected significantly by the slight fall in raw materials and agricultural...

Madagascar - Recent economic evolution : Madagascar - Evolution economique recente (français)

Macroeconomic conditions remained generally stable at end-2014. The growth rate is estimated at 3 percent, driven by extractive industry and services sector. Inflation is contained at 6 percent on a year-on-year...

Madagascar - Évolution économique récente (français)

The economic recovery has not yet materialized eight months into the year 2014 because the government of Madagascar has little resources with which to make interventions, and the private sector is still...

Madagascar - Évolution économique récente (français)

The economic slowdown continues during the first semester of 2014 and the projected gross domestic product (GDP) growth rate for the year remains weak. Financing from technical and financial partners has...

Madagascar - Evolution economique recente (français)

The year 2013 was another lost year to the Malagasy economy. The GDP growth rate is estimated at 2.4 percent, mainly pulled up by mining activities. The primary sector contracted due to natural disasters...

Madagascar economic update : aid effectiveness during political instability - a look at social sectors (anglais)

In Madagascar, donors have traditionally counted for almost half of the government's budget and have been, by far, the main source of funding in social sectors. Since the beginning of the crisis, official...

Madagascar economic update : fiscal policy - managing the present with a look at the future (anglais)

At the end of 2010, the fiscal situation appears under control with a relatively small deficit estimated around 2 percent of Gross Domestic Product (GDP). This is good news in a country that still suffers...

Madagascar economic update : a closer look at three strategic areas (anglais)

On the economic front, Madagascar's quest for stability has continued with persistent trends in major indicators over the last few months. Yet, the authorities have been managing strategic prices, intervening...

Madagascar economic update : why has the Malagasy economy not yet collapsed? (anglais)

The Madagascar's economy has suffered but not collapsed since the beginning of the political crisis in early 2009. This resistance is viewed mainly as the combination of: 1) the modest rebound in private...

Madagascar economic update : what's going on? (anglais)

After one year of political crisis, uncertainty remains the key word. Private activities have rebounded compared to the first quarter 2009 but are still far from their pre-crisis levels. Fiscal policy...

Madagascar economic update : 2009 and beyond (anglais)

At the end of 2008, prospects for Madagascar were high with a projected economic growth rate above 7 percent. About twelve months later, unfortunately, the situation looks very different with the impact...

Madagascar economic update : growing public spending and more to come (anglais)

For the first time since the beginning of the crisis, the government spent massively through a combination of debt-service and investment outlays in October. Other trends remained approximately the same...

Madagascar economic update : growing down (anglais)

Amidst the uncertainty of the political crisis and the chaotic return to a democratic government, the downward economic trends depicted by the last economic update persisted during September. The Government...

Madagascar economic update : when political instability becomes economic downfall (anglais)

Financial and economic data are increasingly difficult to obtain due to the persistent political crisis and continuing instability within the public administration. Any effort to diagnose the state of...

Madagascar economic update : unexpected but fragile stability in the economy (anglais)

Politically as well as economically, an unexpected but fragile stability was observed in June 2009. Higher tax revenues helped finance some capital spending in the social sectors and in agriculture, but...

Madagascar economic update : a transition...but challenges are coming soon (anglais)

So far the dialogue between the main political parties has failed to produce an agreement on the way forward for a return to a democratic Government. Meanwhile, while continuing to deteriorate, the economy...