RicherFin · Sovereign Projects

Integrated Agricultural and Agro-Industrial Growth Pole Programme in Southern Madagascar — Phase 1 (PICAS-1) — Madagascar

Madagascar · Androy and Anosy regions · Agriculture and agro-industry

Overview

The Integrated Agricultural and Agro-Industrial Growth Pole Programme in Southern Madagascar — Phase 1 (PICAS-1) is a public-investment operation designed to improve food and nutrition security and strengthen the resilience of people in southern Madagascar. It operates primarily in Androy and Anosy, which face recurrent drought, limited water control, isolated production areas and weak agricultural storage and processing capacity.

Phase I includes irrigation and water-management infrastructure, rural roads, socioeconomic facilities, restoration of degraded land and development of resilient agricultural value chains. It is also intended to support employment and entrepreneurship, particularly for young people and women.

The project is under implementation. Works contracts continued to be awarded in 2026, including rehabilitation of the Edazo and Ambinagny Ivahona irrigated schemes, with contractual commencement on 12 May 2026. The African Development Bank published a new implementation progress report in June 2026.

Key project information

Official name
Integrated Agricultural and Agro-Industrial Growth Pole Programme in Southern Madagascar — Phase 1 (PICAS-1)
Status
Ongoing
Current phase
Implementation
Country
Madagascar
Location
Androy and Anosy regions
Sector
Agriculture and agro-industry
Sub-sectors
Irrigation, rural infrastructure, agricultural value chains and climate resilience
Project structure
Sovereign public investment
AfDB project ID
P-MG-A00-007
RicherFin project ID
033df302-cb98-4ce1-b989-9a4025fe6571
Estimated total cost
UA 14.17 million · approximately MGA 77.91 billion at appraisal · also reported as approximately US$19.11 million
Approved ADF financing
UA 12.53 million · UA 5.72 million loan and UA 6.81 million grant
Approval date
26 May 2022
Financing agreements signed
08 Jun 2022
Currently recorded completion
31 Dec 2026

Financing

PICAS-1 is financed as a sovereign public-investment operation. At appraisal, total cost was estimated at UA 14.17 million, comprising UA 8.48 million in foreign exchange and UA 5.69 million in local currency.

Approved African Development Fund financing totals UA 12.53 million, split between a UA 5.72 million ADF loan and a UA 6.81 million ADF grant. At signing, the Bank valued its contribution at approximately US$16.9 million, or 89% of the then-stated US$19.11 million total project cost.

Total project cost
UA 14.17 million
ADF financing
UA 12.53 million
ADF loan
UA 5.72 million
ADF grant
UA 6.81 million
Bank / ADF share announced at signing
89%