Madagascar - Additional Financing For The African Disaster Risk Financing Programme (ADRIFI)

This additional financing for the ADRiFi Programme in Madagascar is an emergency Bank support to the Government of Madagascar following the tropical storms and cyclones that harshly hit the country during the first quarter of 2022, and caused damage in almost all sectors (housing, education, health, infrastructure (administrative, road, railway, irrigation, energy) etc.). The additional financing will consolidate the achievements of the first phase of the ADRiFi Programme in Madagascar and safeguard the Bank's investments in areas affected by tropical storms and cyclones. The Bank’s financial support to post-cyclone recovery will be provided through additional financing of UA 10 million for the ADRiFi Programme in Madagascar for the second phase of the programme from December 2023 to March 2026. The funding will be a hybrid loan and grant from Pillar 1 of the Transition Support Facility (TSF). The TSF loan will be invested in three (3) core components: (i) Development of climate risk management solutions; (ii) Rehabilitation and post-disaster reconstruction activities; and (iii) Programme management, coordination, and implementation of the Gender Action Plan. The TSF grant will be invested in two (2) components: (iv) Support for access to risk transfer mechanisms; and (v) Emergency activities and post-cyclone recovery. This project primely contributes towards climate adaptation result. As such 100% of the total approval is attributed as climate finance, out of which 100% is adaptation finance.