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Madagascar acquired half a billion dollars from the World Bank

Madagascar acquired half a billion dollars from the World Bank

Madagascar acquired half a billion dollars from the World Bank

A feeling of satisfaction for the Malagasy delegation led by President Andry Rajoelina who is currently visiting Washington. Financing road projects and response to the pandemic, as well as a commitment on the disbursement of a fund for post-hurricane reconstruction were recorded there. Madagascar has acquired financial support of half a billion dollars from the World Bank.

“Connecting Madagascar for Inclusive Growth”

The project "Connecting Madagascar for Inclusive Growth" consists of a credit of 200 million dollars and a donation of 200 million dollars that will help the country improve rural communities' access to social and economic opportunities.

This project will fund rehabilitation and surfacing of a section of 100 km from the RN31 between Mangoaka and Bealalana and from 400 km from the RN10.

It will also support the’maintenance of approximately 500 km of local roads near the RN10 and RN31 to reach adjacent rural communities.

“Pandemic Preparedness and Provision of Basic Health Services”

Then, the second project signed on Monday, in Washington, covered "pandemic preparedness and provision of basic health services ».

Near 135 million dollars will be allocated to its financing. The aim here is to support Madagascar "in its efforts to strengthen its pandemic preparedness in all sectors and improve the delivery of basic health services and the quality of care"..

415 million dollars for post-hurricane reconstruction

Also, the financing of the National Post-Cyclone Recovery Plan has been put on the table for discussion.

Madagascar is vulnerable to climate change. Thus, the need to strengthen its resilience would have been the main argument put forward.

The presidential argument has, Visibly, hit the bull's eye. According to the joint communiqué of the meeting, “The World Bank has announced the deployment of 415 $ million.

The latter is to support Madagascar in the implementation of its post-cyclone recovery strategy..

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