{"id":34890,"date":"2024-02-23T16:44:48","date_gmt":"2024-02-23T15:44:48","guid":{"rendered":"https:\/\/yearbooktest1.com\/?p=34890"},"modified":"2025-05-26T21:05:49","modified_gmt":"2025-05-26T19:05:49","slug":"madagascar-les-evolutions-macroeconomiques","status":"publish","type":"post","link":"https:\/\/afrique.yearbook-media.com\/en\/madagascar-les-evolutions-macroeconomiques\/","title":{"rendered":"Madagascar \u2013 Macroeconomic developments (FDI)"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"34890\" class=\"elementor elementor-34890\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e09c469 ToBeHidden e-flex e-con-boxed e-con e-child\" data-id=\"e09c469\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a0bd2ba e-con-full droppable e-flex e-con e-child\" data-id=\"a0bd2ba\" data-element_type=\"container\" id=\"Ele1A\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bebd25f elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"bebd25f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\t\t<div data-elementor-type=\"page\" data-elementor-id=\"83347\" class=\"elementor elementor-83347\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-751a8b39 e-con-full OrdiMobileConteneurClass e-flex e-con e-child\" data-id=\"751a8b39\" data-element_type=\"container\" id=\"testIdTest\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a7e332 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"1a7e332\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><div class=\"ym-espace-pub-lazy\" data-tpl=\"83347\"><\/div><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d19117 e-con-full e-flex e-con e-child\" data-id=\"3d19117\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7a4ed00 elementor-widget elementor-widget-text-editor\" data-id=\"7a4ed00\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\t\t<div data-elementor-type=\"container\" data-elementor-id=\"74473\" class=\"elementor elementor-74473\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-695d4e3 e-flex e-con-boxed e-con e-parent\" data-id=\"695d4e3\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a59548b elementor-widget elementor-widget-text-editor\" data-id=\"a59548b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tMadagascar \u2013 Macroeconomic developments (FDI)\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c3fffc7 e-con-full e-flex e-con e-child\" data-id=\"c3fffc7\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-0c12529 e-con-full e-flex e-con e-child\" data-id=\"0c12529\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d42ef5f elementor-widget elementor-widget-image\" data-id=\"d42ef5f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/afrique.yearbook-media.com\/wp-content\/uploads\/elementor\/thumbs\/Port_Toamasina_Madagascar-e1719561279629-revu529gkbr7v9bpc2o41qx1x0yzu2aaqaf9ovmifi.jpg\" title=\"Port_Toamasina_Madagascar\" alt=\"Port_Toamasina_Madagascar\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c1208fc e-flex e-con-boxed e-con e-parent\" data-id=\"c1208fc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0728861 elementor-widget elementor-widget-text-editor\" data-id=\"0728861\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">The COVID-19 pandemic halted four years of economic growth in Madagascar. After real GDP growth of 4.41t\/yr in 2019, the country entered a recession in 2020 when real GDP declined by 4.1t\/yr. Manufacturing, mining, and services were particularly hard hit due to lockdown measures, while agriculture performed well. The crisis also put pressure on the financial sector, leading the central bank to inject liquidity into the system.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3ed7915 ToBeHidden e-flex e-con-boxed e-con e-child\" data-id=\"3ed7915\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b16ceee e-con-full droppable e-flex e-con e-child\" data-id=\"b16ceee\" data-element_type=\"container\" id=\"Ele2A\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59d16ba elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"59d16ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\t\t<div data-elementor-type=\"page\" data-elementor-id=\"83347\" class=\"elementor elementor-83347\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-751a8b39 e-con-full OrdiMobileConteneurClass e-flex e-con e-child\" data-id=\"751a8b39\" data-element_type=\"container\" id=\"testIdTest\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a7e332 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"1a7e332\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><div class=\"ym-espace-pub-lazy\" data-tpl=\"83347\"><\/div><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-deab21b e-flex e-con-boxed e-con e-parent\" data-id=\"deab21b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ea61b46 e-transform elementor-widget elementor-widget-text-editor\" data-id=\"ea61b46\" data-element_type=\"widget\" data-settings=\"{&quot;_transform_rotateZ_effect&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_rotateZ_effect_tablet&quot;:{&quot;unit&quot;:&quot;deg&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_rotateZ_effect_mobile&quot;:{&quot;unit&quot;:&quot;deg&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Prices were kept in check, however. Inflation was 4.21% of GDP in 2020, compared to 5.6% in 2019. The current account deficit deteriorated to 3.51% of GDP in 2020, compared to 2.31% in 2019, due to the decline in exports, the abrupt halt to tourism, and the decline in foreign direct investment (FDI).