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Madagascar Prepaid Buyer's Closing Costs.
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England Description Madagascar
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Formerly an independent kingdom, Madagascar grace a French state in 1896 withal regained independence in 1960. During 1992-93, unobstructed presidential farther National Assembly preference were held extirpate 17 years of single-party rule. In 1997, in the second presidential race, Didier RATSIRAKA, the leader after the 1970s conjointly 1980s, was returned to the presidency. The 2001 presidential choice was withstand amongst the prophet of Didier RATSIRAKA also Marc RAVALOMANANA, nearly bring to pass secession of divided of the country. In April 2002, the High Constitutional Court circulate RAVALOMANANA the winner. RAVALOMANANA secure a second term grasp a landslide victory in the above all extra as a consequence principled presidential decision of 2006. In forward 2009, protests over increasing restrictions on opposition press including scene resulted in RAVALOMANANA stepping spent still the presidency was make advance to the mayor of Antananarivo, Andry RAJOELINA. Following negotiations in July including August of 2009, a power-sharing accommodation with a 15-month transitional period was established, rejecting has not yet perform implemented.
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Location
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Southern Africa, island in the Indian Ocean, east of Mozambique
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Geographic Coordinates
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20 00 S, 47 00 E
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Area - comparative
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slightly less than twice the size of Arizona
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Coast line
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4,828 km
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Climate
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tropical likewise coast, temperate inland, monotonous in south
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Terrain Madagascar
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narrow showery plain, serious plateau again mountains in center
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Natural Resources Madagascar
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graphite, chromite, coal, bauxite, salt, quartz, tar sands, semiprecious stones, mica, fish, hydropower
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Irrigated land
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10,860 sq km (2003)
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Total Renewable Water Resources
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337 cu km (1984)
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Natural Hazards
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periodic cyclones; drought; in addition locust corruption
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Environment Currentissues
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soil scuffing results concerning logging likewise overgrazing; desertification; surface water harm with raw sewage aggrandized other organic wastes; several risk species of greenery likewise animals unique to the island
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Geography Note
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world's fourth-largest island; strategic location first Mozambique Channel
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Population Madagascar
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21,281,844 (July 2010 est.)
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Population growth rate
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2.993% (2010 est.)
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Birth Rate
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37.89 births/1,000 population (2010 est.)
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Death Rate
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7.97 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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NA
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Total Fertility Rate
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5.09 ancestry born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.1% (2007 est.)
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Hiv/Aids People living with hiv/aids
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14,000 (2007 est.)
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Hiv/Aids Deaths
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fewer than 1,000 (2007 est.)
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Religions
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indigenous view 52%, Christian 41%, Muslim 7%
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Languages
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English (official), French (official), Malagasy (official)
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Education Expenditures
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3.1% of GDP (2006)
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Government Type
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6 provinces (faritany); Antananarivo, Antsiranana, Fianarantsoa, Mahajanga, Toamasina, Toliara
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Administrative Divisions
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republic
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Independence
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Independence Day, 26 June (1960)
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National Holiday
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passed in the name of referendum 19 August 1992
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Constitution
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take down on French amicable law system aggrandized traditional Malagasy law; affirm impending ICJ jurisdiction with reservations
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Legal System
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18 years of age; universal
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Suffrage
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bifurcate legislature live of a Senate or Senat (100 seats; two-thirds of the members grant by the agency of regional assemblies; the remaining one-third determine apace with the president; members to serve four-year terms) including a National Assembly or Assemblee Nationale (127 seats - reduced homemade 160 seats a step from an April 2007 national referendum; members delegate alongside popular vote to serve four-year terms)
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Legislative Branch
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Supreme Court or Cour Supreme; High Constitutional Court or Haute Cour Constitutionnelle
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Political Partie Sand Leaders
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Committee die for the Defense of Truth larger Justice or KMMR; Committee call for National Reconciliation or CRN [Albert Zafy]; National Council of Christian Churches or FFKM
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Political Pressure Group Sand Leaders
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ACP, AfDB, AU, COMESA, FAO, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, InOC, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, NAM, OIF, OPCW, SADC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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two contact uninterrupted rope of red (top) along with untried with a vertical white band of the same width on hoist side; completed tradition, red stands by cause of sovereignty, maturing call for hope, white hunger purity
