An island nation in the Western Indian Ocean with a population of around 27 million, Madagascar ranks among the poorest countries in the world. Over 70 percent of the population lives in poverty. During the last five years, with the support of the World Bank, the IMF, and other donors, the Government of Madagascar (GOM) was seeking to move towards a market economy conducive to private sector development, openness to foreign investment, and withdrawal of the GOM from productive sectors.
- Welcome to Madagascar
Prior to the current political instability, Madagascar appeared to be moving along a positive path of growth and poverty reduction. However, following the political crisis, economic activities declined, unemployment increased, and government revenue dropped, inducing a sharp fall in public investment.
- Madagascar National Bureau of Statistics
The Madagascar National Bureau of Statistics is the principal agency of the government for collecting, analyzing, and disseminating statistical data in Madagascar.
- Central Bank of Madagascar
The principal objective of the Central Bank of Madagascar is to formulate and implement monetary policy in support of a stable market-based financial system.
- Ministry of Finance and Economy
The Ministry of Finance is responsible for developing and maintaining sound fiscal and economic policies that facilitate socio-economic development.
- CIA World Factbook Madagascar
The World Factbook provides information on the history, people, government, economy, geography, communications, transportation, military, and transnational issues for 267 world entities.
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