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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...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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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

  • Madagascar

  • December 1, 2020

  • (as of board presentation)

    June 18, 2021

  • November 12, 2021

  • US$ 150.00 million

  • PIC National Project Secretariat

  • Eastern and Southern Africa

  • 2021

  • US$ 130.00 million

  • N/A

  • Substantial

  • January 31, 2027

  • No

  • BANK APPROVED

  • January 18, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 130.00

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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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

Footnotes

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

INDICATORBASELINECURRENTTARGET
  • Change in revenue growth of beneficiary firms in target regionsValue0.000.0020.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Change in revenue growth of women-owned/led beneficiary firms in target regionsValue0.000.0020.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • New jobs created by supported firms in target regionsValue0.000.007500.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • New jobs created by supported firms in target regions for womenValue0.000.003000.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Change in the value of exports of selected agricultural produce in target regionsValue0.000.0040.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Individuals trained by public and private training service providers supported by projectValue0.000.002800.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Government and supported institutions strengthenedValue0.0013.0010.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Change in the value of sales from selected agricultural product sales for beneficiary smallholders in target regionsValue0.000.0050.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Females trained by service providers receiving funding/support from projectValue0.000.001500.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Investment Climate reforms supported through training, capacity building, and/or policy reviewValue0.002.006.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Producer households with new commercial relationshipsValue0.000.0010000.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Firms supported on business plan expansionValue0.000.0030.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Formal businesses newly registered in the target regionsValue9692.0018823.0017194.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Hotel rooms available in the target regionsValue8863.0011642.009214.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Women-led or women-owned firms supported on business plan expansionValue0.000.0012.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Women-led or women-owned formal businesses created in the target regions (Gender)Value40.5043.8650.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Tourism sites supported by the project in the target regionsValue0.002.007.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Amount of private sector investment leveraged through co-investment from SMEs supported by the projectValue0.001542648.1421000000.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Firms benefiting from acceleration programValue0.000.00150.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Average increase in revenues collected at tourism sites in the target regionsValue0.00173.0020.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Firms benefiting from acceleration program of which are female-led or ownedValue0.000.0040.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Annual municipal revenues collected by targeted municipalities (MGA billion)Value13.485.9718.09
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Beneficiaries satisfied that grant-related activities reflected their needs (Citizen engagement)Value0.000.0075.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Municipal budgets executed for investment by targeted municipalitiesValue5.203.008.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment
  • Productive infrastructure investments supported by the project that apply climate resilience standardsValue0.000.0080.00
    DateDecember 31, 2019October 31, 2023December 31, 2026
    Comment
  • Project related grievances addressed within the required terms (Citizen engagement)Value0.00100.00100.00
    DateDecember 31, 2019March 31, 2022December 31, 2026
    Comment