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<!DOCTYPE html><html lang="en"><head><title>WBG Finances One - Madagascar</title><meta charSet="utf-8"/><meta name="language" content="en"/><meta http-equiv="X-UA-Compatible" content="IE=edge"/><meta name="viewport" content="width=device-width, initial-scale=1.0, user-scalable=1"/><meta name="title" content="WBG Finances One - Madagascar | World Bank Group Finances One"/><meta name="description" content="Discover the latest voting powers of the country Madagascar (MG) - comprehensive data on recent projects, disclosed investments and disclosed projects."/><meta name="keywords" content="wbg, finances, madagascar, discover, latest, voting, powers, country, comprehensive, data, recent, projects, disclosed, investments"/><meta name="last-modified" content="2024-12-02T00:00:00+00:00"/><meta name="author" content="World Bank Group"/><link rel="apple-touch-icon" sizes="180x180" href="/apple-touch-icon.png"/><link rel="icon" type="image/x-icon" href="/favicon.ico"/><link rel="icon" 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class="container"><div class="navbar-nav tour-navbar"><a class="nav-link tour-nav-home" href="/">Home</a><a class="nav-link tour-nav-data" href="/data">Data</a><a class="nav-link" href="/summaryinfo/overview">Financial Results</a><a class="nav-link active" href="/countries">Countries / Economies</a><a class="nav-link" href="/summaries/ibrd-ida">Summaries</a><a class="nav-link" href="/publications">Publications</a><a class="nav-link" href="/glossary">Glossary</a><a class="nav-link tour-nav-about" href="/about">About</a></div></div></div></nav><div class="children-container"><div class="py-3 bg-white " style="border-bottom:0px solid #ddd"><div class="container"><nav aria-label="breadcrumb"><ol class="breadcrumb"><li class="breadcrumb-item"><a href="/">Home</a></li><li class="breadcrumb-item"><a href="/countries">Countries / Economies</a></li><li class="breadcrumb-item active">Madagascar</li></ol></nav><h1 class="main-title mt-4 mb-2">Madagascar</h1></div></div><div class="bg-white pt-1 pt-md-4"><div class="container"><div class="row mobil-device"><div class="col-xl-8 col-lg-12 col-md-12 col-sm-12"><div class="row mb-0 mb-md-3"><div class="col-md-3 col-sm-6 mb-4 mb-md-0"><div class="text-wide-upper mb-1">As of Nov 14, 2024</div><div class="text-percent mb-1">Percentage of IBRD votes</div><div class="percent-number tc-blue">0.12%</div></div><div class="col-md-3 col-sm-6 mb-4 mb-md-0"><div class="text-wide-upper mb-1">As of Sep 30, 2024</div><div class="text-percent mb-1">Percentage of IDA votes</div><div class="percent-number tc-blue">0.22%</div></div><div class="col-md-3 col-sm-6 mb-4 mb-md-0"><div class="text-wide-upper mb-1">As of Nov 13, 2024</div><div class="text-percent mb-1">Percentage of IFC votes</div><div class="percent-number tc-blue">0.06%</div></div><div class="col-md-3 col-sm-6 mb-4 mb-md-0"><div class="text-wide-upper mb-1">As of Jun 30, 2024</div><div class="text-percent mb-1">Percentage of MIGA votes</div><div class="percent-number tc-blue">0.19%</div></div></div><div class="txt-info-wrp mb-4 pb-2">Latest information on Voting Powers on <a target="_blank" class="underline no-link" href="https://www.worldbank.org/en/about/leadership/votingpowers">worldbank.org</a> website</div></div><div class="col-xl-4 col-lg-12 col-md-12 col-sm-12 text-right"><a class="btn btn-primary btn-wrp mb-3" href="/data?q=Madagascar">Financial Data for this Country / Economy</a><a class="ms-4 btn btn-wrp-secondary btn btn-primary mb-3 m-ms-0 mobile-src-btn" href="/data?type=DATASET&tag=countries%20section">Source Data </a><a class="mb-3 ps-4 d-xl-block head-links-wrp pe-0 p-ps-0 mb-3" target="_blank" href="https://clientconnection.worldbank.org/">Client Connection Login<span class="ms-2" style="width:12px;display:inline-block;margin-left:2px;margin-right:2px"><img