| Financier | Commitments |
|---|---|
| IDA Credit | 130.00 |
Economic Transformation for Inclusive Growth Project
Abstract*
The development objective of the Economic Transformation for Inclusive Growth Project for Madagascar is to increase the growth of small and medium enterprises in target regions in Madagascar. The project comprises of five components. The first component, attracting and retaining private investment and removing key constraints to support economic recovery from the Corona virus disease 2019 (COVID-19) crisis objective is to support policy, administrative... Show More
Development Objective
The Project Development Objective is to Increase the Growth of Small and Medium Enterprises in Target Regions in Madagascar.
Key Details
Project Details
P174684
Active
Sagita Muco , Fanjaniaina Mamitiana
Ministry of Economy and Finance
December 1, 2020
(as of board presentation)
June 18, 2021
November 12, 2021
US$ 150.00 million
PIC National Project Secretariat
2021
US$ 130.00 million
N/A
Substantial
January 31, 2027
No
BANK APPROVED
January 18, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 130.00 |
| IBRD + IDA Commitment | 130.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 150.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Aug 16, 2023 | IDA-69290 | Int Charges | 75.88 |
| Aug 16, 2023 | IDA-69290 | Int Charges | 75.88 |
| Aug 16, 2023 | IDA-69290 | Int Charges | 25,442.99 |
| Aug 16, 2023 | IDA-69290 | Int Charges | 25,442.99 |
| Oct 25, 2023 | IDA-69290 | Loan Disb | 694,795.25 |
| Jun 18, 2021 | IDA-69290 | Loan Commitment | 150,000,000.00 |
| Jun 28, 2024 | IDA-69290 | Loan Disb | 1,645,658.60 |
| Jun 28, 2024 | IDA-69290 | Loan Disb | 383,112.97 |
| May 22, 2024 | IDA-69290 | Loan Disb | 604,090.20 |
| May 22, 2024 | IDA-69290 | Loan Disb | 1,365,481.80 |
| May 20, 2024 | IDA-69290 | Loan Disb | 96,682.62 |
| Jul 22, 2022 | IDA-69290 | Loan Disb | 5,000,000.00 |
| Jan 17, 2023 | IDA-69290 | Loan Disb | 44,334.76 |
| Feb 21, 2023 | IDA-69290 | Int Charges | 2,429.60 |
| Feb 21, 2023 | IDA-69290 | Int Charges | 2,429.60 |
| Feb 21, 2023 | IDA-69290 | Int Charges | 19,009.57 |
| Feb 21, 2023 | IDA-69290 | Int Charges | 19,009.57 |
| Feb 27, 2023 | IDA-69290 | Loan Disb | 118,694.81 |
| Apr 13, 2023 | IDA-69290 | Loan Disb | 59,812.35 |
| Apr 28, 2023 | IDA-69290 | Loan Disb | 2,319,545.20 |
| Dec 12, 2022 | IDA-69290 | Loan Disb | 34,705.72 |
| Jul 27, 2023 | IDA-69290 | Loan Disb | 333,899.94 |
| Aug 9, 2023 | IDA-69290 | Loan Disb | 750,737.75 |
| Aug 3, 2023 | IDA-69290 | Loan Disb | 645,564.10 |
| Aug 16, 2023 | IDA-69290 | Loan Disb | 223,344.27 |
| Jul 19, 2023 | IDA-69290 | Loan Disb | 963,419.80 |
| Aug 3, 2023 | IDA-69290 | Loan Disb | 588,392.40 |
| Aug 23, 2024 | IDA-69290 | Loan Disb | 672,047.10 |
| Feb 16, 2024 | IDA-69290 | Int Charges | 978.76 |
| Feb 16, 2024 | IDA-69290 | Int Charges | 46,730.92 |
| Feb 16, 2024 | IDA-69290 | Int Charges | 46,730.92 |
| Aug 26, 2024 | IDA-69290 | Loan Disb | 661,682.20 |
| Jul 11, 2024 | IDA-69290 | Loan Disb | 710,404.06 |
| May 16, 2024 | IDA-69290 | Loan Disb | 2,250,475.00 |
| Mar 11, 2024 | IDA-69290 | Loan Disb | 1,500,000.00 |
| Jun 17, 2024 | IDA-69290 | Loan Disb | 1,092,899.10 |
| Jun 28, 2024 | IDA-69290 | Loan Disb | 340,781.78 |
| Jun 28, 2024 | IDA-69290 | Loan Disb | 136,315.94 |
| Jun 17, 2024 | IDA-69290 | Loan Disb | 948,000.00 |
| Jun 20, 2024 | IDA-69290 | Loan Disb | 1,727,937.60 |
| Dec 19, 2023 | IDA-69290 | Loan Disb | 420,938.62 |
| May 24, 2023 | IDA-69290 | Loan Disb | 255,768.20 |
| Apr 4, 2024 | IDA-69290 | Loan Disb | 46,619.49 |
| Apr 19, 2024 | IDA-69290 | Loan Disb | 2,929,819.50 |
| Aug 13, 2024 | IDA-69290 | Loan Disb | 595,005.06 |
| Jun 14, 2024 | IDA-69290 | Loan Disb | 349,370.88 |
| Jun 10, 2024 | IDA-69290 | Loan Disb | 2,988,191.20 |
| Aug 20, 2024 | IDA-69290 | Int Charges | 1,411.55 |
| Aug 20, 2024 | IDA-69290 | Int Charges | 1,411.55 |
| Aug 20, 2024 | IDA-69290 | Int Charges | 106,962.07 |
| Aug 20, 2024 | IDA-69290 | Int Charges | 106,962.07 |
| Oct 3, 2023 | IDA-69290 | Loan Disb | 798,164.60 |
| Jan 17, 2024 | IDA-69290 | Loan Disb | 818,292.00 |
| Feb 23, 2024 | IDA-69290 | Loan Disb | 256,854.95 |
| Jan 25, 2024 | IDA-69290 | Loan Disb | 832,616.70 |
| Feb 2, 2024 | IDA-69290 | Loan Disb | 1,933,543.50 |
| Feb 16, 2024 | IDA-69290 | Int Charges | 978.76 |
| May 1, 2024 | IDA-69290 | Loan Cancel | 20,122,248.00 |
| Apr 25, 2024 | IDA-69290 | Loan Disb | 589,980.30 |
| Jun 26, 2024 | IDA-69290 | Loan Disb | 892,681.20 |
| Feb 7, 2024 | IDA-69290 | Loan Disb | 812,000.00 |
| Mar 29, 2024 | IDA-69290 | Loan Disb | 2,000,000.00 |
| Apr 25, 2024 | IDA-69290 | Loan Disb | 937,177.44 |
| Mar 29, 2024 | IDA-69290 | Loan Disb | 1,357,703.10 |
| Mar 15, 2024 | IDA-69290 | Loan Disb | 1,078,128.90 |
