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Investing in Madagascar

The EDBM is there to facilitate and promote domestic and foreign direct investments. Our aim is to make the investment climate attractive to private companies and favorable to their success.

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Objectives

Improve the investments climate for the rapid growth stated in the MAP

The EDBM has been created in 2006 to facilitate and promote domestic and foreign direct investments. The EDBM aims to make the investment climate attractive to private companies and favorable to their successes.

Increase Foreign Direct Investment

  • Improve and promote FDIs intensively and the investments climate
  • Carry out a « guillotine » approach of administrative procedures that are an impediment to investment
  • Implement and apply the new law on investments
  • Develop a new and targeted marketing strategy to attract FDIs
  • Set up an industrial zone to speed up and facilitate investment in export-oriented activities
  • Create a land bank to facilitate and speed up investment project implementation in tourism and agribusiness
  • Initiate and ratify priority bilateral, regional and international investment protection agreement and non-double taxation agreement to increase investor confidence
  • Strengthen the industrial arbitration court to solve disputes between employers and employees and between investors and government agencies/other investors
  • Extend the insurance system on international transactions (Trade Insurance Agency)

Strengthen domestic enterprises, SMEs and handicraft industry

  • Increase the incentives for the integration of the informal sector into the formal sector : training, access to credits and to technologies, information about the market
  • Draw up and implement the national policy for the promotion of SMIs/SMEs as well as craft industry and trade.

Enhance international trade competitiveness

  • Set up One Stop Shop for Exports

Intensively develop the mining sector

  • Promote the exploration and development of mining and hydrocarbon reserves
  • Reduce administrative procedures for investors

Intensively promote and develop the tourism sector

  • Identify tourist sites which are favorable to investments; speed up and facilitate the procedures for the setting up and exploitation of investment projects.

Through diplomacy, develop economic synergies

  • Draw up and spread commercials (films, reports, leaflets, booklets, maps, CD Rom, websites)
  • Carry out advertising campaign in the targeted zones.
  • Set up a task force in relation with EDBM in each ministry