The World Bank has approved a financing of 100 million dollars for Madagascar to support the implementation of structural economic reforms. This operation aims to stimulate private sector growth and promote job creation, through targeted actions in key sectors such as telecommunications, energy, and mining, according to a statement from the Ministry of Economy and Finance published on Wednesday, June 18. This funding is provided by the International Development Association (IDA), as part of the country’s second Development Policy Operation (DPO).
The Malagasy government has committed to several major initiatives. In terms of economic governance, an independent committee has been established to improve public financial management, with a clear objective: to strengthen transparency, efficiency, and accountability in the use of public resources.
The liberalization of the telecommunications market, initiated in 2023, has already helped stimulate competition, lower Internet prices, and expand digital access for households and businesses.
In the mining sector, formalizing activities helps generate income for communities while ensuring better environmental protection. As for the energy reform, it aims to strengthen the national company JIRAMA, reduce power outages, and significantly increase clean energy production, in line with the objectives of the National Energy Pact and the Mission 300 strategy.
The government intends to continue on this path, consolidating achievements and focusing on transparency, efficiency of public policies, and creating new economic opportunities. The stated goal is to lay the foundations for more inclusive and resilient growth, benefiting the entire population.