alt="" loading="lazy" width="16" height="17" decoding="async" data-nimg="1" style="color:transparent" src="/svg/lock.svg"/></span></a></div></div></div><div class="border-fullwidth pt-3"><div class="container"><div class="nav nav-wbg tab-inline tab-inline-lg border-0" id="v-pills-tab" role="tablist" aria-orientation="vertical"><button class="nav-link active" id="v-ibrd-tab" data-bs-toggle="pill" data-bs-target="#v-pills-ibrd" type="button" role="tab" aria-controls="v-pills-home" aria-selected="true">IBRD/IDA</button><button class="nav-link " id="v-ifc-tab" data-bs-toggle="pill" data-bs-target="#v-pills-ifc" type="button" role="tab" aria-controls="v-pills-profile" aria-selected="false">IFC</button><button class="nav-link " id="v-miga-tab" data-bs-toggle="pill" data-bs-target="#v-pills-miga" type="button" role="tab" aria-controls="v-pills-messages" aria-selected="false">MIGA</button></div></div></div></div><div class="container"><section class="section"><div class="tab-content" id="v-pills-tabContent"><div class="tab-pane fade show active" id="v-pills-ibrd" role="tabpanel" aria-labelledby="v-ibrd-tab"><div class="row mt-4 g-0 padd-b-40 "><div class="mobile-mb-4 col-xl-6 col-md-7"><div class=""><div class="row"><div class="col-lg-6 col-md-12 col-sm-12"><a class="mb-2 sm-txt" href="/summaries/ibrd-ida?tab=ibrd-len&countries=MG">Projects</a><div class="row"><div class="col-8"><div class="header-col-title mb-2">Total Commitment Amounts</div><div class="card-title mb-0"><div class="header-col-number">US$ 9,292 M</div></div></div><div class="col-4"><div class="header-col-title mb-2"># of Projects</div><div class="card-title mb-0"><div class="header-col-number">151</div></div></div></div></div></div></div></div><div class="text-end mobile-text-end col-lg-6 col-md-12 col-sm-12"><div class="d-flex justify-content-end align-items-center"><div class="mb-4 pt-1"><div class="mobile-mb-2"></div><div><div class="d-inline">Eligible for <a target="_blank" class="mb-1" href="http://treasury.worldbank.org/en/about/unit/treasury/ida-financial-products"><span class="ps-1 pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 6.9s19.8-16.6 19.8-29.6V32c0-17.7-14.3-32-32-32H352zM80 32C35.8 32 0 67.8 0 112V432c0 44.2 35.8 80 80 80H400c44.2 0 80-35.8 80-80V320c0-17.7-14.3-32-32-32s-32 14.3-32 32V432c0 8.8-7.2 16-16 16H80c-8.8 0-16-7.2-16-16V112c0-8.8 7.2-16 16-16H192c17.7 0 32-14.3 32-32s-14.3-32-32-32H80z"></path></svg></span></span>IDA Credits and IDA Grants only</a>, See also <a target="_blank" class="mb-1" href="http://treasury.worldbank.org/en/about/unit/treasury/ida"><span class="ps-1 pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 6.9s19.8-16.6 19.8-29.6V32c0-17.7-14.3-32-32-32H352zM80 32C35.8 32 0 67.8 0 112V432c0 44.2 35.8 80 80 80H400c44.2 0 80-35.8 80-80V320c0-17.7-14.3-32-32-32s-32 14.3-32 32V432c0 8.8-7.2 16-16 16H80c-8.8 0-16-7.2-16-16V112c0-8.8 7.2-16 16-16H192c17.7 0 32-14.3 32-32s-14.3-32-32-32H80z"></path></svg></span></span>Lending Rates & Fees</a></div></div></div></div></div></div><div style="margin-bottom:20px" class="pb-5 pb-xl-0"><h2 class="page-title pb-1">Latest Approved Projects</h2><div class="slick-card carousel-slick-section slick-hide-nav"><div class="slick-slider slick-initialized"><div class="slick-list"><div class="slick-track" style="width:100%;left:0%"><div data-index="0" class="slick-slide slick-active slick-current" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://projects.worldbank.org/en/projects-operations/project-detail/P181014?lang=en"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">Regional Emergency Preparedness & Access to Inclusive Recovery Project</span></div><div><div class="text-wide-upper">Approved on Jul 30, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Principal</div><div class="card-title mb-0"><div class="hover-count">$100,000,000</div><div