Parallel management, private expenses, aborted projects: In Madagascar, a report points out the excesses of the fallen regime
A new report from Madagascar’s Court of Auditors highlights significant financial mismanagement and irregularities during the regime of former President Andry Rajoelina.
On March 19, 2026, Madagascar's Court of Auditors released the findings of a series of audits conducted since November 2025 across various ministries and public organizations. These audits, initiated at the request of the transitional president following the fall of Andry Rajoelina on October 14, 2025, reveal extensive financial irregularities and parallel financial management that occurred from 2020 to 2025. The audits revealed that financial oversight was severely lacking during Rajoelina's presidency, compromising the integrity of government finances.
One striking discovery from the report includes the existence of a secret account registered under the Ministry of Economy and Finance, which was partly utilized by the presidency. This clandestine account, which eluded parliamentary scrutiny and was not included in any budgetary laws, suggests not only a lack of transparency but also possible corruption at high levels of government. The findings indicate systemic failures in the management of public funds, contributing to a climate of mistrust in the administration of the previous regime.
The implications of this report are significant as they underscore the urgent need for comprehensive financial reforms in Madagascar's political landscape. With the transitional government eager to address the failings of Rajoelina's administration, the findings may lead to accountability actions against former officials and could pave the way for improved oversight mechanisms in public finance management. These revelations are also vital for restoring faith among citizens, who have long been subjected to mismanagement and corruption, and highlight the essential steps needed to prevent such occurrences in the future.