Herintsalama Rajaonarivelo: “The support of donors remains essential”

Mis à jour le 21 May 2026

Herintsalama Rajaonarivelo: A Key Player for Madagascar’s Economic Stability in 2026

As the year 2026 approaches, Madagascar faces a complex economic situation where dependence on international aid remains an unavoidable reality. Since taking office, Prime Minister Herintsalama Rajaonarivelo has demonstrated a clear vision on the need to combine national commitment with partnerships with donors. While some popular movements have called for a break with these external financial actors, it now appears that their support is essential to guarantee the country’s continued development. The Malagasy economic situation is characterized by increased fragility, particularly due to considerable deficits, reaching approximately 4 trillion ariary according to the latest estimates. In a context where internal resources are insufficient to cover social needs and finance infrastructure, international aid constitutes a vital lifeline. Managing this relationship requires a minimum of pragmatism and transparency, while ensuring that investments are directed towards priority sectors. Furthermore, in a global environment where cooperation with foreign partners is more necessary than ever, Herintsalama Rajaonarivelo is committed to maintaining a delicate balance: effectively supporting the economy while respecting national sovereignty. This strategic positioning is part of a reform dynamic aimed at making Madagascar a country capable of managing its challenges with enhanced autonomy, while relying firmly on its partners.

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The crucial challenges of donor support for Madagascar in 2026

https://www.youtube.com/watch?v=ejgkzblBL_U Herintsalama Rajaonarivelo’s strategies for preserving cooperation with donors

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The challenges of balanced financial resource management in 2026

One of the major challenges for Madagascar lies in managing its limited financial resources, despite a commitment to investing in priority sectors. Low tax revenues necessitate extreme caution in allocating funds, while simultaneously pursuing international commitments made within the framework of development programs. The state’s ability to mobilize funds, combining domestic financing with external aid, often hinges on the credibility of its reform measures. However, persistent corruption and the structural weakness of institutions remain obstacles to optimal management. Furthermore, chronic dependence on external aid exposes the country to the risks of financial blackmail or conditions that are often difficult to accept. Thus, the government must constantly balance its immediate needs, such as economic stability and responding to health or climate crises, with a long-term vision focused on financial autonomy. Initiatives aimed at strengthening transparency and governance are therefore essential to securing these limited resources, ensuring that ongoing investments produce the desired results, and enabling the country to gradually reduce its dependence. The ability to mobilize these resources in a challenging global environment requires rigorous management and well-balanced diplomacy.

Structural reforms are essential to putting Madagascar on the path to self-reliant development.

To ensure sustainable development and avoid excessive dependence on donors, Madagascar must undertake profound reforms. These changes primarily concern the modernization of governance, the fight against corruption, and the strengthening of the institutional framework. Budgetary transparency, often undermined by financial irregularities and embezzlement, is a crucial step. The new policy must also prioritize an environment conducive to private investment by simplifying administrative procedures, securing property rights, and fostering a climate of trust. Furthermore, a reform of the tax system, which must become more equitable while increasing revenue, is essential to reduce dependence on foreign aid. If these measures are adopted seriously, they can transform Madagascar into a more attractive territory for both local and foreign investors. Economic transformation must be based on sector diversification, particularly by promoting agriculture, tourism, and manufacturing. The success of this process will depend on the government’s ability to implement these reforms in a context often marked by resistance to change.

New policies on transparency and the fight against corruption in the management of international funds

Donor confidence rests largely on the credibility of rigorous governance. In 2026, Herintsalama Rajaonarivelo affirmed his commitment to improving transparency in the use of public resources and combating corruption. The implementation of modern oversight tools, the regular publication of accounts, and the accountability of ministers and local officials are all visible actions. Transparency must not be limited to mere communication but must translate into exemplary management that is accountable to the public and partners. Madagascar must also strengthen its audit and internal control mechanisms to ensure the optimal use of funds allocated to development projects. The fight against corruption is crucial to restoring the confidence of investors and international institutions, which may withdraw their support if transparency is not guaranteed. This commitment to good governance must be considered a central pillar of the national strategy for sustainable and sovereign growth, enabling the country to unlock its full potential and preventing any obstacles to development caused by irregular or criminal practices.

How important is donor support for Madagascar in 2026?

Donor financial support is crucial for Madagascar, as it enables the funding of essential projects in key sectors such as energy, health, and education. Lacking sufficient domestic resources, the country is heavily dependent on this aid, the prudent and transparent management of which is essential to ensure sustainable growth.

What are the main challenges related to managing these resources in 2026?

Madagascar faces challenges such as low tax revenues, corruption, and weak institutions. These obstacles complicate the optimal management of external financing and risk hindering economic development.

How does Herintsalama Rajaonarivelo envision cooperation with international partners?

The Prime Minister emphasizes transparent management, a diversification of partners, and local involvement in projects. The priority is to strengthen the country’s credibility while ensuring the efficient and responsible use of external resources.