Madagascar - Investment Promotion Support Project


Project Summary

Approval Date 09 Jul 2015
Signature Date 28 Sep 2015
Planned Completion Date 31 Dec 2020
Last Disbursement Planned Date 31 Dec 2020
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 7,000,000
Status Implementation

Project General Description

The Investment Promotion Support Project (PAPI) is part of the Bank's actions to support the new Malagasy authorities to face the important challenges resulting from the serious political crisis, particularly with regard to the deficit in infrastructure. It is an institutional support to help create the conditions for sustainable and inclusive growth by boosting private investment in priority sectors and setting up a public-private partnership framework to mobilize the resources needed for infrastructure development and modernization. To stimulate private investment, economic growth and improve people's livelihoods, PAPI will directly support the textile sector because of its high potential for foreign investment, exports and jobs. PAPI is organized around two operational components, namely: (i) support for investment promotion; (ii) support to the public-private partnership framework.

Project Objectives

The project aims to contribute to and stimulate strong, inclusive and sustainable economic growth and job creation through the establishment of conditions to increase private investment in infrastructure and priority sectors. The specific operational objectives of the project relate to (i) institutional capacity building for investment promotion; (ii) improved business intelligence for investment promotion; (iii) the operationalization of a central Public-Private Partnership (PPP) unit; and (iv) support for the implementation of PPPs.

Beneficiaries

The beneficiaries of PAPI are: (i) the Malagasy State as a whole, by strengthening the institutional capacities of the structures in charge of the promotion of private investments and the public-private partnership framework; (ii) firms (small and medium) in the textile sector that will benefit from a more investment-friendly institutional framework; (iii) enterprises in priority sectors (agribusiness, mining, new information and communication technologies) through better access to production infrastructure; (iv) women and young entrepreneurs to be supported by the Textile Promotion Fund; (v) all the Malagasy populations who will be the indirect final beneficiaries of the positive effects of increasing the level of private investment in terms of job creation and improvement of living conditions; (vi) government ministries and agencies, non-state actors, civil society and the private sector will also be indirect beneficiaries of PAPI.

Participating Organization

Funding
African Development Fund
Funding
Fragile States Facility
Implementing
GOUVERNEMENT DE MADAGASCAR MINISTERE DES FINANCES ET DE ECONOMIE DIR. TRESOR

Information

IATI identifier 46002-P-MG-K00-009
Last Update 31 Oct 2019

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Contact Details

Name SOW Koudeidiatou
Email i.sow@afdb.org

Geographic Location

Country Madagascar
Coordinates Location Name
-20 47 Madagascar