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Is necessary” Accelerate the implementation of development projects and programs to meet people’s expectations and achieve tangible development “. The President of the Republic, Andry Rajoelina, received yesterday at the National Palace in Ambohitsorohitra the new Resident Representative of the International Monetary Fund (IMF) in Madagascar, Kodjovi Mawulikplimi Eklou.
During this meeting, President Rajoelina recalled that the new Resident Representative of the IMF is not new to Madagascar, as he had already participated in the negotiations and contributed to the agreement on the Extended Credit Facility (FEC) and the Reserve Fund for Development (FRD) in support of the Big Island. The Malagasy Head of State then expressed his confidence that an effective strategy will be able to achieve the desired results and have a significant impact on the people.
IMF support and assistance are essential to achieving these goals. On 21 June, a budget envelope of US$ 663 million was provided to Madagascar within the framework of the FEC and FRD, further strengthening support.
Madagascar is firmly committed to continuing its efforts to improve the country’s economic performance through sustained economic growth, job creation and development, price stability, external balance and institutional reform. President Rajoelina then reiterated the Government of Madagascar’s desire to develop cooperation with the International Monetary Fund.
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