| Jul 29, 2024 | IDA-69290 | Loan Disb | 1,502,225.40 |
| Jul 19, 2024 | IDA-69290 | Loan Disb | 962,143.70 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2025-04-15 |
| Financial Management | Moderately Satisfactory | 2025-04-15 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2025-04-15 |
| Project Management | Moderately Satisfactory | 2025-04-15 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2025-04-15 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2025-04-15 |
| Procurement | Moderately Satisfactory | 2025-04-15 |
| Monitoring and Evaluation | Moderately Unsatisfactory | 2025-04-15 |
| Financial Management | Moderately Satisfactory | 2025-04-15 |
| Procurement | Moderately Satisfactory | 2025-04-15 |
| Monitoring and Evaluation | Moderately Unsatisfactory | 2025-04-15 |
| Project Management | Moderately Satisfactory | 2025-04-15 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Change in revenue growth of beneficiary firms in target regions Value 0.00 0.00 20.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Change in revenue growth of women-owned/led beneficiary firms in target regions Value 0.00 0.00 20.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment New jobs created by supported firms in target regions Value 0.00 0.00 7500.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment New jobs created by supported firms in target regions for women Value 0.00 0.00 3000.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Change in the value of exports of selected agricultural produce in target regions Value 0.00 0.00 40.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Individuals trained by public and private training service providers supported by project Value 0.00 0.00 2800.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Government and supported institutions strengthened Value 0.00 13.00 10.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Change in the value of sales from selected agricultural product sales for beneficiary smallholders in target regions Value 0.00 0.00 50.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Females trained by service providers receiving funding/support from project Value 0.00 0.00 1500.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Investment Climate reforms supported through training, capacity building, and/or policy review Value 0.00 2.00 6.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Producer households with new commercial relationships Value 0.00 0.00 10000.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Firms supported on business plan expansion Value 0.00 0.00 30.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Formal businesses newly registered in the target regions Value 9692.00 18823.00 17194.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Hotel rooms available in the target regions Value 8863.00 11642.00 9214.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Women-led or women-owned firms supported on business plan expansion Value 0.00 0.00 12.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Women-led or women-owned formal businesses created in the target regions (Gender) Value 40.50 43.86 50.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Tourism sites supported by the project in the target regions Value 0.00 2.00 7.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Amount of private sector investment leveraged through co-investment from SMEs supported by the project Value 0.00 1542648.14 21000000.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Firms benefiting from acceleration program Value 0.00 0.00 150.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Average increase in revenues collected at tourism sites in the target regions Value 0.00 173.00 20.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Firms benefiting from acceleration program of which are female-led or owned Value 0.00 0.00 40.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Annual municipal revenues collected by targeted municipalities (MGA billion) Value 13.48 5.97 18.09 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Beneficiaries satisfied that grant-related activities reflected their needs (Citizen engagement) Value 0.00 0.00 75.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Municipal budgets executed for investment by targeted municipalities Value 5.20 3.00 8.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment Productive infrastructure investments supported by the project that apply climate resilience standards Value 0.00 0.00 80.00 Date December 31, 2019 October 31, 2023 December 31, 2026 Comment Project related grievances addressed within the required terms (Citizen engagement) Value 0.00 100.00 100.00 Date December 31, 2019 March 31, 2022 December 31, 2026 Comment