Madagascar’s president Hery Rajaonarimampianina said Friday conditions are ripe for a “harmonious emergence” of Madagascar.
“Madagascar has now the opportunities to achieve a harmonious emergence,” the president said Friday in his national address during the annual New Year greetings.
“In all its history, Madagascar has never fulfilled the conditions for an effective emergence,” Rajaonarimampianina said.
The president mentioned the 10 billion U.S. dollars promised by donors, including 3.4 billion dollars in forms of investment announced in December.
The International Monetary Fund (IMF), the African Development Bank (AfDB) and the European Union (EU) will support Madagascar in setting up special economic zones in Fort Dauphin and in the north of the country, he revealed.
The special economic zones will create jobs for young people, boost economy, improve people’s lives and generate revenues for the state, he said.
With regard to the country’s energy situation, the president promised to install new hydraulic dams as well as other solar energy infrastructure.
In the New Year greeting, Rajaonarimampianina also announced a 7-percent increase in the salary of civil servants for 2017. Enditem