ANTANANARIVO, Madagascar — Madagascar has upgraded its economic growth forecast for 2026 to 6%, significantly above the 4.8% target initially included in the country’s finance law.

The upward revision reflects stronger momentum in several parts of the economy, particularly private investment, services and extractive industries.

Services, including trade, telecommunications and financial activities, are expected to remain important contributors to economic expansion, while investment in extractive projects is attracting additional international interest.

The higher growth forecast could strengthen investor confidence as Madagascar seeks to expand private-sector activity and create new sources of employment.

The government is also looking to increase investment in infrastructure and other productive sectors, areas considered important for sustaining economic growth.

Recent discussions with international partners have focused on mobilising private capital for infrastructure, energy, water and other strategic sectors, highlighting the government's broader investment strategy.

For businesses, the stronger forecast could create opportunities across construction, services, telecommunications, energy and natural resources.

However, maintaining the projected 6% growth rate will depend on continued investment, infrastructure improvements and stable economic conditions.

The revised outlook gives Madagascar an opportunity to position itself as a more attractive destination for investors while strengthening domestic business activity.

The next stage will be turning the improved economic outlook into concrete investment, jobs and broader private-sector growth.