IMF Official to Leave Madagascar Next Month Amid Crisis, l'Express Reports

Bloomberg

(Corrects month in headline, first paragraph.)

The International Monetary Fund’s representative in Madagascar will leave at the end of October and won’t be replaced until a political crisis on the Indian Ocean island nation is resolved, l’Express reported.

The fund is still deciding what to do with its office in the country, the Antananarivo-based newspaper said, citing Pierre van den Boogaerde, the country representative.

The IMF’s departure is unlikely to have an immediate impact on the country as it ceased direct funding of development programs following an unconstitutional change of government in 2009, the newspaper said.

To contact the reporter on this story: Hannah McNeish in Antananarivo via Johannesburg atpmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg atasguazzin@bloomberg.net.