Movements·madagascar_rajoelina_fiscal_climate_reform_2024_present

Madagascar fiscal and climate reform programme 2024-present

MDG·2024 – present·Rajoelina government

Leaders: Andry Rajoelina (President, 2024-) · Christian Ntsay (Prime Minister, 2018-2024) · Ntsay and successor governments under Rajoelina's second elected term

Doctrine — stated goals and content

Madagascar's 2024 reform programme presents IMF re-engagement, fiscal consolidation, energy-subsidy reduction, and climate-resilience regulation as the basis for restoring macroeconomic stability while protecting priority investment. The regime is coded narrowly around enacted or programme-backed fiscal, fuel-pricing, and environmental-assessment measures rather than as a broad claim about nationwide implementation capacity.

Policy-content fingerprint — how the framework codes this movement on its axes

↓

spending level

fiscal.spending_level

General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.

decreased · moderate

lower spending share

ECF fiscal targets and reduced fuel under-recoveries restrain subsidy-driven spending pressure.

↓

sectoral subsidy

fiscal.sectoral_subsidy

Targeted industrial and sectoral subsidies (renewable energy, chip manufacturing, agriculture, green hydrogen, etc).

decreased · moderate

reduced sectoral subsidies

Automatic fuel-price adjustment lowers petroleum subsidy exposure.

↓

price control intensity

regulatory.price_control_intensity

Statutory or administrative ceilings, freezes, margin caps, or mandated below-cost pass-through rules for goods and services outside housing. This axis separates direct price ceilings from general product-market entry regulation.

decreased · moderate

weaker, narrower, or removed price controls

Fuel pump prices move toward formula-based adjustment rather than discretionary ceilings.

↑

environmental stringency

regulatory.environmental_stringency

Environmental regulation stringency — emissions caps, standards, phase-out mandates, carbon pricing, renewable portfolio standards.

increased · moderate

more stringent environmental rules

RSF-linked climate reforms and ESIA rules increase project-screening stringency.

↑

rule of law

institutional.rule_of_law

Rule of law as institutional substrate — contract enforcement, judicial independence, equal treatment before the law. Upstream of most other axes.

increased · weak

stronger rule of law

Programme governance, public-financial-management, and ESIA procedures add rule-bound administrative requirements.

Policies enacted

· mdg_imf_ecf_rsf_2024
· mdg_automatic_fuel_price_adjustment_2024
· mdg_environmental_social_impact_assessment_decree_2024

References

IMF, Republic of Madagascar 2024 Article IV Consultation and First Review under the ECF and RSF, 2025.
Government of Madagascar fuel-pricing and environmental-assessment policy materials, 2024.

Notes

Weak-publication-state source posture: the movement relies heavily on IMF programme documentation and should be treated as a formal-policy regime, not a claim that implementation was uniform across the country.