GEM and FIVMPAMA mobilized

The country’s economic recovery is currently the focus of attention for the government and the private sector in Madagascar.

On September 4, the President of the Republic, Andry Rajoelina, brought together the Madagascar Business Association (GEM) and the Malagasy Fivondronan’ny Mpandraharaha (FIVMPAMA) to discuss the current situation in the country and its impacts on the economy and society.

Faced with recent events disrupting the economic and social fabric, GEM and FIVMPAMA are committed to contributing to discussions and proposals to support the recovery. The two organizations are emphasizing several priorities: securing people and property, guaranteeing freedom of expression and movement, and preventing any escalation of violence that could weaken businesses, according to the official press release.

Private sector representatives emphasize the need to preserve economic gains, such as those related to AGOA, the Economic Partnership Agreement with the European Union (EPA), and international financial partnerships. These elements play a role in protecting thousands of jobs and maintaining the stability of local businesses.

To take concrete action, the GEM and FIVMPAMA propose three main measures: restoring the country’s attractiveness and investor confidence through clear and predictable economic governance; integrating the consequences of the crisis into the drafting of the 2026 Finance Act to support affected businesses and households; and reviving the industrial, agricultural, and tourism sectors, which are true drivers of growth and territorial development.

Finally, the press release calls for the abandonment of all forms of violence and the mobilization of public and private stakeholders around constructive dialogue based on responsibility and solidarity. The groups declare themselves ready to work with all stakeholders to identify and implement concrete solutions to restore confidence and sustainably revive the Malagasy economy.