The gradual economic recovery in this fragile state has persisted, with solid growth for the second consecutive year. Fiscal performance has been strong, inflation contained, and the external position robust. Implementation of the authorities’ economic program, supported by an Extended Credit Facility (ECF) arrangement approved in July 2016, has been generally strong, buttressing the recovery.
Series: Country Report No. 18/239
Full Text: http://www.imf.org/~/media/Files/Publications/CR/2018/cr18239.ashx
Dans Relief Web
Severe drought conditions during southern Madagascar’s rainy season from November 2017 to April 2018 has led to nearly dry dams in many parts of the south. This dryness has affected livestock’s access to water and pastureland, which has led to poor livestock body conditions as many are subsisting on burnt cactus leaves in the absence of viable pastureland. This has similarly affected crop development, with many areas experiencing failed or near failed harvests. Only Ambovombe commune received favorably heavy rains in July that allowed some farmers to plant new maize and potato crops.
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