Integrated Growth Poles and Corridor Project 2

Abstract*

The objective of the Second Integrated Growth Poles and Corridors Program Project for Madagascar is to contribute to increased economic opportunities and access to enabling infrastructure services, as measured by an increase in jobs and formal firms, in targeted regions. The project has three components. (1) Strengthening the enabling environment for entrepreurship and investment component will accelerate the economic recovery process by strengthening... Show More

Development Objective

The Project Development Objective is to contribute to increased economic opportunities and access to enabling infrastructure services, as measured by an increase in jobs and formal firms, in Targeted Regions. The Program objective of the Series of Projects (SOP) is the same as the PDO of this Project.

Key Details

Project Details

Project ID
P113971
Status
Closed
Team Leader
Eneida Fernandes
Borrower 2
Ministry of Finance and Budget (MFB)

Country
Madagascar
Disclosure Date
November 3, 2014
Approval Date
(as of board presentation)
December 18, 2014
Effective Date
March 9, 2015

Total Project Cost 1
US$ 50.00 million
Implementing Agency
National Project Secretariat
Region
Eastern and Southern Africa
Fiscal Year 3
2015

Commitment Amount
US$ 50.00 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
September 30, 2019

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
June 30, 2020

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Infrastructure and Access4%
- FY17 - MSME Finance4%

FY17 - Private Sector Development

FY17 - Business Enabling Environment31%
- FY17 - Investment and Business Climate31%
FY17 - Enterprise Development4%
- FY17 - MSME Development4%
FY17 - Jobs13%
- FY17 - Job Creation13%
FY17 - Public Private Partnerships10%

FY17 - Public Sector Management

FY17 - Public Administration8%
- FY17 - Administrative and Civil Service Reform2%
- FY17 - Municipal Institution Building6%

