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Topic: Economy of Madagascar

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In the News (Sat 20 Jul 19)

  Economy of Madagascar
According to its agreement with the IMF, Madagascar was required to limit its deficit to 5 percent of GDP for the period from 1989 to 1992.
Agriculture is critical to Madagascar's economy in that it provides nearly 80 percent of exports, constituting 33 percent of GDP in 1993, and in 1992 employed almost 80 percent of the labor force.
To achieve its goal, Madagascar needs further infrastructure in the way of transportation, accommodations, and other facilities, as well as a greater sense of security on the part of foreigners--in 1993 gendarmes shot two German researchers in error, causing Germany, which was Madagascar's second largest tourist source, to boycott the island.
www.wildmadagascar.org /overview/economy.html   (5394 words)

  Madagascar ECONOMY   (Site not responding. Last check: 2007-10-26)
Madagascar is a poor country, with over 70% of the population falling below the poverty level of $50 a year.
Madagascar sponsored an Export Processing Zone in 1991 and important investments have been made in tourism.
Madagascar is rich in biodiversity, and many plants and animals found there exist nowhere else in the world.
www.nationsencyclopedia.com /Africa/Madagascar-ECONOMY.html   (370 words)

 Madagascar. The Columbia Encyclopedia, Sixth Edition. 2001-05
Madagascar is made up of a highland plateau fringed by a lowland coastal strip, narrow (c.30 mi/50 km) in the east and considerably wider (c.60–125 mi/100–200 km) in the west.
Madagascar carries on a relatively small foreign trade, and the annual value of imports is usually higher than the value of exports.
Madagascar’s political and economic upheaval prompted the government to establish a multiparty system and move toward the privatization of industry in the 1990s.
www.bartleby.com /65/ma/Madagasc.html   (1851 words)

 Madagascar   (Site not responding. Last check: 2007-10-26)
Madagascar (officially the Republic of Madagascar) or Malagasy Republic, is an island nation in the Indian Ocean, off the southeastern coast of Africa.
Madagascar's population is predominantly of mixed Austronesian and African origin, though those who are visibly Austronesian in appearance and culture are the minority, found in the highland regions.
Madagascar • Mali • Martinique • Mauritania • Mauritius • Morocco • Niger • Republic of the Congo • Romania • Rwanda • Saint Lucia • São Tomé and Príncipe • Senegal • Seychelles • Saint-Pierre and Miquelon • Switzerland • Togo • Tunisia • Vanuatu • Vietnam
www.tocatch.info /en/Madagascar.htm   (4048 words)

Unemployment is a serious problem in Madagascar, consequently, travellers have to be alert to avoid theft and ensure their personal safety like anywhere else in the world where desperate poverty is encountered.
NOSY BE is the largest of the islands off the north-west tip of Madagascar (itself torn away from mainland Africa a mere 160 million miles ago), Nosy Be presents an appealing and utterly relaxed holiday mood, thanks to the lure of palm-fringed beaches and splendid coral reefs.
The economy of Madagascar is dominated by agriculture, which employs three-fourths of the population.
us-africa.tripod.com /madagascar2.html   (945 words)

 Madagascar Consulate General in South Africa
The economy in Madagascar is based on agriculture.
Madagascar knows an economic growth rate (5% into 2000) largely exceeding the demographic growth rate (2,8%).
Madagascar is highly appreciative of the support and generosity of its partners and friends who are concerned for the country and want to see the socio-economic situation improved.
www.madagascarconsulate.org.za /economy.html   (528 words)

 Economy of Madagascar
Economy - overview: Madagascar faces problems of chronic malnutrition, underfunded health and education facilities, a roughly 3% annual population growth rate, and severe loss of forest cover[?], accompanied by erosion.
Agriculture, including fishing and forestry, is the mainstay of the economy, accounting for 34% of GDP and contributing more than 70% to export earnings.
Madagascar’s debt ratio, which had reached 46% in 1996, is estimated at 15.4% in 2000.
www.fastload.org /ec/Economy_of_Madagascar.html   (813 words)

