The donor-dependent country has seen its reserves dwindle after key donors branded Andry Rajoelina's March power-grab a coup and froze hundreds of millions of dollars in aid.
Rich pickings
According to a Global Witness report seen by WWF, timber barons have felled 7 000 cubic metres of rosewood a month since Madagascar's political crisis erupted in January.
WWF estimates the wood would sell in Asia at about $5 000 a cubic metre.
WWF said it was pushing for rosewood to be registered as an endangered species according to the Convention on International Trade in Endangered Species (Cites).
Environment protection groups say illegal logging continues in Madagascar's north-east and fear more licences might be granted as the government looks for ways to generate cash.
"Preliminary research shows rosewood is under extreme pressure. If it was registered as endangered then much tighter regulation would be required for both export and import," said Niall O'Connor, head of WWF's Indian Ocean region office based in Madagascar's capital Antananarivo.
Ousted leader Marc Ravalomanana was credited with increasing the number of national parks and protected areas, backed by donors including the World Bank and the United States.
But decades of logging, mining and slash-and-burn farming have destroyed up to 90% of the ecology on the island, home to scores of endangered lemur species.
"It's a tragedy, we just don't know how many species are being impacted," O'Connor said.
myrakcl
November 10, 2009 - 07:19