Madagascar Textiles and Apparel Sector Project (IFC-605741)

Countries
  • Madagascar
Geographic location where the impacts of the investment may be experienced.
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
Approved
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
Sep 29, 2025
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
Ministry of Industrialization and Private Sector Promotion (MIDSP)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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.
Project Cost (USD)
$ 885.00 million
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 Oct 8, 2026

Disclosed by Bank Mar 10, 2026

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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 aims to support the Ministry of Industrialization and Private Sector Promotion (MIDSP) in implementing a strategic vision for Madagascar’s T&A sector, with a focus on strengthening the enabling environment for investment and diversifying export markets. The project comprises two key areas:

1: Regulatory and Institutional Strengthening
The project will assist in the design, formalization, and operationalization of the Textile Committee as the central coordination platform for public and private stakeholders. The Committee will oversee the development and implementation of a strategic sector roadmap in alignment with the National Industrial Strategy (PACTE). In addition, the project will help review and propose amendments to laws and regulations governing investment and the operations of textile firms in Madagascar. The project will undertake a comparative benchmarking study, facilitate inclusive stakeholder consultations, and build the capacity of public officials and Committee members to design, implement and monitor reforms.

2: Investment and Export Promotion
Subject to progress in policy and regulatory reforms, the project will support the design and implementation of targeted export promotion and investment generation strategies for the T&A sector. This will include identifying and engaging potential buyers; building and managing a pipeline of prospective investors; conducting targeted outreach missions; and strengthening facilitation and aftercare services to encourage reinvestment and operational expansion. The project will also develop promotional materials to showcase sector opportunities, regulatory requirements, and market intelligence to investors and trading partners.

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 available at time of disclosure. 

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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