Indian Ocean Times - only positive news on indian ocean

Madagascar: 598 million euro of financial envelope allocated in the wake of the 11th European Development Fund

The European Union (EU) is expected to raise in the Island for the period 2014-2020 about 598 million euro as part of the deployment of the 11th European Development Fund (EDF).
These significant sums will be paid in three identified areas of intervention: governance, infrastructure and sustainable development in Madagascar.
About 97 million euro are already provided in support of finance of the Malagasy government. "The release of the remaining funds depends on the implementation of the projects," says on his side the Minister of Finance and Budget, François Marie Mauritius Gervais Rakotoarimanana.


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