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The ambition is to raise Madagascar to the rank of emerging middle-income countries in order to make up for the development delay accumulated since independence.
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The realization of the vision into strategic and operational actions within the framework of a 2019-2023 Strategic Plan will enable the country to become a new economic force. "Building an emerging nation through a surge of national solidarity for the pride and well-being of the Malagasy people" constitutes the medium-term development vision advocated by the President of the Republic through his Initiative for the Emergence of Madagascar (IEM).
The PEM aims to stimulate the country's economic growth through increased public and private investment, strengthening human capital, and improving governance. Priority is given to road infrastructure, housing, electricity, water, and security. The PEM will improve administrative accountability, modernize Madagascar with new technologies, ensure energy coverage throughout the country, improve the living conditions of the population, and ensure environmental protection.
This Plan must serve as a reference tool for all development actors, a dashboard for high-level decision-making bodies and a solidarity tool for all citizens.
This General State Policy is based on the vision of the President of the Republic on the Initiative for the Emergence of Madagascar (IEM) and the underlying challenges.
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The four foundations of the IEM are:
– Territorial and spatial emergence: regional planning, infrastructure and decentralization
The 23 regions, 12 growth areas, and 107 solidarity areas will be the scale for implementing territorial innovation for community development. The objective is to create economic dynamics from the ground up to foster local ownership, allowing each stakeholder to become more involved in managing their spatial (land) and financial (investment) resources. Through the creation of numerous and varied infrastructure, all areas will be fully connected to renovated urban centers. These different forms of development will open up opportunities for citizens to conduct economic and social affairs. Other protected natural areas, especially maritime ones, will be the subject of specific economic exploitation. Madagascar aspires to well-planned, resilient, modern, inclusive cities that reflect the identity of Malagasy society. It is important to develop the national urban sector as a structured space, a support, and a source of sustainable and rapid growth for the country.
– Environmental emergence and sustainable development
Madagascar, a country rich in biodiversity, must protect its endemic wealth, combat deforestation, bushfires, and illegal land clearing, as well as the plundering of its natural resources. Environmental issues are an inseparable element of sustainable development. Respectful of international commitments and with the aim of preserving its national heritage, Madagascar intends to collaborate with the community of nations to implement all measures to address the impacts of climate change. As such, the Malagasy government intends to pay particular attention to the energy transition and optimal management of water resources.
– Economic emergence and international relations
Madagascar has a role to play in the concert of nations through the effective implementation of the terms of conventions and treaties at the multilateral and bilateral levels. The country relies on the benefits of good relations with partners to promote all areas, whether social, economic, or environmental, in order to ensure a solid foundation for the IEM.
The foreign representations will serve as economic showcases reflecting the country's desire for international development. Madagascar's integration into the ASEAN bloc expands opportunities for trade with Southeast Asia.
– Economic, financial and international trade emergence
"Macroeconomic stability" is the foundation of emergence. The various reforms will introduce new financial tools to increase public and private investment, develop better public finance management, and consolidate the independence of the central bank. Boosting our high-value-added exports will be one of the main levers of economic recovery. With a focus on quality, the integrated, sector-based approach will be prioritized across all value chains and as part of production diversification. A special measure will be taken regarding gold resources to create safe haven reserves.
The country's socioeconomic transformation through the emergence plan will help to instill a strong dynamic of job creation. It will also be reflected in the advent of a strong economy, driven by industry, centered around key sectors: agriculture, livestock farming, the blue economy, tourism, mining, and hydrocarbons.
On the other hand, the IEM will ensure compliance with commitments with the IMF, the World Bank and all agreements with technical and financial partners.
The private sector is the pillar of development. Favorable measures such as protecting local industry, improving the business climate, and streamlining the PPP law will be taken to ensure greater productivity in a calm environment of competitiveness and competition. Likewise, all actions will be taken to promote an international commercial offensive.
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