LOANS & CREDITS
Madagascar - Proposed Emergency Recovery Credit for an Emergency Infrastructure Preservation and Vulnerability Reduction Project
Washington DC, November 29, 2012—The World Bank's Board of Executive Directors today approved the following project.
IDA Credit: US$102 million equivalent
Terms: Maturity = 40 years; Grace = 10 years
Project ID: P132101
Project Description: The project will contribute to preserving infrastructure and reducing household vulnerability in targeted areas. It will restore all-weather access on key national roads, rehabilitate basic infrastructure, preserve agricultural capacity and provide short-term employment opportunities to vulnerable households. It will also build resilience to further shocks through the provision of disaster risk management activities.