Madagascar's growth objectives are achievable

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In alignment with the second Sustainable Development Goal, the Malagasy President has announced Madagascar’s ambition to modernise its agriculture.

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The Green Climate Fund was established as a mechanism to assist emerging countries in adopting adaptation and mitigation practices to counter climate change.  The Fund will support projects, programmes, policies and other activities in emerging countries, using thematic funding windows.  Madagascar forms part of the group of countries affected by the effects of climate change, and the Malagasy president, Hery Rajaonarimampianina, has said that Madagascar hopes for a fair allocation of the fund and for technology transfers, to compensate for the island’s loss of competitiveness. 

 

There is increasing recognition that technology development and transfer will play a major role in global and national strategies to combat climate change. The effective and timely development and transfer of technologies from developed countries to emerging countries is therefore essential for pursuing sustainable development goals and objectives.

 

Madagascar’s National Development Plan is aligned with the Sustainable Development Goals (SDGs), in terms of focusing on social protection, health through universal health coverage and the reinforcement of vaccination programmes, and education through the recruitment of tens of thousands of primary school teachers.  The President appealed to the international community to support policies in favour of the youth, girls and women as the pivot points of the public policies put in place by the Malagasy Republic. 

 

In alignment with the second Sustainable Development Goal, the Malagasy President has announced Madagascar’s ambition to modernise its agriculture, with a view to increasing productivity and developing organic farming, so that the island ensures food self-sufficiency.

 

The above objectives show that Madagascar has embraced the spirit of the SDGs.  However, the President’s ambitious objectives will require a huge injection of funds.  Where will these come from?

 

One way in which Madagascar could accomplish its ambitious objectives is to acknowledge that attaining the SDGs requires creative methods for identifying new funding sources.  The new development agenda is a clarion call for a departure from “business as usual” with intensified effort and cooperation on all fronts, including finance, technology and capacity development.

 

A partnership with global  Innovative Financing for Development (IFD) specialist LSL World Initiative (LSL) could assist the Malagasy Republic to lessen the dependence on Official Development Aid and to focus instead on domestic resources and on IFD—now an integral part of the strategies recommended by the United Nations (UN), the International Monetary Fund and the World Bank— to bridge the estimated shortfall of USD 2.5 trillion in the context of the achievement of the SDGs.  LSL and its technological partners could assist Madagascar to determine new sources of revenue and to manage, leverage and protect these revenues. 

 

Founded by Laurent Lamothe, former Prime Minister of Haiti, LSL assists governments to set up and operate national strategic development initiatives tailored to the local context and in line with national development priorities.  These initiatives operate with revenues generated from a comprehensive suite of micro-levies or micro-contributions in key globalised sectors. There are a whole range of untapped, potential revenue-creating opportunities that could be explored.

 

Revenues from IFD mechanisms could be ploughed into dedicated funds linked to Madagascar’s national priorities.  

 

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In alignment with the second Sustainable Development Goal, the Malagasy President has announced Madagascar’s ambition to modernise its agriculture.

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The Green Climate Fund was established as a mechanism to assist emerging countries in adopting adaptation and mitigation practices to counter climate change.  The Fund will support projects, programmes, policies and other activities in emerging countries, using thematic funding windows.  Madagascar forms part of the group of countries affected by the effects of climate change, and the Malagasy president, Hery Rajaonarimampianina, has said that Madagascar hopes for a fair allocation of the fund and for technology transfers, to compensate for the island’s loss of competitiveness. 

 

There is increasing recognition that technology development and transfer will play a major role in global and national strategies to combat climate change. The effective and timely development and transfer of technologies from developed countries to emerging countries is therefore essential for pursuing sustainable development goals and objectives.

 

Madagascar’s National Development Plan is aligned with the Sustainable Development Goals (SDGs), in terms of focusing on social protection, health through universal health coverage and the reinforcement of vaccination programmes, and education through the recruitment of tens of thousands of primary school teachers.  The President appealed to the international community to support policies in favour of the youth, girls and women as the pivot points of the public policies put in place by the Malagasy Republic. 

 

In alignment with the second Sustainable Development Goal, the Malagasy President has announced Madagascar’s ambition to modernise its agriculture, with a view to increasing productivity and developing organic farming, so that the island ensures food self-sufficiency.

