Madagascar - Programme de Pôle intégré de croissance agricole et agro-industriel au Sud de Madagascar - Phase 1 (PICAS-1)

This intervention is related to phase 1 of the Integrated Agricultural and Agro-Industrial Growth Cluster Program in South Madagascar (PICAS-1). It's a public investment operation intended to create the conditions for sustaining and building the resilience of the population. In its first phase, the project will focus on the development of irrigation and multipurpose water management infrastructure (USFWRs, boreholes), an area in which the Bank has long experience, particularly in irrigation. It will help to improve food and nutritional security, reduce job insecurity for young people and strengthen community resilience. The project also considers women’s inclusion while addressing the main factors of fragility at the national and local levels. The PICAS-1 has the following 03 (three) components: (i) agricultural and rural infrastructure development; (ii) value chain development and resilience-building; (iii) project coordination and management. The project primely contributes towards climate adaptation result. As such 55% of the total approval is attributed as climate finance, out of which USD 9 million adaptation finance.