The Bank will provide a grant of 100 million euros to help the Indian Ocean island purchase vaccines and boost its health system, Economy Minister Richard Randriamandrato told AFP.
Madagascar wants to vaccinate more than half of its adult population by the end of 2022, "a goal that is ambitious but not impossible," the World Bank's local representative, Marie-Chantal Uwanyiligira, said.
Another $40 million, in the form of an emergency grant, will finance sustainable and innovative agriculture, particularly in irrigation.
The Bank has also set aside $150 million to help tourism, agribusiness and the digital economy, which are seen as having promising growth potential, and $200 million to maintain 1,200 kilometres (750 miles) of roads and strengthen their resistance to climate change.
| The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes. |
