MG - Public Finance Sustainability and Investment DPF (WB-P160866)

Countries
  • Madagascar
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 22, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
REPUBLIC OF MADAGASCAR
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 23, 2017

Disclosed by Bank Sep 9, 2016


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Project Description
The development objectives of the Public Finance Sustainability and Investment Development Policy Financing (DPF) Operation Project for Madagascar supports two pillars: (i) strengthening the fiscal framework, and (ii) improving the environment for investment. This program document presents a public finance sustainability and investment DPF for the Republic of Madagascar for the amount of special drawing right (SDR) 46.6 million. Progress towards political stability and poverty reduction requires Madagascar to build momentum in confronting its immense economic and development challenges. Despite the challenges, Madagascar has been building momentum in pursuing a reform agenda for economic recovery. Technical assistance provided by the World Bank and other partners will help strengthen institutional capacity in a post-crisis environment.
Investment Description
  • World Bank (WB)
Contact Information
Contact: Mr. Gervais Rakotoarimanana Title: Minister of Finance Tel: 261 20 22 646 81 Email:rfrancoismm@gmail.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.