World Bank: reoriented and reduced supports

 
 
The World Bank keeps on supporting Madagascar in the crisis with some 150 millions dollars per year, though most of the expenses were dedicated to social sectors due tp international sanction directed against the HAT. 50% of the state budget is stemming from foreign support. 
 
“Investments for infrastructures are 5 times lower than what they were in 2008 although they were by that time not very relevant”, outlined Adolpho Brizzi, the Country Manager stationned in Madagascar. The recovery of support is still up to the international recognition, either of a transitional regime or of a genuine recovery of constitutional order. The World Bank will rely on the SADC´s verdict. 
 
Since foreign support is first and foremost a matter of investiment, its suspension didn’t hinder the HAT from running the administration further more. The World Bank congratulated the ruling authority for its good macroeconomic management while failiing from praising any of its positive aspect. The inflation has been limited to 10% and the financial market stability has been preserved. The foreign backer recognized the efficiency prudent fiscal management while outlining its cost. 
 
The World Bank used to offer 850 millions dollars during six years to Madagascar. After the unconstitutional government change in 2009, only 50% of them were granted. Before 2008, Bretton Woods´ institution used to grant some 250 millions of dollars per year. After 2009, only projects, impacts of which were visible in the population´s life, were financed. 
 
International sanctions led the World Bank to drift away from the economy towards the social interest. Road construction finance supplies have significantly dropped from 336 billions of ariary in 2008 to only Ar 150 billions in 2010. Industry waved goodbye to Ar 86 billions, and had to deal with merely Ar 22 billions during the very same period. 
 
The World Bank focused its economic support on rural development during the crisis. Investments were increased from 84 billions ariary in 2008 to the 140 billions in 2009 before dropping to 100 billions in the following year. On the other hand, the budgetary supports suffered a drastic cut from Ar 200 billions in 2008 to Ar 11 billions in 2010. Supports dedicated to institutions have been divided by three, and amounted to Ar 27 billions in 2010. 
 
The World Bank is going to keep on focusing its support on the social sector.  9 social projects recieved 50 billions ariary in 2011. The crisis and the economic sanctions against Madagascar did not negatively affect the healthcare system, as its support rose from Ar 360 billions in 2008 to Ar 512 billions in 2010. With merely Ar 32 billions in 2010 against Ar 100 billions in 2008, the environmental sector happens to be one of their victims.