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PROJECT OF ECONOMIC DEVELOPMENT AND SOCIAL DEVELOPMENT IN VIEW FOR MADAGASCAR, 2015 BE IT A YEAR BEST ?

Slight increase on 2012 (1.9 %), economic growth in 2013 remained low (2.6 %), Ditto in 2014 with 3.7% (estimate), driven mainly by the mining sector, but she is better 2015 around 5.4 % through the gradual normalization of the political situation of the country.

Madagascar took a step out of the political crisis that has lasted five years with the Organization of the presidential and legislative elections in the last quarter of 2013, paving the way to international recognition and the revival of economic and social development.

The participation of the country in the global value chains is limited, Despite its many advantages at the level of tourism, free zone of the textile companies, ICT-related services, Besides its natural resources in the agricultural and mining sectors.

The political crisis in Madagascar since 2009 continues to adversely affect their economic and social outcomes. Although improving on the 1.9 % registered in 2012, with 2.6 % the growth in 2013 remained low compared to population growth (2.8 %) and the average economic growth of sub-Saharan Africa estimated at 5.1 % by the international monetary fund (IMF).
She was driven by the extractive industries, agribusiness, the banking sector, transport, farming and fishing. Macroeconomic stability has been preserved at the cost of drastic fiscal adjustments affecting both the ability of the State to ensure basic services and economic recovery.

The budget deficit widened to 3 % gross domestic product (GDP) against 1.3 % en 2012. The deficit of the current account balance was contained in 8.8 % of GDP, close to his level of 2012 (8.3 % of GDP). Finally, inflation grew at 6.9 %, against 5.8 % en 2012.
In the event of a political normalisation following the presidential and legislative elections in December 2013, growth is expected to improve in 2015, driven mainly by agriculture, agribusiness, extractive industries, tourism and the building and to 5.4 %.

The weak growth and poor distribution failed to improve the living conditions of the vast majority of the people of Madagascar, jeopardizing the achievement of the objectives of the Millennium Development (WCO) en 2015.
According to the national follow-up of the MDGS 2012/13, more than 70 % of the population (whose 77 % in rural areas) lives below the national poverty line. The Sub job remains particularly high among young people and jobs have become widespread with the crisis, touching near 81 % workers, including women in rural areas.

Finally, Although the global value chains (CVM) represent a chance for the development of the country, participation in these is limited to gross output for exports and sales to consumers of imported products.
The country still has many strengths with tourism, the free zone of the textile companies, information and communication technology-related services (ICT), Besides its natural resources in the agricultural and mining sectors.
For his full participation in GVCS, Madagascar should break with the cyclical political crises, combat corruption effectively and develop human capital and infrastructure