Meetings at the Mahazoarivo Palace

In a context where Madagascar seeks to strengthen its economic resilience and better address environmental challenges, a mission from the International Monetary Fund (IMF) took place from January 12 to 16.

The meetings were held at the Mahazoarivo Palace, in the presence of Prime Minister Herintsalama Rajaonarivelo and his delegation. At the opening meeting, the Prime Minister was accompanied by the Minister of Economy and Finance, Ramiarison Herinjatovo Aimé, and the Minister of Industry and Private Sector Promotion, Rasoarahona Andrianirina. The mission was led by Lonkeng Constant and the IMF’s Permanent Representative to Madagascar, Eklou Kodjovi.

This visit provided an opportunity to discuss national priorities and ways to continue IMF support for economic recovery programs. One of the main tools mobilized is the Extended and Facilitated Financing (EFF), which supports the state budget and prioritizes economic initiatives.

Furthermore, the mission also addressed financing for sustainable climate change mitigation (FDM). This mechanism aims to strengthen the country’s capacity to anticipate and mitigate environmental impacts. Discussions were led by the Ministry of the Environment and Sustainable Development (MEDD) and the Ministry of Economy and Finance (MEF), with the participation of all relevant sectors.

Among them, the Ministry of Energy (MEH), the Ministry of Agriculture and Livestock (MINAE), and the Ministry of Tourism and Handicrafts (MTA) contributed. Institutions such as INSTAT, the Central Bank, the OMH, civil society, and international financial partners, including the World Bank and the African Development Bank, also participated in the discussions.

According to the authorities, this mission strengthens cooperation with the IMF while addressing the financing needs of strategic sectors. Furthermore, this action illustrates the importance of a comprehensive approach that combines economic support with sustainable initiatives.