(3,799 words)
Madagascar’s economic growth in the wake of Covid-19 impacts continued to be strong in 2022, erasing the sharp losses of 2020. However, inflation was high at 11.2% as agricultural production and manufacturing continued to be blamed. Disproportionate increases in rice and petrol prices contributed to the worsening of social conditions in a country already suffering as one of the poorest in the world. The drought in the southern part of the country continued throughout the year, with 1.95 m people facing ipc (Integrated Food Security Phase Classification) Phase 3, Crisis, or higher-level food insecurity as a result. Multilateral and bilateral donors continued to recognise the urgency and the need to increase both humanitarian relief and long-term portfolio investments. While questions were raised about the slow implementation of President Andry Rajoelina’s socioeconomic velirano (commitments), and his significant steps to consolidate power, the international community continued to see a certain amount of stability in his administration. By year’s end, opposition leaders had already begun positioning themselves for the 2023 presidential elections, but this appeared to expose their weaknesses more than their strengths.
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(3,799 words)