Tag #Rajoelina

What are the key conditions set by the IMF for Madagascar to receive the second tranche of its loan, and what are the immediate consequences of failure to meet those conditions?

The International Monetary Fund (IMF) mission chief, Constant Lonkeng Gouana, met with Madagascar's President Andry Rajoelina to discuss the country's economic reforms. A key concern is Jirama, the national water and electricity company, whose financial health is crucial for the disbursement of a second IMF loan tranche. The IMF's approval hinges on Jirama's recovery plan, alongside adjustments to fuel pricing and the national budget.