class="normal-count">$100 M</div></div></div></div></div></a></div></div></div><div data-index="1" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://projects.worldbank.org/en/projects-operations/project-detail/P159756?lang=en"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">Integrated Urban Development and Resilience Project for Greater Antananarivo</span></div><div><div class="text-wide-upper">Approved on Jun 07, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Principal</div><div class="card-title mb-0"><div class="hover-count">$15,000,000</div><div class="normal-count">$15 M</div></div></div></div></div></a></div></div></div><div data-index="2" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://projects.worldbank.org/en/projects-operations/project-detail/P178566?lang=en"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">Food Systems Resilience Program for Eastern and Southern Africa</span></div><div><div class="text-wide-upper">Approved on Jun 06, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Principal</div><div class="card-title mb-0"><div class="hover-count">$50,000,000</div><div class="normal-count">$50 M</div></div></div></div></div></a></div></div></div><div data-index="3" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://projects.worldbank.org/en/projects-operations/project-detail/P179293?lang=en"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">East Africa Girls' Empowerment and Resilience</span></div><div><div class="text-wide-upper">Approved on Sep 28, 2023</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Principal</div><div class="card-title mb-0"><div class="hover-count">$180,000,000</div><div class="normal-count">$180 M</div></div></div></div></div></a></div></div></div></div></div></div></div></div><div class="d-flex"><h2 class="page-title flex-grow-1">Projects<span class="tool-tip tool-tip-light"><div class="d-inline-block d-lg-none text-right"><span class="tooltip-icon d-inline-block ms-2 d-lg-none"><img alt="info icon" loading="lazy" width="18" height="20" decoding="async" data-nimg="1" style="color:transparent" src="/svg/info-icon.svg"/></span></div></span></h2><a class="custom-btn-white" href="/summaries/ibrd-ida?countries=MG">Explore the Data<span class="custom-btn-white-icon"><span title="" style="width:9px;height:9px;color:inherit;display:inline-block;margin-left:5px;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="chevron-right" class="svg-inline--fa fa-chevron-right " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 320 512"><path fill="currentColor" d="M310.6 233.4c12.5 12.5 12.5 32.8 0 45.3l-192 192c-12.5 12.5-32.8 12.5-45.3 0s-12.5-32.8 0-45.3L242.7 256 73.4 86.6c-12.5-12.5-12.5-32.8 0-45.3s32.8-12.5 45.3 0l192 192z"></path></svg></span></span></a></div><div><div style="display:flex;justify-content:center;align-items:center"><img alt="" loading="lazy" width="50" height="50" decoding="async" data-nimg="1" style="color:transparent;min-height:150px" src="/svg/loader.svg"/></div></div><div class="mt-4"><div class="my-4 d-none d-lg-block"><div class="note-section-wrp mb-0"><ul class="ul-1 ps-3 mb-0"><li>Data presented does not include Trust Funds, Financial Intermediary Funds (FIFs) Commitments, loans to IFC nor IBRD/IDA guarantees.</li><li>The fiscal year begins on July 1st of the previous year and runs through June 30th of the designated year.</li><li>Based on unaudited data.