Now is the time to invest in Madagascar. The government has put in place a series of initiatives to ensure that the long-term political and economic climate is geared toward creating the right conditions for economic growth and for attracting foreign investment. These include the
Madagascar Action Plan
The M A P is a bold, five-year plan, which establishes direction and priorities for the nation from 2007 to 2012. It states the commitments, strategies and actions that will ignite rapid growth, lead to the reduction of poverty, and ensure that the country develops in response to the challenges of globalization.
(
MAP
Madagascar Action Plan (MAP) Commitment 6 High Growth Economy
The Madagascar economy is in a dynamic growth trajectory. Since the late 1990s the economic growth rate has been showing solid improvement from an annual growth rate of 2.1% in 1996 to an average rate of 5.5%, one of the highest in the region.
Within the framework of the MAP, the objective is to achieve a high growth economy with growth rates reaching between 7% and 10% by 2012. The government will ensure a diversified and strong private sector driven by local and international investment and trade and will generate the fundamental conditions that will support the facilitation of business.
), the
Economic Development Board
The government is committed to generating a robust climate for long-term foreign investment. The Economic Development Board of Madagascar set up in 2006 is making significant progress on the objectives as set out below:
• Provide a platform for a dialogue between public and private actors with the goal of developing a climate favourable to investment.
• Create the conditions to facilitate robust economic growth in parallel to the emergence of a strong and competitive private sector.
• Promote Madagascar as a destination for foreign investment, with support offered to investors to ensure smooth establishment of operations.
• Promotion of targeted markets, definition of priority sectors
and a series of ‘Breakthrough Reform Initiatives’, including
Private Sector Growth
Through the Economic Development Board of Madagascar, we will create strong sector plans to ensure the following export-oriented industries can develop rapidly - manufacturing, agri-business, mining, and tourism.
• We will begin an international campaign to promote Madagascar as a place to invest.
• We will prioritize infrastructure projects to support key industries.
• We will provide appropriate incentives, regulations and policies to facilitate the attraction, growth and expansion of key sectors.
• We will provide access to land, establish a bold investment law, and create an effective arbitration system to enforce contracts, mediate disputes and ensure security of investments.
• We will address the impediments and establish a business climate that investors value.
project.
- MAP
- Economic Development Board
- Private Sector growth
- Incentives for Investment
