Energy, digital and mining: The pillars of economic recovery

The Malagasy economy is showing signs of recovery, with growth maintained at 4.2% in 2024 and a forecast acceleration to 4.7% on average for the period 2025-2027.

This dynamism is supported by the textile, mining and services sectors, provided that the structural reforms recently initiated continue. The latter aim to strengthen competition in key areas and improve the investment climate.

The Economic Outlook for Madagascar highlights the urgent need to increase productivity to ensure sustainable and inclusive growth, as well as job creation. An increase in performance is necessary to generate better-paid jobs and reduce poverty.

The World Bank reaffirms its commitment alongside the government, the private sector and the Malagasy population to support these transformations. According to experts, the Big Island must accelerate structural strategies in strategic sectors such as energy, digital and mining. The goal is to unleash its potential production capacity and foster innovation.

To stimulate growth, it is necessary to strengthen business productivity, optimize resource allocation and support the emergence of new businesses. This involves facilitating access to financing, encouraging entrepreneurship, developing infrastructure and simplifying administrative procedures. Strategic measures to ensure reliable and affordable electricity are essential to ensure long-term development and improve the livelihoods of the Malagasy population.