Madagascar Roundup: IMF support, food insecurity, Independence Day

The IMF logo is seen outside the headquarters building in Washington
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne September 4, 2018. REUTERS/Yuri Gripas/ File Photo
Source: X00866

Jumping leeches

Video evidence of jumping leeches in Madagascar captured by researchers from Fordham University has ended a centuries-old debate. The discovery, published in Biotropica, highlights the evolutionary advantages and conservation implications of leech behaviour, Wion reports.

Food insecurity

The Ambodifasika United Methodist Church in Madagascar is addressing food insecurity caused by climate change in the region. With assistance from the United Methodist Committee on Relief, church members distributed food and support to communities affected by drought and flooding. The area is plagued by extreme poverty and lack of access to clean drinking water. UM news reports, the church provided essential aid to over 300 individuals, including rice, soap, and clothing. The church is hoping to further support the community with sustainable development projects in the future.

Cable car transport

Madagascar's capital, Antananarivo, has introduced a new cable car transportation system that aims to alleviate traffic congestion. The system can transport up to 75,000 people daily but has faced criticism for its cost and prioritisation over other social issues. According to Arise News, the government announced plans for a subsidised fare for students and pensioners and the cable cars are set to be available for public use in 2025.

 Independence Day

UAE leaders, including President Sheikh Mohamed bin Zayed Al Nahyan and Vice President Sheikh Mohammed bin Rashid Al Maktoum, have congratulated President Andry Nirina Rajoelina of Madagascar on Independence Day. Sheikh Mansour bin Zayed Al Nahyan also sent a similar message to Prime Minister Christian Ntsay, Catchnews reports.

IMF support

Madagascar has received a $658 million loan from the IMF to support economic growth and resilience. The loan will be used to strengthen climate change adaptation, improve fiscal balance, and create fiscal space for investment. The country's growth prospects appear favourable, but it remains vulnerable to climate shocks. According to Market Forces Africa, the IMF and the authorities are implementing measures to improve governance, and transparency, and fight against corruption. The new loan arrangements aim to support Madagascar's program focused on strengthening human capital, accelerating economic development, and improving governance.

You may be interested in

/
/
/
/
/
/
/