On 19 October 2026, in Antananarivo, Prime Minister Mamitiana Rajaonarison launched the technical exchanges on Madagascar's National Public Investment Policy. The consultation, organised by the Prime Minister's Office, will run until 18 December and brings together government institutions, the private sector, civil society, universities and international partners around nine priority themes.
A structural reform for Madagascar's public finances
The stated goal is to direct state budget resources towards sectors and projects with the highest economic and social impact. The process, launched at the University of Antananarivo (Ankatso), spans two months to ensure broad consultation before a final framework is adopted.
The nine themes cover national priorities, regional development, social sectors, digital transformation, financing mechanisms, and project monitoring and evaluation. Particular attention is paid to transparency and governance, to limit wasteful spending.
The Prime Minister's message: real needs first
Mamitiana Rajaonarison set a clear principle at the opening: «It is not the available financial resources that should determine our actions.» In other words, investment priorities must be defined by the country's real needs — in infrastructure, essential services, roads, irrigation — and not by the short-term budget envelope.
The Prime Minister called for visible impact on the daily lives of Malagasy people: better mobility, access to services, and support for economic activity among traders and farmers, particularly outside major urban centres.
Multiple stakeholders around the table
The breadth of participants reflects the ambition of the approach. Sector ministries, regional representatives, the private sector and international technical and financial partners will all be involved. Universities and civil society also participate, to ground the reflection in on-the-ground reality.
Conclusions expected by 18 December 2026 must produce an operational public policy document capable of guiding budget decisions in coming financial years.
Why this matters
Madagascar faces a paradox: massive investment needs in a context of limited public resources. A well-calibrated national public investment policy can become a decisive lever for attracting international co-financing — World Bank, AfDB, JICA — and maximising the impact of every ariary invested. It also signals to private investors a more predictable government framework.