Despite Madagascar’s significant natural wealth, it is one of the poorest countries in Sub-Saharan Africa and one of only seven countries with lower real per capita income today than in 1960. This evaluation seeks to assess the extent to which the Bank Group’s engagement in Madagascar was relevant to the country’s development needs, evolved appropriately to changing circumstances and experience gained, and contributed to addressing Madagascar’s main development challenges. The evaluation distills lessons from Bank Group experience to inform future engagement in Madagascar.
The evaluation drills down on two themes of particular relevance to Madagascar’s development: weak governance and limited development in rural areas. The two themes represent major binding constraints on Madagascar’s development and are similar to those identified in the Bank Group’s 2015 Systematic Country Diagnostic.