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Madagascar: World Bank stresses the importance of a sustained growth if the Island wants to economically take off again




According to the World Bank, the GDP growth rate in Madagascar evaluated at 3% last year should reach at least 5% in 2015 and this for five years, if the country wants to economically take off again.
 
A challenge with 92% of the Malagasy population is still living below the poverty line. In 2014, the mining industry and the services sector were the economic engines of the Malagasy growth.
 
As a reminder, while the authorities of Madagascar also expect 5% growth for the year 2015, the Ministry of Economy plans to turn an increase of 7% in 2016, 8.9% in 2017 and 10.4% in 2018 in the wake of an extensive development plan.



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