FY17 - Social Development and Protection

FY17 - Fragility, Conflict and Violence100%

FY17 - Urban and Rural Development

FY17 - Rural Development27%
- FY17 - Rural Infrastructure and service delivery13%
- FY17 - Rural Markets14%
FY17 - Urban Development13%
- FY17 - Urban Infrastructure and Service Delivery13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	50.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	50.00
IBRD + IDA Commitment	50.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	50.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 15, 2021	IDA-55640	Int Charges	214.26
Apr 15, 2021	IDA-55640	Loan Repay	745,463.06
Apr 15, 2021	IDA-55640	Int Charges	6,125.78
Apr 15, 2022	IDA-55640	Loan Repay	707,542.40
Apr 15, 2022	IDA-55640	Int Charges	23,435.18
Apr 15, 2022	IDA-55640	Int Charges	23,435.18
Apr 15, 2022	IDA-55640	Loan Repay	5,463.92
Apr 21, 2022	IDA-55640	Int Charges	142,346.05
Apr 21, 2022	IDA-55640	Int Charges	142,346.05
Oct 15, 2022	IDA-55640	Loan Repay	643,952.94
Oct 15, 2022	IDA-55640	Int Charges	45,044.69
Oct 15, 2022	IDA-55640	Int Charges	45,044.69
Oct 15, 2022	IDA-55640	Int Charges	107,324.61
Oct 15, 2022	IDA-55640	Int Charges	107,324.61
Jul 24, 2019	IDA-55640	Loan Disb	454,077.06
Aug 29, 2019	IDA-55640	Loan Disb	155,080.78
Apr 16, 2019	IDA-55640	Int Charges	2,559.67
Apr 16, 2019	IDA-55640	Int Charges	2,559.67
Apr 16, 2019	IDA-55640	Int Charges	150,937.12
Apr 16, 2019	IDA-55640	Int Charges	150,937.12
Oct 15, 2019	IDA-55640	Int Charges	750.31
Oct 15, 2019	IDA-55640	Int Charges	750.31
Oct 15, 2019	IDA-55640	Int Charges	164,663.48
Oct 15, 2019	IDA-55640	Int Charges	164,663.48
Nov 7, 2019	IDA-55640	Loan Disb	175,047.31
Nov 15, 2019	IDA-55640	Loan Disb	9,717.40
Jan 29, 2020	IDA-55640	Loan Disb	-175,030.72
Jan 29, 2020	IDA-55640	Loan Disb	-359,683.66
Apr 15, 2020	IDA-55640	Int Charges	1,178.99
Apr 15, 2020	IDA-55640	Int Charges	1,178.99
Apr 15, 2020	IDA-55640	Int Charges	172,268.90
Apr 15, 2020	IDA-55640	Int Charges	172,268.90
Oct 15, 2020	IDA-55640	Int Charges	114.23
Apr 25, 2017	IDA-55640	Loan Disb	2,252,941.50
Jun 16, 2017	IDA-55640	Loan Disb	787,270.30
Apr 21, 2017	IDA-55640	Int Charges	54,750.25
Apr 21, 2017	IDA-55640	Int Charges	54,750.25
Oct 19, 2015	IDA-55640	Int Charges	1,869.32
Oct 19, 2015	IDA-55640	Int Charges	1,869.32
Oct 19, 2015	IDA-55640	Int Charges	18,418.70
Oct 19, 2015	IDA-55640	Int Charges	18,418.70
Dec 17, 2015	IDA-55640	Loan Disb	117,415.77
Oct 27, 2015	IDA-55640	Loan Disb	131,995.33
Feb 29, 2016	IDA-55640	Loan Disb	316,802.75
Jan 26, 2016	IDA-55640	Loan Disb	448,548.40
Apr 21, 2016	IDA-55640	Int Charges	224.15
Apr 21, 2016	IDA-55640	Int Charges	224.15
Apr 21, 2016	IDA-55640	Int Charges	21,960.22
Apr 21, 2016	IDA-55640	Int Charges	21,960.22
Mar 31, 2016	IDA-55640	Loan Disb	433,924.12
Jun 21, 2016	IDA-55640	Loan Disb	824,432.75
Mar 30, 2015	IDA-55640	Loan Disb	3,357,819.50
Mar 16, 2015	IDA-55640	Loan Disb	1,281,017.60
Jul 2, 2015	IDA-55640	Loan Disb	260,193.39
Oct 26, 2015	IDA-55640	Loan Disb	151,635.70
Nov 20, 2015	IDA-55640	Loan Disb	133,574.80
Aug 4, 2015	IDA-55640	Loan Disb	114,335.95
Aug 25, 2015	IDA-55640	Loan Disb	97,964.84
Oct 15, 2020	IDA-55640	Int Charges	114.23
Oct 16, 2020	IDA-55640	Int Charges	176,456.03
Oct 16, 2020	IDA-55640	Int Charges	176,456.03
Jul 24, 2020	IDA-55640	Loan Cancel	564,129.30
Jun 13, 2018	IDA-55640	Loan Disb	30,035.60
Jul 11, 2018	IDA-55640	Loan Disb	720,399.00
May 8, 2018	IDA-55640	Loan Disb	121,151.59
Jun 4, 2018	IDA-55640	Loan Disb	1,646,302.40
Nov 19, 2018	IDA-55640	Loan Disb	209,799.81
Sep 4, 2018	IDA-55640	Loan Disb	1,376,643.40
Jul 25, 2018	IDA-55640	Loan Disb	790,707.94
Dec 4, 2018	IDA-55640	Loan Disb	471,754.47
Oct 3, 2018	IDA-55640	Loan Disb	316,549.12
Dec 17, 2018	IDA-55640	Loan Disb	12,809.30
Nov 29, 2018	IDA-55640	Loan Disb	769,209.60
