Madagascar Agribusiness Project (IFC-604447)

Countries
  • Madagascar
Geographic location where the impacts of the investment may be experienced.
Specific Location
Anosy, Androy, Atsimo Andrefana, and Ihorombe
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 26, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Madagascar
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 27, 2021

Disclosed by Bank May 7, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the Project will work with government and the private sector to support a pilot of the new Madagascar Livestock Identification and Traceability System (LITS) and provide technical assistance, legal advisory and capacity support for the regulations and directives needed to improve overall sector regulation and coordination. The adoption of LITS is one of the main conditions imposed by the GoM to lift the export ban.

Working closely with the Government of Madagascar, private sector stakeholders and the WB CASEF Project, the Project will implement the following interrelated activities in support of the livestock identification and traceability system (LITS) pilot to be carried out in four regions of Southern Madagascar namely; Anosy, Androy, Atsimo Andrefana, and Ihorombe. They have been grouped into the following two components:

Component 1: Improve the Regulatory and Traceability Framework governing the livestock sector: this is public sector facing work to improve capacities and systems and to support improvement in the law, regulations and procedures.

Component 2: Strengthen private sector participation in the formal livestock sector: support private sector to improve feedback loops, stakeholder engagement, awareness and compliance with the new systems being designed, and to enhance buy-in and participation which is critical if the reformed measures are to take effect, and have impact.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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*Contact information not provided at the time of disclosure*

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org 

How it works

How it works