 Deforestation: Madagascar
Biodiversity is of particular concern for Madagascar as the rosy periwinkle, which is found almost exclusively on the tiny island off the coast of East Africa, is essential for the treatment of leukemia.
Madagascar's historic problem of deforestation can be linked to the detrimental policies of the colonial state in terms of land use and agriculture.
Population growth didn't become a factor in forest degradation in Madagascar until 1940 when vaccines were introduced that lowered the death rate.
www.colby.edu /personal/t/thtieten/def-mad.html   (1236 words)

 The Great Red Island
Madagascar’s fishing is underdeveloped, although some people raise trout to eat in their rice paddies.
Madagascar is abundant in semiprecious gems, but their main use is to be sold by natives to tourists as souvenirs.
The eastern and northwestern parts of Madagascar have rich soil, causing Madagascar’s economy to be mainly agricultural.
www.angelfire.com /co4/madagascar/economy.html   (205 words)

 Embassy of Madagascar in South Africa - Economy
Madagascar is a country that believes in its future within the current globalisation process.
Madagascar is well known in all over the world for its truly unique wealth in medicinal plants and essential oils.
For agriculture, conditions in Madagascar are favourable: good climate, varied and fertile soils, areas of cultivable land available for large scale cultivation, process of land purchase made easier for the farmers, young and abundant rural labour force.
www.madagascar.org.za /economy.htm   (1713 words)

Whether Madagascar is still interesting for garment manufacturers after the removal of the quotas under the MFA, at the end of 2004, and after the phase in of local content rules under AGOA, in September 2004, remains to be seen.
Madagascar differs from other countries in that the EPZ expands across the whole island: EPZ status can be given to all companies anywhere in Madagascar and is not restricted to specific geographic zones.
In the current situation, where the Madagascar government is not interested to help workers to safeguard their rights, the only choice the market offers workers is "the choice between being unemployed or being exploited," in the words of one of the country's labour inspectors.
www.cleanclothes.org /publications/02-09-madagascar.htm   (4404 words)

 Madagascar (10/06)
Madagascar, which has historically been perceived as on the margin of mainstream African affairs, eagerly rejoined the African Union in July 2003 after a 14-month hiatus triggered by the 2002 political crisis, and joined SADC in 2006.
In 1990, Madagascar was designated as a priority aid recipient, and assistance increased from $15 million in 1989 to $40 million in 1993.
Madagascar became the very first country with a Millennium Challenge Account compact when it signed an agreement worth $110 million in April 2006.The Ravalomanana government is especially positive about ties with the United States.
www.state.gov /r/pa/ei/bgn/5460.htm   (3375 words)

 Issihk.com - Madagascar is a world leader in innovative information and communication technologies, including ...   (Site not responding. Last check: 2007-10-26)
Madagascar, country in the Indian Ocean, separated from the southeastern coast of Africa by the Mozambique Channel.
Agriculture dominates the economy, employing 78 percent of the labor force, and the chief food crop is rice.
However, their influence was unstable until 1896, when, as a result of popular uprisings, Madagascar was proclaimed a colony of France and military rule was instituted.
www.issicn.com /mada.htm   (774 words)

 IRIN Africa | Southern Africa | Madagascar | MADAGASCAR: IMF approves US $16 million disbursement | Economy Governance ...
IMF Managing Director and Chairman, Rodrigo de Rato, was quoted as saying that "Madagascar's key challenges in the period ahead are to maintain macroeconomic stability, accelerate the implementation of structural reforms, and diversify the export base to boost exports and economic growth".
He noted that a final decision on Madagascar's debt relief under the enhanced HIPC Initiative was still pending, awaiting action this week by the World Bank's executive board.
During a three-day visit to Madagascar last week, President Marc Ravalomanana and World Bank President James Wolfensohn announced at a joint press conference that the Bank and IMF would cancel $2 billion of the country's debt when their respective boards meet this week.
www.irinnews.org /report.asp?ReportID=43755&SelectRegion=Southern_Africa&SelectCountry=MADAGASCAR   (488 words)

