MG-Reengagement DPO

closed

Closed

This program document proposes a reengagement development policy operation for the Republic of Madagascar for the amount of SDR 30.5 million (US$ 45 million equivalent). It is a stand-alone, single tranche operation to accompany the government’s efforts to solidify the country’s return to constitutional order. It is the first operation for Madagascar presented to the Board of Executive Directors after O.P. 7.30 became inapplicable earlier this year. Madagascar is emerging from a five-year political crisis that started in March 2009 with an unconstitutional regime change. Following the Roadmap agreed by national parties under the international mediation led by Southern African Development Community (SADC) and the African Union, presidential and parliamentary elections took place in December 2013 and were deemed credible. President Hery Rajaonarimampianina took office on January 25, 2014 and after building an alliance of parliamentarians, appointed Dr. Roger Kolo as Prime Minister on April 11, 2014. A government of 31 ministers and State secretaries was named a week later. As part of this program, the proposed operation aims to help solidify the return to constitutionality by supporting improvements in public sector efficiency and transparency budget towards social spending. The policy reforms supported by the proposed operation are first steps towards achieving the above aim, and the risk that they may not be followed through exists. On the other hand, the Bank can strengthen the momentum for the reforms and improve the chances of their success. Not accompanying the reformers at an early stage carries a risk of possibly depriving the new government to continue deepening the reforms upon which it has embarked.

FY17 - Industry, Trade and Services,FY17 - Public Administration,FY17 - Social Protection

World Bank Group

Project

Power Generation (CCGT), Oil and Gas, Residential, Government, Commercial