Jan 31, 2019	IDA-55640	Loan Disb	465,845.50
Oct 15, 2018	IDA-55640	Int Charges	125,434.29
Oct 15, 2018	IDA-55640	Int Charges	125,434.29
Nov 20, 2018	IDA-55640	Loan Disb	412,760.97
Nov 6, 2018	IDA-55640	Loan Disb	1,064,260.60
Dec 26, 2018	IDA-55640	Loan Disb	450,829.10
Dec 10, 2018	IDA-55640	Loan Disb	530,130.94
Dec 26, 2018	IDA-55640	Loan Disb	981,141.56
Feb 28, 2019	IDA-55640	Loan Disb	394,886.88
Oct 15, 2018	IDA-55640	Int Charges	427.32
Oct 15, 2018	IDA-55640	Int Charges	427.32
Jun 18, 2019	IDA-55640	Loan Disb	386,043.20
Jun 11, 2019	IDA-55640	Loan Disb	623,174.10
Jun 18, 2019	IDA-55640	Loan Disb	690,839.90
Apr 30, 2019	IDA-55640	Loan Disb	824,944.56
Aug 21, 2019	IDA-55640	Loan Disb	1,311,446.10
Oct 4, 2017	IDA-55640	Loan Disb	911,157.56
Oct 4, 2017	IDA-55640	Loan Disb	671,591.44
Mar 1, 2017	IDA-55640	Loan Disb	1,363,825.90
Nov 20, 2017	IDA-55640	Loan Disb	914,178.40
Oct 19, 2017	IDA-55640	Int Charges	2,144.56
Oct 19, 2017	IDA-55640	Int Charges	2,144.56
Oct 19, 2017	IDA-55640	Int Charges	87,630.53
Oct 19, 2017	IDA-55640	Int Charges	87,630.53
Nov 29, 2017	IDA-55640	Loan Disb	1,156,115.00
Aug 1, 2017	IDA-55640	Loan Disb	608,587.90
Mar 13, 2018	IDA-55640	Loan Disb	906,209.30
Apr 4, 2018	IDA-55640	Loan Disb	38,428.09
Dec 22, 2017	IDA-55640	Loan Disb	813,534.50
Apr 15, 2018	IDA-55640	Int Charges	706.86
Apr 15, 2018	IDA-55640	Int Charges	706.86
Apr 15, 2018	IDA-55640	Int Charges	111,709.87
Apr 15, 2018	IDA-55640	Int Charges	111,709.87
Apr 24, 2018	IDA-55640	Loan Disb	63,855.69
Apr 4, 2018	IDA-55640	Loan Disb	660,052.90
Feb 2, 2018	IDA-55640	Loan Disb	1,519,710.40
May 27, 2016	IDA-55640	Loan Disb	478,335.12
Dec 27, 2016	IDA-55640	Loan Disb	1,167,655.10
Oct 15, 2016	IDA-55640	Int Charges	474.33
Oct 15, 2016	IDA-55640	Int Charges	474.33
Oct 15, 2016	IDA-55640	Int Charges	31,733.78
Oct 15, 2016	IDA-55640	Int Charges	31,733.78
Jan 10, 2017	IDA-55640	Loan Disb	3,217,394.80
Oct 19, 2016	IDA-55640	Loan Disb	1,343,358.20
Nov 3, 2016	IDA-55640	Loan Disb	698,137.06
Nov 3, 2016	IDA-55640	Loan Disb	615,799.30
Jun 14, 2016	IDA-55640	Loan Disb	560,537.80
Jun 17, 2016	IDA-55640	Loan Disb	463,503.47
Dec 19, 2016	IDA-55640	Loan Disb	1,057,722.50
Oct 15, 2022	IDA-55640	Loan Repay	22,142.28
Apr 15, 2023	IDA-55640	Loan Repay	28,141.32
Apr 15, 2023	IDA-55640	Loan Repay	128,877.87
Apr 15, 2023	IDA-55640	Loan Repay	549,824.44
Apr 15, 2023	IDA-55640	Int Charges	148,038.78
Apr 15, 2023	IDA-55640	Int Charges	148,038.78
Oct 18, 2023	IDA-55640	Int Charges	10,648.22
Oct 18, 2023	IDA-55640	Int Charges	10,648.22
Oct 18, 2023	IDA-55640	Loan Repay	153,993.69
Apr 16, 2024	IDA-55640	Int Charges	131,021.38
Apr 16, 2024	IDA-55640	Int Charges	131,021.38
Apr 15, 2024	IDA-55640	Loan Repay	13,708.18
Oct 17, 2023	IDA-55640	Loan Repay	530,162.20
Oct 17, 2023	IDA-55640	Int Charges	151,368.17
Oct 17, 2023	IDA-55640	Int Charges	151,368.17
Apr 16, 2024	IDA-55640	Int Charges	31.79
Apr 16, 2024	IDA-55640	Int Charges	31.79
Apr 16, 2024	IDA-55640	Int Charges	18,136.49
Apr 16, 2024	IDA-55640	Int Charges	18,136.49
Apr 16, 2024	IDA-55640	Loan Repay	672,097.40
Dec 18, 2014	IDA-55640	Loan Commitment	50,000,000.00
Jul 15, 2020	IDA-55640	Loan Disb	-15,021.35
Apr 15, 2021	IDA-55640	Int Charges	6,125.78
Apr 15, 2021	IDA-55640	Int Charges	172,785.38
Apr 15, 2021	IDA-55640	Int Charges	172,785.38
Apr 15, 2021	IDA-55640	Int Charges	214.26
Oct 15, 2021	IDA-55640	Loan Repay	7,863.47
Oct 15, 2021	IDA-55640	Loan Repay	167,235.19
Oct 15, 2021	IDA-55640	Loan Repay	561,639.70
Oct 15, 2021	IDA-55640	Int Charges	174,054.48
Oct 15, 2021	IDA-55640	Int Charges	174,054.48
Aug 3, 2016	IDA-55640	Loan Disb	277,608.30
Mar 23, 2017	IDA-55640	Loan Disb	586,119.56
Apr 15, 2017	IDA-55640	Int Charges	395.53
Apr 15, 2017	IDA-55640	Int Charges	395.53
Jul 6, 2017	IDA-55640	Loan Disb	724,948.44