 Will new movie grow Madagascar's economy?
Madagascar, the country, hopes the film will stimulate its tourist industry in a way similar to Kenya’s after the 1985 film Out of Africa was released.
Madagascar will only see a similar increase and subsequent economic benefit from the film if enough money is spent to properly market the country in travel agencies and brochures as the film is released next month.
The goal for the country’s nation tourist office is an annual 20 percent increase in the number of tourist, with a target figure of 684,000 in 2010.
news.mongabay.com /2005/0408-tina_butler.html   (522 words)

 FAO/GIEWS Special Report on Madagascar 04/97
Following the cyclone "Gretelle" on 23-24 January 1997, the Government of Madagascar requested assistance from FAO and WFP to evaluate the loss and damage caused to food production and agricultural infrastructure by the cyclone, to estimate the food supply situation for 1997 and identify the actions needed to rehabilitate the agricultural infrastructure.
The economic stabilization programme which began in 1995 continued through 1996 with some positive results: the annual inflation rate fell from 37 percent in 1995 to 8 percent in 1996, and the real base lending rate applied by the Central Bank fell from 33 percent to 17 percent during the same period.
Agriculture plays a predominant role in the economy of Madagascar, contributing about 35 percent to GDP and employing over 70 percent of the active population.
www.fao.org /docrep/004/w5026e/w5026e00.htm   (4133 words)

 An MBendi Profile: An MBendi Country Profile for Madagascar including economic and travel overviews and directories of ...
Madagascar (also known as the Malagasy Republic) is an independent island republic with a democratic government which lies in the Indian Ocean and forms part of the Indian Ocean Islands group associated with Africa.
The economy of Madagascar is dominated by agriculture.
The government has put various measures in place to alleviate the effects of the crisis and these seemed to have been largely effective although the effect of the crisis on agriculture was such that food shortages were reported towards the end of 2002 and in the earlier half of 2003.
www.mbendi.co.za /cymdcy.htm   (944 words)

 MBG: Madagascar Biodiversity and Conservation
Madagascar has one of the most fascinating assemblages of organisms on Earth.
In particular, it addresses (1) specific biodiversity issues related to Madagascar's unique organisms, (2) interesting information about less well-known organisms that may be more specific to those types of organisms than to Madagascar, (3) characteristic factors in the ecology, history, anthropology, etc. of Madagascar, and (4) current conservation, development, economic and social issues.
Gondwanaland relics: Iguanid lizards have a strange distribution pattern due to Madagascarís long isolation: Found mostly in the New World, they are also present in Madagascar, Fiji and Tonga.
www.mobot.org /mobot/madagascar/madex.asp   (1348 words)

 Madagascar: History, Geography, Government, and Culture — Infoplease.com
Madagascar: Bibliography - Bibliography See R. Kent, From Madagascar to the Malagasy Republic (1962) and Early Kingdoms in...
The "degraded" tapia woodlands of highland Madagascar: rural economy, fire ecology, and forest conservation.
Prickly pear cactus and pastoralism in Southwest Madagascar.
www.infoplease.com /ipa/A0107743.html   (833 words)

 Madagascar Economy   (Site not responding. Last check: 2007-10-26)
A 6-month political crisis triggered by a dispute over the outcome of the presidential elections held in December 2001 virtually halted economic activity in much of the country in the first half of 2002.
At the November 2003 "Friends of Madagascar II" conference, major donor nations and institutions expressed satisfaction with the government's macroeconomic strategy, applauded the country's projected 9% real GDP growth rate, and noted that the government was on track with IMF Poverty Reduction and Growth Facility (PRGF) targets.
In addition, Madagascar's eligibility for AGOA has significantly increased Malagasy exports to the U.S. and foreign investment in Madagascar.
www.nationbynation.com /Madagascar/Economy.html   (1003 words)

