Foreign Direct Investment (FDI) in Land in developing countries

29Table 3: Country profile MadagascarOverall domestic background: Economy, Agriculture, Food security, Poverty and Environment(1) Economic situationGDP per capita, 2008, US$ (a) 457Official Development aid (ODA), 2007, US$ million (b) 892ODA in agriculture, forestry and fishery (b)Commitments 2007, US$ millionDisbursements 2007, US$ millionShare of population below poverty line (2 US$ per day, average 2000-2006) (c) 89.6%(2) Relevance of agricultureShare of in GDP (2007) (d) 26%Share of agriculture employment (e) 80% (2007)(3) Food securityGlobal Hunger Index (GHI), 2008 (f) 28.8GHI-Ranking (out of 88 countries), 2008 (f) 76Share of undernourished population (f) 37%Food aid, 2008, ‘000 t, cereals in grain equivalent (g) 29.6As country in crisis according to FAO (2009) (h)NoValue of food import minus export, 2006, US$ million (i) -92(4) Environment/ BiodiversityProtected area, % of total area 2003 (k) 3,1%Forestry area, % of total area 2005 (l) 22,1%Deforestation rate (annual change in forest covered area, within 2000-05) (i) -0,3%Fire cultivationNo dataOverall investment climate(1) Climate for FDI (m)Ease of doing business (rank of 181 countries) 144Protecting investors (rank of 181 countries) 53Enforcing contracts (rank of 181 countries) 153(2) Corruption (n)CPI ranking (rank of 181 countries), 2008 (2007) 85 (94)(3) Share of FDI in agriculture in % of all FDI average (o)US State Department Climate Statements 2009 (o)No dataWorld Investment Report 2009 2005 – 2007 (p) 2% Average 2005-2007Legal Frame(1) Multi- and bilateral frame (q)WTO rules applicable?yesBITs in force with major FDI in land investor countries5 of all investors included(2) Domestic frame (q)Major legal basis684LAW N° 2007-036 dated 14thJanuary 2008 relating to investmentlaw in Madagascar