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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!