</li></ul></div></div><div><div class="bolder fs-16px mb-1">For project information IBRD and IDA discloses on a daily basis, please refer to the</div><a target="_blank" class="d-flex mb-1" href="https://projects.worldbank.org/en/projects-operations/projects-summary?countrycode_exact=MG"><span class="pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 6.9s19.8-16.6 19.8-29.6V32c0-17.7-14.3-32-32-32H352zM80 32C35.8 32 0 67.8 0 112V432c0 44.2 35.8 80 80 80H400c44.2 0 80-35.8 80-80V320c0-17.7-14.3-32-32-32s-32 14.3-32 32V432c0 8.8-7.2 16-16 16H80c-8.8 0-16-7.2-16-16V112c0-8.8 7.2-16 16-16H192c17.7 0 32-14.3 32-32s-14.3-32-32-32H80z"></path></svg></span></span>Projects and Operations Portal</a></div></div></div><div class="tab-pane fade " id="v-pills-ifc" role="tabpanel" aria-labelledby="v-ifc-tab"><div class="row mt-4 g-0 padd-b-40 "><div class="mobile-mb-4 col-xl-8 col-sm-12"><div class=""><div class="row"><div class="col-lg-5 col-md-6 col-sm-12 col-border pe-4 mb-4 mb-md-0"><a class="mb-2 sm-txt" href="/summaries/ifc?tab=investment&countries=MG">Investment</a><div class="row"><div class="col-8"><div class="header-col-title mb-2">Total Board Approval Amounts</div><div class="card-title mb-0"><div class="header-col-number">US$ 214 M</div></div></div><div class="col-4"><div class="header-col-title mb-2"># of Projects</div><div class="card-title mb-0"><div class="header-col-number">14</div></div></div></div></div><div class="col-lg-5 col-md-6 col-sm-12 ps-4 mobil-ps-14"><a class="mb-2 sm-txt" href="/summaries/ifc?tab=advisory&countries=MG">Advisory</a><div class="row"><div class="col-8"><div class="header-col-title mb-2">Total Estimated Budgets</div><div class="card-title mb-0"><div class="header-col-number">US$ 19 M</div></div></div><div class="col-4"><div class="header-col-title mb-2"># of Projects</div><div class="card-title mb-0"><div class="header-col-number">13</div></div></div></div></div></div></div></div><div class="text-end mobile-text-end col-xl-4 col-lg-5 col-md-2 col-sm-12"><div class="d-flex justify-content-end align-items-center"></div></div></div><div style="margin-bottom:20px" class="pb-5 pb-xl-0"><h2 class="page-title pb-1">Recently Disclosed Investments</h2><div class="slick-card carousel-slick-section slick-hide-nav"><div class="slick-slider slick-initialized"><div class="slick-list"><div class="slick-track" style="width:100%;left:0%"><div data-index="0" class="slick-slide slick-active slick-current" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://disclosures.ifc.org/project-detail/SII/49867/sgm-bond"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">SGM bond</span></div><div><div class="text-wide-upper">Approved on Jun 27, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Total IFC Investment as approved by Board</div><div class="card-title mb-0"><div class="hover-count">$15,000,000</div><div class="normal-count">$15 M</div></div></div></div></div></a></div></div></div><div data-index="1" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://disclosures.ifc.org/project-detail/SII/47590/bop-acep"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">BOP ACEP</span></div><div><div class="text-wide-upper">Approved on Aug 01, 2023</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Total IFC Investment as approved by Board</div><div class="card-title mb-0"><div class="hover-count">$2,500,000</div><div class="normal-count">$3 M</div></div></div></div></div></a></div></div></div><div data-index="2" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://disclosures.ifc.org/project-detail/SII/47305/bop-pamf"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">BOP PAMF</span></div><div><div class="text-wide-upper">Approved on Apr 19, 2023</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Total IFC Investment as approved by Board</div><div class="card-title mb-0"><div class="hover-count">$2,000,000</div><div class="normal-count">$2 M</div></div></div></div></div></a></div></div></div><div data-index="3" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://disclosures.ifc.org/project-detail/SII/41633/ramex"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">Ramex</span></div><div><div class="text-wide-upper">Approved on Oct 10, 2019</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Total IFC Investment as approved by Board</div><div