Madagascar hopes to boost economic growth through agricultural transformation

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Madagascar hopes to realize economic development through agricultural transformation, Madagascar’s President Hery Rajaonarimampianina said on Thursday.

“I am committed to give new impetus to the economic development of Madagascar. We should ensure agricultural transformation,” the president said at the opening ceremony of a four-day international agriculture fair.

“Madagascar needs to focus on a fundamental sector, the agricultural sector that is the basis of food security,” said Rajaonarimampianina.

“The agricultural sector remains the surest asset of food security, but also one of the most credible paths to get our country out of poverty and its food insecurity situation,” he said.

About 30 million hectares of arable land in Madagascar remains untapped, he said, noting that Madagascar has many market opportunities.

“We have 500 million consumers only in the sub-region, including the Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA) and Indian Ocean Commission (IOC),” he said.

Rajaonarimampianina said that it is necessary to face the international rules of international trade “by supplying products in quantity and quality, respecting the standards and specificities demanded by these markets.”

Minister of Agriculture Rivo Rakotovao said the government is going to solve the land problems between family farmers and agribusiness.

The government will seek a solution so that investors can provide financial support to improve the production of small farmers, the minister said. Enditem

Source: Xinhua/

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