| Project Detail |
Project Summary
Approval Date 05 Dec 2022
Planned Completion Date 30 Jun 2026
Last Disbursement Planned Date 30 Jun 2026
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Commitment U.A 10,000,000
Status Approved
Project General Description
This additional financing for the ADRiFi Programme in Madagascar is an emergency Bank support to the Government of Madagascar following the tropical storms and cyclones that harshly hit the country during the first quarter of 2022, and caused damage in almost all sectors (housing, education, health, infrastructure (administrative, road, railway, irrigation, energy) etc.). The additional financing will consolidate the achievements of the first phase of the ADRiFi Programme in Madagascar and safeguard the Banks investments in areas affected by tropical storms and cyclones. The Bank’s financial support to post-cyclone recovery will be provided through additional financing of UA 10 million for the ADRiFi Programme in Madagascar for the second phase of the programme from December 2023 to March 2026. The funding will be a hybrid loan and grant from Pillar 1 of the Transition Support Facility (TSF). The TSF loan will be invested in three (3) core components: (i) Development of climate risk management solutions; (ii) Rehabilitation and post-disaster reconstruction activities; and (iii) Programme management, coordination, and implementation of the Gender Action Plan. The TSF grant will be invested in two (2) components: (iv) Support for access to risk transfer mechanisms; and (v) Emergency activities and post-cyclone recovery.
Project Objectives
The main objective of this programme is to build resilience and response to climate shocks by improving disaster risk management and climate change adaptation in Madagascar. The development objective is based on two pillars: (i) building the financial resilience of the Government of Madagascar to climatic hazards through the adoption of risk transfer mechanisms capable of mobilising financial resources for rapid assistance to vulnerable populations in the event of a disaster; and (ii) strengthening the food security and social resilience of vulnerable populations impacted by climatic hazards in the South and South-East.
Beneficiaries
In general, the additional financing will cover the project areas of the ADRIFI Programme in the South, namely Anosy, Androy and Atsimo Andrefana regions, as well as areas heavily impacted by cyclones in the East, such as Analanjirofo and Atsinanana, and in the Great South-East, such as Vatovavy, Fitovinany and Atsimo Atsinanana. The total number of direct beneficiaries of the proposed activities is estimated at 360,000, comprising 180,000 men, 180,000 women, 2,000 elderly people and 23,000 young people. About 730,000 people could also benefit indirectly from the project through the insurance coverage. In addition, the Government of Madagascar will benefit from support in paying its insurance premium, while Government departments and agencies involved in disaster risk management will benefit from capacity building in climate data collection and analysis. |