class="card-title mb-0"><div class="hover-count">$10,500,000</div><div class="normal-count">$11 M</div></div></div></div></div></a></div></div></div></div></div></div></div></div><div class="d-flex"><h2 class="page-title flex-grow-1">Projects<span class="tool-tip tool-tip-light"><div class="d-inline-block d-lg-none text-right"><span class="tooltip-icon d-inline-block ms-2 d-lg-none"><img alt="info icon" loading="lazy" width="18" height="20" decoding="async" data-nimg="1" style="color:transparent" src="/svg/info-icon.svg"/></span></div></span></h2><a class="custom-btn-white" href="/summaries/ifc?countries=MG">Explore the Data<span class="custom-btn-white-icon"><span title="" style="width:9px;height:9px;color:inherit;display:inline-block;margin-left:5px;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="chevron-right" class="svg-inline--fa fa-chevron-right " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 320 512"><path fill="currentColor" d="M310.6 233.4c12.5 12.5 12.5 32.8 0 45.3l-192 192c-12.5 12.5-32.8 12.5-45.3 0s-12.5-32.8 0-45.3L242.7 256 73.4 86.6c-12.5-12.5-12.5-32.8 0-45.3s32.8-12.5 45.3 0l192 192z"></path></svg></span></span></a></div><div></div><div class="mt-4"><div class="my-4 d-none d-lg-block"><div class="note-section-wrp mb-0"><ul class="ul-1 ps-3 mb-0"><li>Projects for which no disbursements have occurred are not included.</li><li>For Investment projects, all investment figures are indicative and represent only the total amounts as approved by the Board.</li><li>For Advisory Services projects, the estimated project budgets include all project-funded activities.</li><li>Data in millions of US$ equivalent.</li><li>The fiscal year begins on July 1st of the previous year and runs through June 30th of the designated year.</li><li>Based on unaudited data. Data as <a target="_blank" href="https://disclosures.ifc.org">disclosed by IFC</a>.</li></ul></div></div><div><div class="bolder fs-16px mb-1">For project information IFC discloses on a daily basis, please refer to the</div><a target="_blank" class="d-flex mb-1" href="http://www.ifc.org/wps/wcm/connect/Topics_Ext_Content/IFC_External_Corporate_site/Sustainability+and+Disclosure/Disclosure+Portal"><span class="pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 6.9s19.8-16.6 19.8-29.6V32c0-17.7-14.3-32-32-32H352zM80 32C35.8 32 0 67.8 0 112V432c0 44.2 35.8 80 80 80H400c44.2 0 80-35.8 80-80V320c0-17.7-14.3-32-32-32s-32 14.3-32 32V432c0 8.8-7.2 16-16 16H80c-8.8 0-16-7.2-16-16V112c0-8.8 7.2-16 16-16H192c17.7 0 32-14.3 32-32s-14.3-32-32-32H80z"></path></svg></span></span>IFC Disclosure Portal</a><div class="d-flex flex-column"><div><a class="source-links mb-1 p-0" target="_blank" href="http://www.ifc.org/"><span class="pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 6.9s19.8-16.6 19.8-29.6V32c0-17.7-14.3-32-32-32H352zM80 32C35.8 32 0 67.8 0 112V432c0 44.2 35.8 80 80 80H400c44.2 0 80-35.8 80-80V320c0-17.7-14.3-32-32-32s-32 14.3-32 32V432c0 8.8-7.2 16-16 16H80c-8.8 0-16-7.2-16-16V112c0-8.8 7.2-16 16-16H192c17.7 0 32-14.3 32-32s-14.3-32-32-32H80z"></path></svg></span></span>IFC.org website</a></div><div><a class="source-links p-0" target="_blank" href="http://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/solutions/how-to-apply-for-financing"><span class="pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 6.9s19.8-16.6 19.8-29.6V32c0-17.7-14.3-32-32-32H352zM80 32C35.8 32 0 67.8 0 112V432c0 44.2 35.8 80 80 80H400c44.2 0 80-35.8 80-80V320c0-17.7-14.3-32-32-32s-32 14.3-32 32V432c0 8.8-7.2 16-16 16H80c-8.8 0-16-7.2-16-16V112c0-8.8 7.2-16 16-16H192c17.7 0 32-14.3 32-32s-14.3-32-32-32H80z"></path></svg></span></span>How to apply for Financing</a></div></div></div></div></div><div class="tab-pane fade " id="v-pills-miga" role="tabpanel" aria-labelledby="v-miga-tab"><div class="row mt-4 g-0 padd-b-40 "><div class="mobile-mb-4 col-xl-8 col-sm-12"><div