Madagascar - Investment Promotion Support Project

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.