Economics

"We have money, and we have enough what it takes to make elections", the excess of optimism is at the heart of the transitional authorities' classical economic propaganda. As the Rajoelina administration is straining to downsize the political crisis by recovering the unilateral transitional path, the backlashes of the economic and social crisis are definitely going to shoot up in 2010. Lire la suite »

A national debate to assess the AGOA, the post mortem treatment idea is on its way. The transitional authorities are staining to downsize the economic and social backlashes of Madagascar's cast aside. Lire la suite »

The United States' acting ambassador does no more believe in Madagascar's chances to appear in the list of the AGOA agreement's beneficiary countries in 2010. The tax free mainly textile orientated enterprises will be penalized by this politically originated "sanction". "The Party" is, in response, currently striving to minimize the relevance of the American market. Lire la suite »

National assembly for tourism prior to the second leg of the Enjoy Madagascar exhibition, the whole sector is working hard to prepare the year 2010 as good as possible. The crisis' backlashes were, this year, less disastrous than previously expected: tourist flow dropped by 50% compared to its 2008 level. Lire la suite »

The Treasury secretary met the members of the "Rajoelina" government and ministries' secretary generals for a briefing meeting about the settlement of the State budget. In 2010, the administration will still have to tighten its belt though foreign backing is being expected. This budget plan's fate is closely linked to the erection, successful or not, of the transitional legislative institutions Lire la suite »

The meeting between the Treasury secretary and the private sector was an information exchange. Far reaching decisions did not emerge either for the re-launch of the economy or for the completion of the Year 2010's budget plan, but small gestures did. The economic perspective for 2010 is slightly optimistic, with a wee bit more viable growth in expectation of the restoration of foreign helps and big investments. Lire la suite »

As the State is on the verge of bankruptcy, the funds "distributed" by Andry Rajoelina to the Sirama corporation's workers are raising questions anew. The amount is relatively insignificant, but the propaganda effect is at the heart of the debate. The Finance Minister confirmed that the money stemmed from the State Treasury. Lire la suite »

The show for employment organized by the representation of the International Labour Organization (ILO) has invaded by visitors. On the first day, some 2000 youths rushed into the Carlton hotel, attracted by the announcement of one thousand of offers proposed by the exhibitors. The political crisis definitely worsened the employment recession in Madagascar. Lire la suite »

The local development fund supportive of Communes has been re-launched without waiting for foreign help and financings. The new departure was whistled on November 13th with whatever left available. For the government of transition, the HAT one, the most important is to show political will off. Lire la suite »

The Central Bank of Madagascar intervened on the inter bank currency market. The amount of this intervention aiming at controlling the balance between offer and demand has not been revealed in order to block speculations. In any case, the Treasury secretary appeared satisfied with the operation that permitted to keep the ariary alive; now a euro is worthing 2920 points. Lire la suite »