Indian Ocean Times - only positive news on indian ocean

Madagascar: World Bank allocates 107 million dollars of credit to the Island




The World Bank has recently granted a financial support of 45 million dollars to the Malagasy authorities for the 2015-2016 exercise.
 
A financial support of 12 million dollars for the social protection as well as an installment of 50 million for the devolvement of the infrastructures of the country has also been decided.
 
The amounts allocated as credit will however be unblocked only after the Malagasy dossier has been approved by the board of directors of the UN institution. The use of funds will be closely monitored and one third from credit will be paid only after a detailed analysis of the results of the various actions deployed in the Island.



.


More from Indian Ocean Times :
< >

Monday, April 11th 2016 - 07:19 A new Prime Minister for Madagascar

Friday, March 4th 2016 - 05:00 The Antananarivo declaration