Potential Hot Spots: July 26, 2002


International donors are now coughing up cash for Madagascar. The World Bank announced that over the next four years Madagascar will receive a series of loans and grants totaling 2.3 billion dollars. France, the former colonial master (which intrigued in the recent spate of troubles by supporting the defunct Ratsiraka government) will kick in 150 million dollars. The US will donate 100 million dollars. From the US perspective its a statement that peace pays. The Madagascan civil war didnt. According to World Bank figures, the islands GDP has dropped 9.3 percent during the first six months of 2002. (The Ravalomanana-Ratsiraka fracas started in December 2001.) Sure, fear, distrust, and anarchic conditions tend to distract folks work slides. Ratsirakas economic and petrol strangulation strategy, though it failed to defeat Ravalomanana, still had bottom line consequences. While the firefights during the war were few and physical destruction on the island minimal, the Ratsiraka strategy of controlling ports and attempting to isolate pro-Ravalomanana areas with well-placed roadblocks certainly contributed to the economic decline. (Austin Bay)


Article Archive

Potential Hot Spots: Current 2022 2021 2020 2019 2018 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 



Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close