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Madagascar Gets $44 Million Instalment From IMF to Boost Growth
The objective is to support the island nation’s efforts to “reinforce macroeconomic stability.”
28 Jul 2019, 06:17 AM IST 
An island is seen from an airplane window. (Photographer: Akio Kon/Bloomberg)
(Bloomberg) -- The International Monetary Fund released $43.7 million to Madagascar under a longer-term arrangement to support growth and control inflation in the Indian Ocean island nation.
The total amount given is now $304.5 million, the IMF said in a statement on its website. The objective is to support the country’s efforts to “reinforce macroeconomic stability and boost sustained and inclusive growth.”
To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory1@bloomberg.net
To contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, John Bowker, Sarah Algethami
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