Financial access is growing rapidly in Madagascar: From 2014 to 2017, the percent of adults that had a financial account or used mobile money services doubled from 9 percent to 18 percent. However, it is below the 43 percent average for sub-Saharan Africa in 2017. A new edition of the World Bank’s Madagascar Economic Update highlights how financial access has increased in recent years and provides recommendations on expanding it further. Mobile money accounts have risen from 11 to 54 per 1,000 adults between 2013 and 2016. Similarly, the volume of lending in the microfinance sector has increased with total credit at 1.9 percent of GDP in 2016, having more than doubled since 2011 (Table 1). However, 41 percent of Malagasy households had no access to financial services in 2016. The lack of access is higher in rural areas where 46 percent had no access compared to 31 percent in urban areas (Figure 1). Similarly, only 7 percent of the population in rural areas had access to a bank compared to 25 percent in urban areas.www.brookings.edu/blog/africa-in-focus/2018/08/15/figure-of-the-week-financial-inclusion-in-madagascar/
Dans ESI Africa
Madagascar's power utility JIRAMA will address rehabilitation of its electricity distribution networks using funds obtained from the International Development Association. JIRAMA invites eligible and qualified bidders to submit their bids for the work of creating and relocating the processing stations, creation loop line, aerial underground line and guard wire installation in the seven zones, which include Antsiranana, Mahajanga, Toamasina, Antsirabe, Fianarantsoa, Toliara and Antananarivo and the Technical Direction Electricity Antananarivo.
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