HAT: economy is being braked by the politics

The HAT´s new minister of economy is holding the international recognition as the key of the economic recovery. « Lower industrial activity contributes to the deterioration of economic and social conditions, which impacts on households « , argued Pierrot Rajaonarivelo. The international community´s support is however being begged in a very much unsuited situation 

The new government´s economy minister believes that the internal political crisis and the world economic crisis have negative effects on the country´s economy. The remedy would be therefore all the way be political and economic. Pierrot Rajaonarivelo is calling for technical and financial support from the international community in order to recover democratic bases, on one hand, and rebuild the economy, on the other hand. For the time being, the HAT is financially not able to do it all by itself, although elections are expected to be held in 2011.   

The international recognition expected by the HAT would eventually provide the ruling power with foreign financial support. The HAT´s minister for the economy expects to direct those potential spending in the industry. Such an economic action would let families find a breadwinning job and re-launch the consumption, according to Pierrot Rajaonarivelo all. 

His predecessor in charge of the economy has rather satirizing about the coiled ties between politics and the economy. « No one can manage economy without politics, and the private sector is the one paying for it « . Without being capable of solving the political crisis, the dictating authority has rather sacrificing the country´s economy when merely keeping the state running. « We must free the economy from politics « , concluded Richard Fienena. 

The private sector agreed on increasing its commitment into boosting investments but requires the same commitment from the HAT. The international fair of Madagascar is rich in promises for its year 2011´s edition. Some 500 investors are being expected. « Some large scale investments of 1billion $ to 2 billion Euros are being expected « . « Such investments are not for a one year long stay .The state must commit to ease these investors` life and improve the economic attractiveness  » argued Dominichini Ramiaramanana, the fair´s organizer. 

The HAT´s economic forecasts in this year 2011 are a plus 2,8% high growth, after two consecutive years with nearly nothing. The industrial sector is expected to grow by 12,6% against 0,9% for the primary sector and 2,9% for the services sector. This potential improvement would be caused by contribution from large scale mining projects.