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Madagascar
The COVID–19 pandemic put a brake on Madagascar’s four years of economic growth. After real GDP growth of 4.4% in 2019, the country went into a recession in 2020, with real GDP declining 4%. Manufacturing, mining, and services were hardest hit because of containment measures, while agriculture performed well. The crisis also put pressure on the financial sector, prompting the central bank to inject liquidity into the system. But prices were contained.
Key Facts
| Flag: |  |
| Capital: | Antananarive |
| Area: | 587,041 sq km |
| Total Population 2017: | 25.6 Million... |
| Urban Population 2017: | 73.50% |
| Female Population 2017: | 49.70% |
| GDP: | US$ 10.3 Billion |
| GNI Per Capita 2015: | US$ 420 |
| Inflation Rate: | 7.04% |
| Crude Birth Rate (per 1000): | 33.70% |
| Human Development Index (rank / 188): | 158 |
| Human Development Index (scale 0 to 1): | 0.512 |
| Membership Date: | 03/05/1976 |
| Cumulative Approvals (1967-2016): | UA 1.0 Billion |
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Contacts
Madagascar Country Office
Mr Adam Amoumoun, Country manager
Groupe de la Banque africaine de développement
Rue Ravoninahitriniarivo
Tour Zital – 8ème Etage - Ankorondrano
BP 1718 Analakely
Antananarivo 101, Madagascar
Tél : (261) 2022 643 61, 202264189 Ext. 6000-6029
Fax : (261) 2022 642 32
Regional Development, Integration and Business Delivery Office (RDIB)
Executive Director, Mr. Brahim BOUZEBOUDJEN
Senior Advisor, Mr. Mohamed MESSOUCI
Advisor, Ms. Haingotiana Liliane RAJEMISA
Alternate Executive Director, Mr. Alfredo Paulo MENDES
African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa
Tel: +27 12 003 6900