During a roundtable organized for its twenty-fifth anniversary, the Group of Experts and Scientists (GESC) warned of the danger faced by Malagasy lands in view of foreign investors’ appetite for land.
"The reason for this meeting is our observation that Malagasies would eventually end up stateless on their own land, if they continue to sell land deliberately to foreigners. This is reflected in the uncontrolled decline of the state's real estate assets," notes the GESC, according to Madagascar Tribune’s reports.
Experts set China ,where many of those foreign investors are from, as example. In China, the land policy is very nationalist. "In China, foreigners cannot acquire land to invest, especially investments that require large areas. However, they have two options: either the foreign investor takes a minority stake in a state-owned enterprise that operates the land, or acts as a partner. In Madagascar, by focusing on foreign direct investment (FDI), all foreigners are invited to settle in the country, though this process significantly reduces the margin of profit for the state," the think tank laments.
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