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Balance of Payments and International FDI Position in Madagascar: FY2019/20

[Dataset] Balance of Payments and International FDI Position in Madagascar: FY2019/20

Balance of Payments and International FDI Position in Madagascar: FY2019/20
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  • Create Date 7 months ago
  • Last Updated Apr 22, 2020

[Dataset] Balance of Payments and International FDI Position in Madagascar: FY2019/20

Madagascan merchandise export earnings have grown consistently since 2016. The export earnings growth has not been sufficient to improve Madagascar’s current account balance. The balance of payments deteriorated but gross official reserves increased slightly due to the consistent inward foreign direct investment (FDI) inflows and volatile outward FDI flows. These capital flows have improved Madagascar’s balance of payments but deteriorated the country’s net international FDI position. Nonetheless, Madagascar’s balance of payments is projected to remain stable from 2020 onwards, which is projected to support growth of gross official reserves in the medium-term.

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