<\/p>\n<p>&nbsp;The recovery is expected to be supported by a rebound in public and private investment and a recovery in exports, such as nickel, cobalt and vanilla, as the global economy and international trade recover.<\/p>\n<p>With a low tax revenue-to-GDP ratio, Madagascar may, according to the AfDB, need to focus on increased revenue mobilization to support the financing of economic recovery and to preserve the long-term sustainability of its debt.<\/p>\n<p>GDP: USD 13.65 billion (Source: IMF \u2013 World Economic Outlook Database, 2020)<br><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">GDP (annual growth at constant prices): 0.4%&nbsp;<\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">(Source: IMF \u2013 World Economic Outlook Database, 2020)&nbsp;<br><\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">GDP per capita: USD 491 (Source: IMF \u2013 World Economic Outlook Database, 2020)&nbsp;<\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">State debt: 47.51% of GDP (Source: IMF \u2013 World Economic Outlook Database, 2020)&nbsp;<\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">Inflation rate: 5.5% (Source: IMF \u2013 World Economic Outlook Database, 2020) A stable inflation rate of 6.2% in 2021 is forecast in the 2021 finance law. Achieving this objective depends in particular on the effects induced by the rise in the price of oil, the outlook for global economic growth forecast for 2021 and the limited depreciation of the national currency, the ariary, valued on average at 3,936.7 against the dollar in 2021.<\/span><\/p>\n<p>Economic assets&nbsp;<br><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">\u2013 Growth above the African average before the pandemic,&nbsp;<br><\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">\u2013 A quality workforce,&nbsp;<br><\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">\u2013 Unique natural resources,&nbsp;<br><\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">\u2013 Products on the high-end market (fine cocoa, vanilla, Label Rouge shrimp, malossol caviar, etc.)<br><\/span><span style=\"background-color: var(--base-3); text-align: var(--text-align);\">\u2013 The fastest internet connection in Africa,<br><\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">\u2013 Significant mineral reserves (precious stones, nickel, cobalt) and oil,<br><\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">\u2013 Great potential in agribusiness and organic farming, the world\u2019s leading producer of vanilla, the world\u2019s second largest producer of lychee, and the leading producer of African caviar,&nbsp;<br><\/span><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">\u2013 Sustainable public debt because it is mostly concessional (70% of the total).&nbsp;<\/span><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cc6b564 ToBeHidden e-flex e-con-boxed e-con e-child\" data-id=\"cc6b564\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0a373ce e-con-full droppable e-flex e-con e-child\" data-id=\"0a373ce\" data-element_type=\"container\" id=\"Ele3A\">\n\t\t\t\t<div class=\"elementor-element elementor-element-64eb114 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"64eb114\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\t\t<div data-elementor-type=\"page\" data-elementor-id=\"83347\" class=\"elementor elementor-83347\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-751a8b39 e-con-full OrdiMobileConteneurClass e-flex e-con e-child\" data-id=\"751a8b39\" data-element_type=\"container\" id=\"testIdTest\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a7e332 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"1a7e332\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><div class=\"ym-espace-pub-lazy\" data-tpl=\"83347\"><\/div><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1e1a02d e-flex e-con-boxed e-con e-parent\" data-id=\"1e1a02d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-52a9907 e-transform elementor-widget elementor-widget-text-editor\" data-id=\"52a9907\" data-element_type=\"widget\" data-settings=\"{&quot;_transform_rotateZ_effect&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_rotateZ_effect_tablet&quot;:{&quot;unit&quot;:&quot;deg&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_rotateZ_effect_mobile&quot;:{&quot;unit&quot;:&quot;deg&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b style=\"background-color: var(--base-3);\">General framework\u00a0<br \/><\/b><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">Before the coronavirus pandemic, the Malagasy economy was on a markedly upward trajectory. After a long period of political instability and economic stagnation, momentum had accelerated over the past five years, reaching an estimated growth rate of 4.8% in 2019, a level not seen in ten years.\u00a0<\/span><\/p>\n<p>By helping to restore investor confidence, reopen access to export markets, resume concessional financing and launch structural reforms, the return to constitutional order and the peaceful political transition during the last elections have played a decisive role in this recovery.\u00a0<\/p>\n<p>These positive trends have also resulted in an improvement in the situation on the labour market and a reduction in poverty.<\/p>\n<p>In 2020, as in all countries affected by the pandemic (COVID-19), the economic, social and budgetary impact resulted in a very clear decline in activity. The economic growth rate was set at 4.5% in 2021, compared to a negative real growth rate (-3.8%) in 2020, although the estimate in the Amending Finance Act (LFR 2020) had set this growth at 0.8%. The government is thus counting on strong growth to achieve this colossal objective of making up nearly 7 points of growth rate.