Madagascar Finance Minister Resigns

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Madagascar’s finance minister, Gervais Rakotoarimanana, has revealed that he plans to step down as the country’s finance and budget department after citing differences between himself and the country’s President Hery Rajaonarimampianina.

Gervias revealed during a press conference attended by Reuters that such differences would stand in the way of him discharging his duties effectively, hence the need to step down.

“The conditions enabling me to successfully complete my mission are not fulfilled,” he told a gathering of reporters at a news conference. “That’s why I handed in my resignation as minister of finance and budget to the president of the republic on Friday.”

Madagascar is situated off the southeast coast of Africa and is the fourth largest island in the world.

The nation is popularly known for its unique wildlife, although it relies heavily on agricultural produce such as paddy rice, coffee, vanilla and cloves for national revenue.

It however, remains one of the poorest countries in the world despite boasting a wealth of natural resources and a promising tourism industry. It survives largely on foreign aid from western governments.

 

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