Madagascar needs reforms to hit 5pc growth: IMF

ANTANANARIVO — Madagascar will not achieve the five percent growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters.The Fund said earlier this week that the economy of the Indian Ocean island showed early signs of recovery. Growth was estimated at three percent in 2014, with the potential to rise to five percent in the current year. — Reuters