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2019-06-30
Financial Management	Satisfactory	2019-06-30
Monitoring and Evaluation	Satisfactory	2019-06-30
Project Management	Satisfactory	2019-06-30
Overall Implementation Progress (IP)	Satisfactory	2019-06-30
Procurement	Satisfactory	2019-06-30

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-11-2020
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-15-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of formal jobs created in the targeted poles Value 4346.00 35224.00 39346.00
Date December 31, 2014 December 31, 2019 September 30, 2019
Comment
Of which in tourism Value 690.00 4975.00 4985.00
Date December 31, 2014 December 31, 2019 September 30, 2019
Comment
Of which in agribusiness Value 1089.00 8595.00 6089.00
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment
Number of formal businesses newly registered in the targeted poles Value 3259.00 28584.00 21000.00
Date December 31, 2014 December 31, 2019 September 30, 2019
Comment
Of which in tourism Value 620.00 4335.00 3370.00
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment
of which in agribusiness Value 420.00 2830.00 1180.00
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Roads Rehabilitated Value 0.00 13.45 12.00
Date December 31, 2014 December 31, 2019 September 30, 2019
Comment
Number of people provided with access to solid waste collection: Value 0.00 193.60 150.00
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment
Number of people provided with access to improved water sources Value 0.00 306.40 250.00
Date December 31, 2014 December 31, 2019 December 30, 2018
Comment
Passengers traffic by air per annum Value 1144.00 1576.00 1433.00
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment
Hotel rooms for establishments in the target poles Value 4694.00 5967.00 0.00
Date December 31, 2013 December 31, 2019
Comment
Increase in export value for the selected crops in the targeted poles (In US$ Million) Value 0.00 6.80 0.40
Date December 31, 2013 November 30, 2019 December 31, 2018
Comment

Increase in revenues from target cash crop production for smallholders in the target corridors in the target poles (MGA billion)	Value	0.00	15.17	13.40
	Date	December 31, 2013	December 31, 2019	December 31, 2018
	Comment

Number of recommended reforms or policies adopted Value 0.00 18.00 18.00
Date December 31, 2014 December 31, 2019 September 30, 2019
Comment
Increase in annual municipal revenues collected in the target poles (MGA billion) Value 0.00 7.30 5.87
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment
Of which urban municipalities Value 0.00 4.88 3.97
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment
Of which rural municipalities Value 0.00 2.42 0.97
Date December 31, 2015 December 31, 2019
Comment
Percentage of municipal budgets executed for investment by targeted municipalities Value 0.00 15.00 12.00
Date December 31, 2014 December 31, 2019 December 31, 2018
Comment

Number of formal jobs created in the targeted poles	Value	4346.00	35224.00	39346.00
	Date	December 31, 2014	December 31, 2019	September 30, 2019
	Comment

Of which in tourism	Value	690.00	4975.00	4985.00
	Date	December 31, 2014	December 31, 2019	September 30, 2019
	Comment

Of which in agribusiness	Value	1089.00	8595.00	6089.00
	Date	December 31, 2014	December 31, 2019	December 31, 2018
	Comment

Number of formal businesses newly registered in the targeted poles	Value	3259.00	28584.00	21000.00
	Date	December 31, 2014	December 31, 2019	September 30, 2019
	Comment

Of which in tourism	Value	620.00	4335.00	3370.00
	Date	December 31, 2014	December 31, 2019	December 31, 2018
	Comment

of which in agribusiness	Value	420.00	2830.00	1180.00
	Date	December 31, 2014	December 31, 2019	December 31, 2018
	Comment

Roads Rehabilitated	Value	0.00	13.45	12.00
	Date	December 31, 2014	December 31, 2019	September 30, 2019
	Comment

Passengers traffic by air per annum	Value	1144.00	1576.00	1433.00
	Date	December 31, 2014	December 31, 2019	December 31, 2018
	Comment

Hotel rooms for establishments in the target poles	Value	4694.00	5967.00	0.00
	Date	December 31, 2013	December 31, 2019
	Comment

Of which urban municipalities	Value	0.00	4.88	3.97
	Date	December 31, 2014	December 31, 2019	December 31, 2018
	Comment

Of which rural municipalities	Value	0.00	2.42	0.97
	Date	December 31, 2015	December 31, 2019
	Comment