Madagascar focuses on economic growth with support of IMF

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A family of farmers watch as locust-control workers spray pesticides on their land in Madagascar's Betroka region (2015). File Photo: FAO/Yasuyoshi Chiba

Madagascar is planning to triple investment spending in order to boost the economy of the Indian Ocean island.

It follows a three-year US$ 310 million commitment by the International Monetary Fund (IMF).

Madagascar is one of the poorest countries in Africa; its economy is built on subsistence farming but also increasingly nickel and cobalt mining.

Bruce Edwards asked Marshall Mills, IMF Mission Chief there what led to the IMF funding agreement.

Duration: 5’27″

 

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