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Madagascar
World Bank postpones $100m budget support

With Andry Rajoelina's government failing to meet the requisite conditions, the World Bank, like the IMF, has postponed its budget support until the first quarter of 2025. [...]

Published on 29/11/2024 at 05:40 GMT

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Energy

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Madagascar
Andry Rajoelina
Atou Seck
International Monetary Fund
Jirama
Rindra Hasimbelo Rabarinirinarison
World Bank

Madagascar
IMF delays $103m loan to Antananarivo for failing to make petrol price adjustments

The International Monetary Fund believes that Christian Ntsay's government has not met the commitments it promised, particularly with regard to setting up a mechanism to adjust prices at petrol pumps, and so could miss out on millions of dollars.

Subscribers only Finance, Politics 19.11.2024

Madagascar's president Andry Rajoelina at the World Government Summit in Dubai on 13 February 2024.

Madagascar
Private sector calls out Rajoelina over VAT refunds

Companies in the Antananarivo free zone are calling on the president to immediately reimburse more than €40m in unpaid VAT refunds, dating as far back as 2022.

Subscribers only Business 11.10.2024

Madagascar
Rajoelina to select firm to manage Antananarivo's new cable car

Two French companies are vying for the contract to manage the new transport facilities in the Madagascan capital. The massive €150m project has been financed in part by a French government loan.

Subscribers only Infrastructure 17.06.2024

Madagascar
World Bank and IMF called in to rescue Madagascar's finances

President Rajoelina has had no choice but to turn to the Bretton Woods institutions to bail out the country's economy, burdened largely by debt and subsidies to the oil and utilities sectors.

Subscribers only Finance, Politics 10.06.2024

Spotlight | Madagascar
Rajoelina promises to pay off Jirama's debts to Hassanein Hiridjee

Madagascar's state coffers are running low, but the president has nevertheless pledged to settle the debts that the national utility company owes to the multimillionaire boss of Axian Energy. Africa Intelligence reveals the contents of this confidential agreement.

Subscribers only Energy 27.05.2024

Madagascar's President Andry Rajoelina in Antananarivo on 16 December 2023.

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Madagascar
Andry Rajoelina
Atou Seck
International Monetary Fund
Jirama
Rindra Hasimbelo Rabarinirinarison
World Bank

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Madagascar
World Bank postpones $100m budget support

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Madagascar
IMF delays $103m loan to Antananarivo for failing to make petrol price adjustments

Madagascar
Private sector calls out Rajoelina over VAT refunds

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Rajoelina to select firm to manage Antananarivo's new cable car

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Rajoelina promises to pay off Jirama's debts to Hassanein Hiridjee

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About Africa Intelligence

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Indigo Publications' websites

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Madagascar World Bank postpones $100m budget support

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Madagascar IMF delays $103m loan to Antananarivo for failing to make petrol price adjustments

Madagascar Private sector calls out Rajoelina over VAT refunds

Madagascar Rajoelina to select firm to manage Antananarivo's new cable car

Madagascar World Bank and IMF called in to rescue Madagascar's finances

Spotlight | Madagascar Rajoelina promises to pay off Jirama's debts to Hassanein Hiridjee

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Madagascar
World Bank postpones $100m budget support

Madagascar
IMF delays $103m loan to Antananarivo for failing to make petrol price adjustments

Madagascar
Private sector calls out Rajoelina over VAT refunds

Madagascar
Rajoelina to select firm to manage Antananarivo's new cable car

Madagascar
World Bank and IMF called in to rescue Madagascar's finances

Spotlight | Madagascar
Rajoelina promises to pay off Jirama's debts to Hassanein Hiridjee