Madagascar gets US$44 million installment from IMF to boost growth

Lemurs in Madagascar’s Vohibola forest are in danger of being wiped out by poaching and logging. (AFP pic)

PORT LOUIS: The International Monetary Fund released US$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 US$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.”