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Madagascar: borrowing 625 million dollars to develop the island?




 
According to the Director-general of the Treasury, Orlando Robimanana, the governing bodies of the common market for Eastern and southern Africa (COMESA) which part Madagascar, would push the island to seek accession to the Bank of Africa Eastern and Southern African trade and development (PTA).
 
Since the accession of Madagascar to the Bank of Africa Eastern and Southern African trade and development would pave the way for the possibility of a maximum loan of 625 million dollars "for the development of energy, tourism, aeronautics or agro-business', as reported by the website tananews.com.
 
As a reminder, the regional bank (PTA) is a financial institution of weight that weighs several billion dollars and brings together 18 States African shareholders alongside the African Bank of development and China.



Antso Rajaona


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