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, the government said on Thursday, making it the first donor to do so since a peaceful election late last year.
The election of President Hery Rajaonarimampianina 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!
