Growth rate of -0,3%

Before the political crisis, Madagascar enjoyed a growth rate of up 7%. The situation has been worsening since January 2009, when Andry Rajoelina began to rally an often lawless wild crowd on the place of May 13th, from which originate several lootings. This situation caused the closing of about one hundred businesses and corporations indeed, in few months, in the capital and his/her/its immediate outskirts. 

The up 7% growth rate of the year 2008 is already history. Economist and politician Roger Ralison, president of the Republican Party of Madagascar (PRM), esteems that it would take two or three years to the Great Isle to recover to last years’ development levels if the crisis persists. This teacher at the university of Antananarivo recalls that about 80% of state budget are financed by foreign financial backers. They have foremost suspended their support following the political crisis and the Coup of March 2009.   

Ralison Roger displays the case of the American help concerning the Millennium Contest Account program. It allowed the Great Isle to benefit 110 millions dollars. The activity breakdown in this project generated new unemployed person, confirmed the economist. In the same time, the infrastructures supposed to have now been erected would never appear. For recall, the MCA project in Madagascar has essentially been centered on the farming development.  

Besides, the quantity of the reserves in mottos within the Central Bank of Madagascar already begins to worry the economists. The Central Bank would have the equivalent of four months of import currently. The activities that allowed boosting the returns in motto, as tourism and agricultural or manufactured exports, are yet on slow-motion. If the reserves in motto run dry, with blocked financial help, the economic situation is going to get worse. For Ralison Roger, the regulation of the political crisis must necessarily materialize as early as possible. It is the only way to relaunch economic activities for real.