 

The above objectives show that Madagascar has embraced the spirit of the SDGs.  However, the President’s ambitious objectives will require a huge injection of funds.  Where will these come from?

 

One way in which Madagascar could accomplish its ambitious objectives is to acknowledge that attaining the SDGs requires creative methods for identifying new funding sources.  The new development agenda is a clarion call for a departure from “business as usual” with intensified effort and cooperation on all fronts, including finance, technology and capacity development.

 

A partnership with global  Innovative Financing for Development (IFD) specialist LSL World Initiative (LSL) could assist the Malagasy Republic to lessen the dependence on Official Development Aid and to focus instead on domestic resources and on IFD—now an integral part of the strategies recommended by the United Nations (UN), the International Monetary Fund and the World Bank— to bridge the estimated shortfall of USD 2.5 trillion in the context of the achievement of the SDGs.  LSL and its technological partners could assist Madagascar to determine new sources of revenue and to manage, leverage and protect these revenues. 

 

Founded by Laurent Lamothe, former Prime Minister of Haiti, LSL assists governments to set up and operate national strategic development initiatives tailored to the local context and in line with national development priorities.  These initiatives operate with revenues generated from a comprehensive suite of micro-levies or micro-contributions in key globalised sectors. There are a whole range of untapped, potential revenue-creating opportunities that could be explored.

 

Revenues from IFD mechanisms could be ploughed into dedicated funds linked to Madagascar’s national priorities.  

 

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The Green Climate Fund was established as a mechanism to assist emerging countries in adopting adaptation and mitigation practices to counter climate change.  The Fund will support projects, programmes, policies and other activities in emerging countries, using thematic funding windows.  Madagascar forms part of the group of countries affected by the effects of climate change, and the Malagasy president, Hery Rajaonarimampianina, has said that Madagascar hopes for a fair allocation of the fund and for technology transfers, to compensate for the island’s loss of competitiveness. 

 

There is increasing recognition that technology development and transfer will play a major role in global and national strategies to combat climate change. The effective and timely development and transfer of technologies from developed countries to emerging countries is therefore essential for pursuing sustainable development goals and objectives.

 

Madagascar’s National Development Plan is aligned with the Sustainable Development Goals (SDGs), in terms of focusing on social protection, health through universal health coverage and the reinforcement of vaccination programmes, and education through the recruitment of tens of thousands of primary school teachers.  The President appealed to the international community to support policies in favour of the youth, girls and women as the pivot points of the public policies put in place by the Malagasy Republic. 

 

In alignment with the second Sustainable Development Goal, the Malagasy President has announced Madagascar’s ambition to modernise its agriculture, with a view to increasing productivity and developing organic farming, so that the island ensures food self-sufficiency.

 

The above objectives show that Madagascar has embraced the spirit of the SDGs.  However, the President’s ambitious objectives will require a huge injection of funds.  Where will these come from?

 

One way in which Madagascar could accomplish its ambitious objectives is to acknowledge that attaining the SDGs requires creative methods for identifying new funding sources.  The new development agenda is a clarion call for a departure from “business as usual” with intensified effort and cooperation on all fronts, including finance, technology and capacity development.

 

A partnership with global  Innovative Financing for Development (IFD) specialist LSL World Initiative (LSL) could assist the Malagasy Republic to lessen the dependence on Official Development Aid and to focus instead on domestic resources and on IFD—now an integral part of the strategies recommended by the United Nations (UN), the International Monetary Fund and the World Bank— to bridge the estimated shortfall of USD 2.5 trillion in the context of the achievement of the SDGs.  LSL and its technological partners could assist Madagascar to determine new sources of revenue and to manage, leverage and protect these revenues. 

 

Founded by Laurent Lamothe, former Prime Minister of Haiti, LSL assists governments to set up and operate national strategic development initiatives tailored to the local context and in line with national development priorities.  These initiatives operate with revenues generated from a comprehensive suite of micro-levies or micro-contributions in key globalised sectors. There are a whole range of untapped, potential revenue-creating opportunities that could be explored.

 

Revenues from IFD mechanisms could be ploughed into dedicated funds linked to Madagascar’s national priorities.  

 

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