At the invitation of President Marc Ravalomanana, in August 2004, the Initiative for Policy Dialogue (IPD) helped the the Government of Madagascar to analyze alternative policy solutions for the depreciation of Malagasy Franc and ensuing currency crisis, the reform of the banking sector, as well as the challenges of rural development. During this visit, the IPD team met with the country's top leadership as well as representatives from the Central Bank, local private sector, academics, and media to discuss economic policy options for Madagascar's development challenges.

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