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Madagascar reintegrated within the international Monetary Fund




The international monetary Fund (IMF) announced to recognise the new authorities in place in Madagascar, after the election of the President Hery Rajaonarimampianina, to the highest office in the country after five years of instability under the Transition Plan, as indicated in the newspaper Le Figaro.
 
"The Fund has recognised the Government of Madagascar... This recognition of the Government will allow the Fund to resume work in Madagascar," said Gerry Rice, the spokesman for the institution as well.
 
Reinstatement confirmed also by the Director General of the IMF, Christine Lagarde, who sent a letter to this effect to the Director of the international monetary Fund for the African continent, Kossi Assimaidou, mail that confirms "the official re-establishment of cooperation between the Republic of Madagascar and the IMF.”
 
"It is the sign of the return to normal of relations between Madagascar and the IMF, technical and financial discussions can therefore resume... The return to normal of our relations with the IMF was also eagerly awaited by all the other donors. Technical discussions with them will also be able to resume and some might even decide to start some projects," said Lawrence Rahman, Minister of finance and Budget of Madagascar.
 
As a reminder, the international monetary Fund decided to suspend its cooperation with the Malagasy authorities in December 2008, in the wake "of abnormalities identified at the level of the management of public finances by the regime of the time", as reported by the newspaper L'Express of Madagascar.



Antso Rajaona


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