Agence France-PresseOctober 24, 2013 08:06
Madagascar's new president has the mammoth task of fixing the island's moribund economy, shattered after four years of international sanctions and political uncertainty which plunged millions of people in poverty.
The Indian Ocean island votes for a new president Friday, hoping to end a political deadlock that sent growth, employment and foreign aid plummeting.
Nine out of ten people now live under the poverty line of $2 a day, compared to seven out of ten in 2005, according to the World Bank.
The economy has stagnated, and buyers and sellers alike feel the pinch.