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Madagascar Tribune
Saturday, February 5, 2011
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Thursday, February 3, 2011
The cabinet held this Wednesday, February 2, 2011 at State Palace Ambohitsorohitra adopted the bill authorizing ratification of a loan agreement, the first agreement loan made by the High Authority of the transition. In fact, there is an agreement already concluded January 22, 2009, under Marc Ravalomanana. An agreement between the Republic of Madagascar and the African Development Fund on the financing of additional project to restore the perimeter of the lower Mangoky.
Presenting greeting at the State House of Iavoloha, Friday, January 14, the president of the HAT, Rajoelina had said that in two years, his regime has never made a loan. But today, he agreed in a cabinet, the adoption of a bill authorizing the ratification of a loan agreement. This is an amount of 15 million units of account. "This additional funding will enable to increase by 60 000 tons of rice production in the lower Mangoky with an extension of about 15 000 ha of rice fields. 15 000 ha of which 5,000 will be allocated to culture in-house "said the statement from the presidency of the HAT. Thus, the transition regime seems to have passed this bill to boost rice production to fight against the rising price of this commodity.
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