Source: newsmada.com, April 2025

Madagascar is one of the countries most exposed to the effects of climate change, which are considerably reducing its GDP at an annual rate of 4% to 5%, according to the Minister for the Environment and Sustainable Development (Medd), Max Fontaine Andonirina, on the sidelines of the workshop to draw up Madagascar’s first green budget. To remedy this situation, a specific nomenclature for climate-related expenditure has been drawn up by a joint team from the Ministry of the Economy and Finance (Mef) and the Ministry of the Environment and Sustainable Development (Medd). This was done with the support of the IMF’s
Public Finance Department, experts from the United Nations Office for Disaster Risk Reduction (UNDRR) and the Government of Japan. According to the Medd, this is the first step towards drawing up Madagascar’s first green budget.
The budget document will be validated at a national workshop held yesterday and today at the Hôtel Colbert Antaninarenina. The objectives are to validate the methodology for classifying climate change-related expenditure, through the marking carried out on the LFI, to examine and validate the structure of the “green budget” document to be appended to the Draft LFI 2026, and to draw up an action plan to deepen and perpetuate the work, particularly on revenues and multi-sector integration. “This is a strategic lever for accelerating public action in the face of climate change, strengthening the resilience of territories and setting the country on a more sustainable, equitable and inclusive development trajectory,” Medd concluded.

Fighting climate change: Madagascar draws up its green budget – Newsmada