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Madagascar
IMF puts financing on hold after fuel price reform delay

LogoSubscribers only By Laure Verneau
2 min read Lire en français

A TotalEnergies petrol station off Route Nationale 7 (RN7) in Ambatofitorahana, Madagascar.
A TotalEnergies petrol station off Route Nationale 7 (RN7) in Ambatofitorahana, Madagascar. © Bertrand Gardel/Hemis/AFP

Due to the failure of Colonel Michael Randrianirina's junta to apply a mechanism recommended by the International Monetary Fund, the institution has postponed a disbursement totalling $189m.

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