Country Overview:

IOA has been a long-time provider of in-depth research and data-based consulting services on all aspects of Madagascar. Our analysts have noted that, while the economy is mostly unregulated, economic freedom is poor due to a weak judicial system that leads to difficulty enforcing contracts. Extensive government corruption is another challenge. While Madagascar’s natural resources can be much more extensively exploited, a lack of capital markets hinders investment. Decades of political instability have held back national development.

The island has been one of the world’s first to suffer climate change impacts, from increasingly devastating cyclones to droughts. Madagascar’s remoteness hinders tourism, IOA research has found, and while the unique flora and fauna are big tourism draws, these are threatened by global warming and human encroachment into their habitats.