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240 million USD per year during 3 ans pour Madagascar by Hôtel★★★ Restaurant gourmand Coco Lodge Majunga

The Board of Directors of the World Bank recently decided to allocate in Madagascar a sum of approximately 240 $ million per year for three years. The IDA Turnaround facility is reserved for fragile States.

According to the invitation, the country director and country manager of the World Bank (BM), the Minister of finance and budget, as well as that of the economy and development, presented week last to the press to announce that Madagascar has to benefit from IDA-turnaround facility.
It's a special funding mechanism set up by the World Bank for fragile States. With this program, the big island can expect up to approximately 240 $ million per year, for three years. The WB in Madagascar officials and members of the Government should bring more precision with regard to the exact amount of the sum that will be injected in Madagascar, the target areas and the duration of the funding.

Institution of the World Bank founded in 1960, IDA (International Development Association) "is responsible for helping the poorest countries of the world., by granting them loans zero for the financing of projects and programmes, to stimulate economic growth, to reduce poverty and improve the living conditions of disadvantaged populations., reports an article published on the website of the financial institution, in December.

Recognition
IDA is in various fields. Rural development, the development of the private sector, sustainable environmental practices, education and health, ensure the responsible use of public resources, or, the rehabilitation of the country at the end of civil unrest, of armed conflict or natural disaster, Some examples are.

Some documents consulted indicate that IDA operates on the basis of program term. The 4 last February, the Board of Directors of the World Bank had elected the big island as the beneficiary of the IDA-turnaround facility. Madagascar is part of the first two beneficiary countries.
In a document, as of the year 2013, to explain the IDA17, It is said that he is supporting "fragile and affected countries by conflict. (…) facing political problems, safe and environmental. Constraints that can mitigate the institutions. (…) As a result, these countries are experiencing disruptions in their development, "or even a stagnation or deterioration of its economic and social indicators..

For Madagascar, This programme would be aimed, Thus, strengthen efforts and capitalize on what works in order to avoid that the situation won't deteriorate. Be part of the beneficiaries of IDA therefore indicates that Madagascar, in the eyes of international donors, remains a fragile country. And reference to documents explaining the actions of the International Development Association, the big island is also classified among the States having great difficulties in repaying their loans.

The granting of this aid may mean that the World Bank recognizes the efforts made by the Government of Madagascar to extricate itself from the slump of the aftermath of the crisis, but that support is required so that the efforts produce results. The document concerning the IDA17 notes, However, that "overcome weaknesses due to the conflict is a long term process that requires efforts by determined national leadership..

by Hôtel★★★ Restaurant gourmand Coco Lodge Majunga