Bilateral cooperation: Libyan investors in Madagascar

After the successive visits to the country of different investors from the Eastern part of the globe including Saudi-Arabian, Thai, Chinese, it is now the turn of the Libyan investors to come to Madagascar in order to set up contracts for future investments in various fields of activity.

Indeed, the main reason for this official visit of Libyan delegation, mainly composed of technicians, is the reinforcement of the bilateral cooperation between Madagascar and Libya, and the signature of a drilling project for drinking water in thirty localities of the Southern part of Madagascar is already a significant start in that bilateral cooperation reinforcement. Besides, other investment contracts in fields like mine and oil industry, commerce and communication will soon be established, “we are only waiting for the proposals and agreements of the Malagasy government’s officials”, noted one member of the delegation.

It is, then, up to the current leaders to decide whether to accept or not such a new funding opportunity at a time when the country is facing a huge financial and economical crisis. To be honest, the arrival of new investors in Madagascar is crucial for the administration of the current government in that they would recover the losses caused by the suspension of financial support from Madagascar’s traditional partners and investors since January 2009.