Madagascar’s economic conditions remain favourable, with sustained growth and macroeconomic stability in spite of some shocks. Economic growth was estimated at 4.2 per cent in 2017, despite the effects of a major cyclone and drought on agriculture and hydropower, as well as an outbreak of the plague on tourism. Growing export revenues from vanilla, boosted by high prices, and light manufactured goods led to a strong currency and created room for a substantial accumulation of foreign exchange reserves, which exceeded four months of imports at end-2017. The central bank has appropriately managed an associated increase in bank liquidity. Growth is projected to accelerate to five per cent in 2018, led by rising public investment, continued growth in manufacturing, a rebound in agriculture and a recovery in the mining sector. Inflation is expected to decline gradually to below eight per cent by end-2018, after it rose slightly to nine per cent in 2017 due to weather-related shocks.
Dans CRS Wire
Pact has received a new award from the United States Agency for International Development (USAID) to build the enabling environment for effective community-based management and protection of biodiversity resources in Madagascar. The $23 million USD, five-year project dubbed ‘Hay Tao,’ meaning ‘Know How’ in Malagasy, will focus on empowering local communities to lead the way in the management of their natural resources. Hay Tao is the U.S. government’s largest environmental investment in Madagascar in nearly a decade.
Dans Devdiscourse
The selected women for the project go to ADDEV member companies and collect their waste, as a part of the operating circuit. Then, Ecologik Madagascar develops recycling activities for paper and plastics. The waste is then recycled and transformed. Ecologik Madagascar then ensures the remuneration of these women waste reclaimers. The women are then paid according to the amount of waste provided. The women are first given training on sorting the waste along with entrepreneurial management so that they can improve their skills. The goal of the project is to make them self-sufficient so as to be able to manage their own collection business. Along with the training, the women are provided with safety equipment such as boots and gloves. The women under the training are also given literary sessions by Teach for Madagascar, as most of these women workers are illiterate.
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