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Bank global financing in Madagascar by Hôtel★★★ Restaurant gourmand Coco Lodge Majunga.

World Bank : A Fund of 83,15 million USD for the fisheries sector

The World Bank continues to fund projects for the development of sectors key to the economy of Madagascar and the Indian Ocean region.

Banque mondiale financement à Madagascar by Hôtel★★★ Restaurant gourmand Coco Lodge Majunga.

Madagascar and the Indian Ocean Commission have been allocated funding of 83,15 $ million to improve the operation of certain fisheries resources at the regional level, national and community, and to allow categories of fishermen access to alternative means of subsistence. This is a project designed to solve the problems of governance and productivity of the Malagasy fisheries sector.

300.000 jobs

A project that is timely when we know that in Madagascar, sea fishing and aquaculture are an annual production value of 213 $ million, either 7 % national GDP. The sector directly employs 300 000 people, but a population estimated at 500 000 inhabitants in living indirectly or partially. Fishing activities are a significant proportion of the population of the coast, often among the most vulnerable and marginalized communities, who have no land. Number of women working in the sector of small-scale fishing, mainly in fishing on foot, the transformation and commercialization of the products of fishing and aquaculture. The fishing industry also plays a major role for nutritional health and food security of the people of Madagascar.

Shared growth

« The second project on fisheries governance and inclusive growth in the southwest of the Indian ocean (or "SWIOFish2") completes a first still ongoing project in the Comoros, in Mozambique and Tanzania. It is intended to ensure that countries in the South-West of the Indian Ocean, and especially Madagascar, take advantage of the economic benefits, social and environmental that provides a sustainable exploitation of fisheries resources. In order to avoid that this operation continues to adversely affect the services provided by marine ecosystems, It is essential to improve the management of the fishery, to involve local communities and the private sector, and, doing so, to increase economic profits of fisheries resources., explain Xavier Vincent and Benjamin Garnaud, the project at the World Bank. The amount of the project is a credit of the World Bank 65 millions of dollars for Madagascar, funding from the global environment facility (GEF) from 6,42 $ million, a contribution of 2,73 millions of dollars from the Japanese Fund for the development of policies and human resources and a gift of 9 million dollars granted by the Bank to the Commission of the Indian Ocean.

by Hôtel★★★ Restaurant gourmand Coco Lodge Majunga.

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