Founder of Madagascar Briefing. Independent analyst of the island's economy, public policy, and business environment.
Oct 24, 2026
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7 min read
The President moves officials on the spot, but the biggest corruption cases wait for a court. The 2027 budget reaches Parliament. And JIRAMA's numbers say power bills are going up. The signals came this week. The hard decisions come next.
Oct 17, 2026
6 min read
The IMF wants the state to spend faster and tax better, the euro is back above Ar 5,000, and one year after taking power the colonel says there is no political crisis. The money exists. Getting it spent is the hard part.
Oct 12, 2026
The ariary has lost its gains, prices are going up, and the IMF’s new money comes with conditions. One year after the takeover, someone has to pay. The question is who.
Jul 18, 2026
4 min read
A rising ariary, banks full of idle cash, and the country's biggest foreign miner quietly heading for the exit.
