Some 100.000 direct jobs are threatened in first lines because of the crisis according to Christian Ntsay, the International Labour Organization's representative in Madagascar.  The global financial downturn and the subsequent decrease of direct foreign investments are worsening the situation. 

Besides, the pending risk of Madagascar's exclusion form the list of the AGOA beneficiary countries is jeopardizing tens of thousands of other jobs in the private sector.  

This year is to become Madagascar's first ever year of negative growth since 2002 despite the 7% positive forecasts. The year 2010 is not very flashy either. A large number of private investments have actually been cancelled this year. 

The latest report from the World Bank on Madagascar's financial situation has, moreover unveiled that the Madagascan State is starting to be seriously running out of cash. More than half of the public expenditures having been supported by the local financial market during the latest months. And the civil servants' pay check delays for the month of October is already appearing as a very bad sign. 

In the meantime, large scale building works have thoroughly withered from Madagascar's landscape. All of the country's infrastructure projects have been indeed financed by foreign partners who have now suspended their help to the Great Isle. 

The release of a certain amount of foreign funds will closely be hanging up to the outcome of political talks between mobilities bound by the signature of the Maputo agreements. The so named talks should normally come to an end with the next mobility leaders' meeting on November 3rd in Addis-Ababa, Ethiopia.