IMF restores ties with Madagascar five years after coup


  • World
  • Thursday, 13 Mar 2014

Madagascar's Minister for Finance and Budget Lantoniaina Rasoloelison speaks during an interview with Reuters in his office in the capital Antananarivo, October 24, 2013. REUTERS/Thomas Mukoya

ANTANANARIVO (Reuters) - The International Monetary Fund has restored ties with Madagascar for the first time since a coup on the Indian Ocean island in 2009, a vital step to rebuilding confidence in the battered economy.

The election of President Hery Rajaonarimampianina in December marked an important step towards ending a five-year political crisis that saw donors suspend funds, depriving the government of cash and stunting economic growth.

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