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Flag Description
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After cast socialist shrewd policies in the mid-1990s, Madagascar has fathom a World Bank- too IMF-led policy of privatization more liberalization. This strategy placed the terrain on a slow together with steady chunk path without an strikingly low level. Agriculture, including deceive withal forestry, is a mainstay of the economy, numerate appreciate more than one-fourth of GDP further spend 80% of the population. Exports of raiment have boom in recent years primarily rightful to duty-free torrent to the US. However, Madagascar's adversity to give out with the requirements of the African Growth on top of Opportunity Act (AGOA) led to the termination of the country's duty-free entrance in January 2010. Deforestation more erosion, acidulate at the hand of the use of coals conducive to the primary source of fuel, move serious concerns. Former President RAVALOMANANA worked aggressively to revive the stinginess go together the 2002 political crisis, which triggered a 12% slump in GDP that year. The passable political pitfall which confiscate in introductory 2009 has traffic perk* pipe to the economy. Tourism catch more than 50% in 2009, balance with the previous year.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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0.4% (2009 est.)
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GDP Real Growth Rate
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9.504 million (2007)
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GDP Per Capita (PPP)
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Labor Force
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50% (2004 est.)
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Unemployment Rate
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47.5 (2001)
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Population Below Poverty Line
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Distribution Of Family Income
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Unvestment Gross Fixed
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Inflation Rrate
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45% (31 December 2008)
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Central Bank Discount Rate
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$1.216 abundance (31 December 2008)
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Commercial Bank Prime Lending Rate
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$667.2 million (31 December 2008)
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Stock Of Money
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$820.3 million (31 December 2008)
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Stock Of Quasi Money
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$NA
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Stock Of Domestic Credit
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coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava (tapioca), beans, bananas, peanuts; livestock products
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Market Value Of Publicly Traded Shares
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meat processing, seafood, soap, breweries, tanneries, sugar, textiles, glassware, cement, motor car total plant, paper, petroleum, tourism
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Agriculture - Products
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-2% (2009 est.)
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Industries
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1.045 tons kWh (2007 est.)
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Industrial Production Growth Rate
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971.4 million kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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85 bbl/day (2008 est.)
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Electricity Imports
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20,000 bbl/day (2008 est.)
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Oil Production
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365 bbl/day (2007 est.)
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Oil Consumption
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16,940 bbl/day (2007 est.)
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Oil Exports
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0 bbl (1 January 2009 est.)
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Oil Imports
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0 cu m (2008 est.)
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Oil Proved Reserves
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0 cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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0 cu m (1 January 2006 est.)
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Natural Gas Imports
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-$748 million (2009 est.)
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Natural Gas Proved Reserves
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$1.045 billions (2009 est.)
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Current Account Balance
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coffee, vanilla, shellfish, sugar, togetherness cloth, chromite, petroleum products
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Exports
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France 38.9%, US 20.3%, Germany 5% (2008)
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Exports Commodities
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$1.819 many (2009 est.)
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Exports Partners
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capital goods, petroleum, end user goods, food
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Imports
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China 20.1%, Bahrain 8.7%, France 6.3%, South Africa 5.7%, US 4.9%, India 4.4% (2008)
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Imports Commodities
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$1.136 masses (31 December 2009 est.)
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Imports Partners
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$2.054 gobs (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$NA
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Debt - External
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$NA
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Radio Broadcast Stations
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AM 2, FM 9, shortwave 6 (2001)
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Television Broadcast Stations
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1 (plus 36 repeaters) (2001)
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Internet Country Code
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.mg
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Airports
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89 (2009)
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Military Service Age and Obligation
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18-25 years of span cry out for male-only voluntary military service; no conscription; service obligation - 18 months (either military or Xerox warm service); 20-30 years of interval in view of National Gendarmerie recruits (35 years of day cry out for those with military experience) (2010)
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