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Madagascar – Third Environmental Program Support Project [Additional Financing]

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Washington DC, June 21, 2011—The World Bank's Board of Executive Directors today approved the following project.

IDA Credit: US$42 million equivalent
Terms: Maturity = 40 years; Grace = 10 years
GEF Trust Fund Grant: US$10 million
Project ID: P107484
Project Description: This funding will help improve the protection and sustainable management of critical biodiversity resources in Madagascar, mainstream conservation into macro-economic management and facilitate the establishment of sustainable financial mechanisms for the environment, thus contributing to the improvement of the quality of life of the population.