<\/p>\n<p><b>The evolution of Foreign Direct Investment (FDI)<br \/><\/b><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">With the implementation of Madagascar&#039;s development plan, the legal and economic reforms that followed, and the increased openness to foreign investment (FDI), investing in Madagascar has become attractive. This large island in the middle of the Indian Ocean benefits from abundant natural resources and offers numerous investment opportunities in a wide variety of sectors: minerals, tourism, and agriculture. The 2021 Finance Act provides for an investment rate of 22.8% in 2021, compared to 17.8% in 2020. The State is thus focusing on structuring public investments, particularly in basic infrastructure.\u00a0<\/span><\/p>\n<p><b>Land acquisition by investors\u00a0<br \/><\/b><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">The Investment Law grants foreign companies the right to acquire land and real estate under certain conditions. For investors, land acquisition can be carried out through a long-term lease of 18 to 99 years, renewable, transferable and convertible for foreigners, and full ownership for nationals.<\/span><\/p>\n<p><b>Investment Protection<br \/><\/b><span style=\"background-color: var(--base-3); text-align: var(--text-align);\">Madagascar has signed Foreign Investment Promotion and Protection Agreements with several countries (Canada, Mauritius, France, Germany, China, etc.). These agreements establish a legal framework for foreign investment, covering both rights and responsibilities. Malagasy law recognizes the right to private property, and expropriation can only be carried out within the framework of the law with appropriate compensation.<\/span><\/p>\n<p><b>Tax incentives<br \/><\/b><span style=\"text-align: var(--text-align); background-color: var(--base-3);\">Companies engaged in exporting can apply for Export Free Zone status to obtain the benefits outlined in Law 2007-037. In other sectors, tax incentives are set out in the Tax Orientation Act adopted by Parliament and apply to all companies. For large-scale investments, any investor can contact the administration to negotiate specific tax benefits.<\/span><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0f792aa e-flex e-con-boxed e-con e-parent\" data-id=\"0f792aa\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-92b3554 elementor-widget elementor-widget-image\" data-id=\"92b3554\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"743\" height=\"117\" src=\"https:\/\/afrique.yearbook-media.com\/wp-content\/uploads\/2024\/02\/Capture-decran-2024-02-23-165342.png\" class=\"attachment-large size-large wp-image-34893\" alt=\"\" srcset=\"https:\/\/afrique.yearbook-media.com\/wp-content\/uploads\/2024\/02\/Capture-decran-2024-02-23-165342.png 743w, https:\/\/afrique.yearbook-media.com\/wp-content\/uploads\/2024\/02\/Capture-decran-2024-02-23-165342-300x47.png 300w\" sizes=\"(max-width: 743px) 100vw, 743px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9752eea ToBeHidden e-flex e-con-boxed e-con e-child\" data-id=\"9752eea\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a9602b3 e-con-full droppable e-flex e-con e-child\" data-id=\"a9602b3\" data-element_type=\"container\" id=\"Ele4A\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f55766 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0f55766\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\t\t<div data-elementor-type=\"page\" data-elementor-id=\"83347\" class=\"elementor elementor-83347\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-751a8b39 e-con-full OrdiMobileConteneurClass e-flex e-con e-child\" data-id=\"751a8b39\" data-element_type=\"container\" id=\"testIdTest\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a7e332 elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"1a7e332\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><div class=\"ym-espace-pub-lazy\" data-tpl=\"83347\"><\/div><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>La pand\u00e9mie de COVID-19 a mis un frein \u00e0 quatre ann\u00e9es de croissance \u00e9conomique \u00e0 Madagascar. Apr\u00e8s une croissance du PIB r\u00e9el de 4,4% en 2019, le pays est entr\u00e9 en r\u00e9cession en 2020 lorsque le PIB r\u00e9el a diminu\u00e9 de 4%. L\u2019industrie manufacturi\u00e8re, mini\u00e8re et les services ont \u00e9t\u00e9 particuli\u00e8rement touch\u00e9s en raison des &#8230; <a title=\"Madagascar &#8211; Les \u00e9volutions macro\u00e9conomiques (IDE)\" class=\"read-more\" href=\"https:\/\/afrique.yearbook-media.com\/en\/madagascar-les-evolutions-macroeconomiques\/\" aria-label=\"More on Madagascar &#8211; Les \u00e9volutions macro\u00e9conomiques (IDE)\">Read more<\/a><\/p>","protected":false},"author":1,"featured_media":34892,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[126,5,225],"tags":[],"class_list":["post-34890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-croissance","category-madagascar","category-madagascar-economie","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-20"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Madagascar - Macroeconomic developments (FDI)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/afrique.yearbook-media.com\/en\/madagascar-les-evolutions-macroeconomiques\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madagascar - Les \u00e9volutions macro\u00e9conomiques (IDE)\" \/>\n<meta property=\"og:description\" content=\"The COVID-19 pandemic brought four years of economic growth in Madagascar to a halt. 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