Madagascar - Industrialisation and Financial Sector Support Project (PAISF)

The Industrialization and Financial Sector Support Project (PAISF) is based on a long-term approach aimed at transforming Madagascar's industrial sector and positioning it as the main driver of growth and creation of decent jobs for the most vulnerable population, particularly women and young graduates. The PAISF is complementary with the Bank's other projects in the country. In particular, the PAISF is a continuation of the of the Investment Promotion Support Project (PAPI) and will carry out priority activities that could not be implemented under the latter. It is an institutional support operation to help build a robust industrial sector that can create decent jobs, especially for the most marginalized groups of the population, namely women and young people, as well as address the country's vulnerability by strengthening its resilience. The PAISF has two (2) operational components, namely: (i) development of industrialization; and (ii) development of an enabling financial sector for industrialization. The third component relates to project management. The project total cost is estimated at UA 12.08 million.