 Mahajanga — FactMonster.com
Encyclopedia: Madagascar Political Geography - Encyclopeadia articles concerning Madagascar Political Geography.
Madagascar: Land, People, and Government - Land, People, and Government Madagascar is made up of a highland plateau fringed by a lowland...
Madagascar: History, Geography, Government, and Culture - Information on Madagascar — geography, history, politics, government, economy, population statistics, culture, religion, languages, largest cities, as well as a map and the national flag.
www.factmonster.com /ce6/world/A0831195.html   (182 words)

 Madagascar Ariary and Madagascar currency information including currency exchange rates
The republic of Madagascar is divided into three branches: executive, legislative, and judicial.
The Cabinet in Macedonia is a Council of Ministers elected by the majority vote of all the deputies in the Assembly.
Although formerly a socialist economy, Madagascar has been following a World Bank and IMF led policy of privatization and liberalization since the mid-1990s.
www.gocurrency.com /countries/madagascar.htm   (543 words)

 Economy - Madagascar - Africa
Madagascar is one of the world’s poorest countries, with a gross domestic product of $3.9 billion, or $250 per person, in 2000.
The economy remains, as in colonial times, predominantly agricultural, with 77 percent of the labor force engaged in agricultural activities.
Many operations controlled by French interests were nationalized in 1975.
www.countriesquest.com /africa/madagascar/economy.htm   (104 words)

 Madagascar Economy
A period of significant stagnation from 1991-96 was followed by 5 years of solid economic growth and accelerating foreign investment, driven by a second wave of privatizations and EPZ development.
A six-month political crisis triggered by a dispute over the outcome of the presidential elections held in December 2001 virtually halted economic activity in much of the country in the first half of 2002.
Madagascar developed a recovery plan in collaboration with the private sector and donors and presented it at a "Friends of Madagascar" conference organized by the World Bank in Paris in July 2002.
www.traveldocs.com /mg/economy.htm   (634 words)

 Madagascar Economy
Economy—overview: Madagascar suffers from chronic malnutrition underfunded health and education facilities a roughly 3% annual population growth rate and severe loss of forest cover accompanied by erosion.
Agriculture including fishing and forestry is the mainstay of the economy accounting for 56% of GDP and contributing more than 70% to export earnings.
Formidable obstacles stand in the way of Madagascar's realizing its considerable growth potential; the extent of government reforms outside financial aid and foreign investment will be key determinants.
www.world66.com /africa/madagascar/economy   (278 words)

 SIM Country Profile: Madagascar
Madagascar, the world's fourth largest island, lies in the Indian Ocean, nearly 250 miles off the southeast coast of Africa.
Madagascar is among the world's 18 poorest nations, and its per capita Gross National Product (GNP) fell by 3.4% per annum between 1980 and 1988.
The largest Protestant churches by far are the Church of Jesus Christ in Madagascar (which grew from dedicated missionary work in the nineteenth century by the London Missionary Society) and the Lutheran Church.
www.sim.org /country.asp?cid=30&fun=2   (631 words)

 Economy of the United Arab Emirates - Wikipedia, the free encyclopedia
Prior to the first exports of oil in 1962, the United Arab Emirates economy was dominated by pearl production, fishing, agriculture, and herding.
Since the rise of oil prices in 1973, however, petroleum has dominated the economy, accounting for most of its export earnings and providing significant opportunities for investment.
However, to control illegal immigration into the country, on November 9, 2002, the UAE immigration ministry announced that all Indians visiting the country must have a return ticket.
en.wikipedia.org /wiki/Economy_of_the_United_Arab_Emirates   (1065 words)

 Africa > Madagascar > Country Information > Economy   (Site not responding. Last check: 2007-10-26)
Madagascar suffers the malaise of an underdeveloped country further hindered by an acute paucity of arable land.
The main problems the country faces include chronic malnutrition, poor health and education facilities, low population growth, soil erosion and deforestation.
Agriculture, fishing and forestry are the mainstay of the economy, accounting for 32% of GDP and more than 70% of export earnings.
www.journeymart.com /DExplorer/Africa/Madagascar/ciEconomy.htm   (136 words)

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