Republic of Madagascar

Republic of Madagascar

Political Economy Summary

Capital Antananarivo
Independence 26 June 1960
Current Head of State H.E. Andry Nirina Rajoelina
Current Head of Government P.M. Christian Louis Ntsay
Minister of Foreign Affairs Tehindrazanarivelo Djacoba A. S. Liva
Minister of Finance Richard James Randriamandrato
Central Bank Govenor Henri Edmond Rabarijohn
Next National Elections Date 2023
Government Website
Parliament Website




Click on a thumbnail below to read the relevant PESA Editorial on Madagascar.

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 ...
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Trade and Regional Integration in Madagascar: FY2019/20
Madagascan exports have been growing slower than imports during the period from 2015 to 2018. This has not led to a significant deterioration in gross ...
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Madagascan Public Debt Sustainability
Madagascar’s total public and publicly guaranteed debt decreased slightly from an average of 41.1% of GDP from 2015 to 2017, to 39.7% of GDP in ...
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PESA Editorial - Madagascar - 3Q2018/19
Since independence from France in 1960, Madagascar’s economy and development challenges have been compounded by periodic political unrests that have hampered economic growth and limited ...
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Click on a thumbnail below to view the latest PESA public engagements on issues relating to Madagascar.

PESA Power987 Interview
Interview about the regional impact of Cyclone Idai on the SADC region and the response. The discussion reviews the state of disaster risk-management in the ...
PESA Power987 Interview
Interview about the SADC political economy outlook for 2018. The interview also analyses the impact of political uncertainty associated with upcoming elections in the DRC, ...
PESA Power987 Interview
Interview about the 2017 French Presidential Elections and the future of Françafrique and the CFA Franc. The interview also analyses the political economy outlook and ...
Madagascar Geographic Location
Geographic Location

Madagascar is a large island in the Indian Ocean off the eastern coast of Southern Africa, east of Mozambique. It is the fourth largest island in the world. The capital Antananarivo is in the Hauts Plateaux near the centre of the island. Madagascar is 400 kilometres east of mainland Africa.

Malagasy Cities
Malagasy Cities
Malagasy Coat Arms
Coat of Arms

The Malagasy coat of arms includes an outline map of the island at the centre with two smaller islands nearby, Glorioso Islands and Tromelin Island, and below it the head of a zebu. Green and red rays emanate from the State’s map, making it look like the sun or the ravenala, a common plant in Madagascar.

The seal is surrounded by the Malagasy words, at the top: REPOBLIKAN’I MADAGASIKARA which means “Republic of Madagascar”; and at the base: TANINDRAZANA – FAHAFAHANA – FANDROSOANA meaning “Homeland – Liberty – Development”.

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