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Regional market integration within the AfCFTA to further agri-food transformation and food security - The case of the Republic of Madagascar

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  • Isabelle Tsakok

Abstract

If the recent peaceful transfer of power in Madagascar heralds a new trend, then the Malagasy people can dream big. For decades, the exercise of economic-cum-political power in the hands of a tiny elite has held the entire nation hostage. Today, the high poverty rate—around 80% (2021) stands in stark contrast to the natural resource abundance of this huge enormous island. There is hope, however, that with political stability, the Plan d’Émergence Madagascar (PEM) President Andry Rajoelina will undertake critical investments and reforms the Plan d’Émergence Madagascar (PEM) under President Andry Rajoelina will undertake key critical investments and reforms. If these initiatives persist, Madagascar can grow and exploit the historic market opportunities offered by the African Continental Free Trade Area (AfCFTA). Major sectors like agriculture and agri-business; tourism; textile and apparel industry hold promise for making a major significant contribution to poverty reduction in the short to medium terms, thus strengthening the current fragile recovery towards a more food secure and resilient Madagascar.

Suggested Citation

  • Isabelle Tsakok, 2022. "Regional market integration within the AfCFTA to further agri-food transformation and food security - The case of the Republic of Madagascar," Policy briefs on Economic Trends and Policies 2234, Policy Center for the New South.
    • Handle: RePEc:ocp:pbecon:pb_64-22
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    File URL: https://www.policycenter.ma/sites/default/files/2022-11/PB_64-22_Tsakok.pdf
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    References listed on IDEAS

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    1. Maret, Fenohasina, 2007. "Distortions to Agricultural Incentives in Madagascar," Agricultural Distortions Working Paper Series 48551, World Bank.
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