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The banking sector in Madagascar

Madagascar's banking sector is gradually modernizing, with financial institutions supporting economic development. Thanks to its expanding commercial banks and innovative financial services, Madagascar is developing an accessible banking system that facilitates financial inclusion and supports productive investment.

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The establishment of the national gold reserve and the formalization of the sector are underway. A partnership agreement was signed at the end of October 2020 between the...

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As in all countries affected by the pandemic, the health crisis had a negative impact on the Malagasy economy in 2020. The IMF is forecasting a recession of 11% to 3%. The...

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The AfDB approved, at the end of October 8, 2020, the Industrialization and Financial Sector Support Project (PAISF) for a loan of approximately 14.52 million euros through the African Development Fund...

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The Malagasy banking landscape has undergone significant transformation with the arrival of new foreign banks and microfinance institutions (MFIs). The banking sector is characterized by high levels of profitability, but...

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