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Madagascar focuses on economic growth with support of IMF

Madagascar focuses on economic growth with support of IMF

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Madagascar is planning to triple investment spending in order to boost the economy of the Indian Ocean island.

It follows a three-year US$ 310 million commitment by the International Monetary Fund (IMF).

Madagascar is one of the poorest countries in Africa; its economy is built on subsistence farming but also increasingly nickel and cobalt mining.

Bruce Edwards asked Marshall Mills, IMF Mission Chief there what led to the IMF funding agreement.

Duration: 5'27"

Photo Credit
FAO/Yasuyoshi Chiba