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Posted by / 19-Aug-2020 01:10

A duty-free trade agreement was cancelled, which hurt Madagascar's manufacturing industries and resulted in mass unemployment.

Humanitarian and social investments in Madagascar have actually increased since 2009, according to a World Bank report published in 2011.

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As a result, found the report, "many households have suffered from significant financial losses and so are less able to finance their education and health expenses; and the public health and education systems are lacking of funding and materials, especially in rural areas."Another Influx But Madagascar has been the site of a different kind of international investment -- one that has brought in thousands of foreign workers.Fishermen because one base of clientele for Madagascar's sex workers; miners became another.The Ambatovy nickel mine, for instance, opened in Toamasina this year.Prostitution is rising to dangerous levels in the African island nation of Madagascar, and this has become one of the most visible signifiers of the country's political and economic breakdown over the last three years.In the port city of Toamasina, the alarming trend is very evident.

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Poverty levels rose from 68.7 percent in 2005 to 76.5 percent in 2010, according to a report from the country's National Institute of Statistics.

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