2009 Investment Climate Statement
The GOM officially welcomes foreign investment and the country’s regulatory framework is evolving to become more investor-friendly. Administrative level implementation, however, often lags official policy. Madagascar has generally not been an easy place to launch and grow a business – for nationals and foreign investors – but the significant stock of foreign investment is evidence of the rewards available. Although the current government has expressed a commitment to improve the investment climate, in practice, conflicts of interest and the lack of a level playing field continue to plague investors. A lack of transparency in contracting and in government regulatory decisions also dampens the investment climate.
2009 Investment Climate Statement
