Active asset management: feasibility in Malagasy municipalities

Abstract

This paper is about the management of public assets in a developing country: Madagascar. Very little has been published about developing countries' asset management. Current thinking on effective asset management is explained and a case study involving two Malagasy municipalities is described. Although a Western-style model of active asset management focused on income would not be appropriate in these municipalities, the authors conclude that there would be major benefits if the municipalities' asset management departments and leaders could look further into the future.

Keywords:

• Accounting
• asset accounting
• asset management
• public sector real estate
• Madagascar