class=""><div class="row"><div class="col-lg-5 col-md-6 col-sm-12"><div class="row"><a class="mb-2 sm-txt" href="/summaries/miga?countries=MG">Guarantees</a><div class="col-8"><div class="header-col-title mb-2">Total Disclosed Projects</div><div class="card-title mb-0"><div class="header-col-number">US$ 105 M</div></div></div><div class="col-4"><div class="header-col-title mb-2"># of Projects</div><div class="card-title mb-0"><div class="header-col-number">6</div></div></div></div></div></div></div></div><div class="text-end mobile-text-end col-xl-4 col-lg-5 col-md-2 col-sm-12"><div class="d-flex justify-content-end align-items-center"></div></div></div><div style="margin-bottom:20px" class="pb-5 pb-xl-0"><h2 class="page-title pb-1">Recently Disclosed Projects</h2><div class="slider-container carousel-slick-section slick-hide-nav slick-card"><div class="slick-slider slick-initialized"><div class="slick-list"><div class="slick-track" style="width:100%;left:0%"><div data-index="0" class="slick-slide slick-active slick-current" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><div class="card-wrp card-wrp-nolink p-4"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 " style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light"><div class="LinesEllipsis "><div>Airtel Mobile Money Madagascar</div></div></span></div><div><div class="text-wide-upper">As of Dec 02, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Gross Exposure</div><div class="card-title mb-0"><div class="hover-count">$5,130,000</div><div class="normal-count">$5 M </div></div></div></div></div></div></div></div></div><div data-index="1" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><a target="_blank" class="card-wrp p-4" href="https://www.miga.org/node/3106"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 two-line-ellipses" style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light">Ravinala Airports</span></div><div><div class="text-wide-upper">As of Dec 02, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Gross Exposure</div><div class="card-title mb-0"><div class="hover-count">$72,667,433</div><div class="normal-count">$73 M</div></div></div></div></div></a></div></div></div><div data-index="2" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><div class="card-wrp card-wrp-nolink p-4"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 " style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light"><div class="LinesEllipsis "><div>Ravinala Airports</div></div></span></div><div><div class="text-wide-upper">As of Dec 02, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Gross Exposure</div><div class="card-title mb-0"><div class="hover-count">$8,440,346</div><div class="normal-count">$8 M </div></div></div></div></div></div></div></div></div><div data-index="3" class="slick-slide slick-active" tabindex="-1" aria-hidden="false" style="outline:none;width:25%"><div><div class="d-flex" tabindex="-1" style="width:100%;display:inline-block"><div class="card-wrp card-wrp-nolink p-4"><div class="d-flex flex-column justify-content-between h-100"><div class="card-title card-title-h mb-2 " style="letter-spacing:-0.02em"><span class="tool-tip tool-tip-light"><div class="LinesEllipsis "><div>Ravinala Airports</div></div></span></div><div><div class="text-wide-upper">As of Dec 02, 2024</div><hr class="mt-3 mb-2"/><div><div class="card-text card-text-opensans">Gross Exposure</div><div class="card-title mb-0"><div class="hover-count">$15,750,211</div><div class="normal-count">$16 M </div></div></div></div></div></div></div></div></div></div></div></div></div></div><div class="d-flex"><h2 class="page-title flex-grow-1">Projects<span class="tool-tip tool-tip-light"><div class="d-inline-block d-lg-none text-right"><span class="tooltip-icon d-inline-block ms-2 d-lg-none"><img alt="info icon" loading="lazy" width="18" height="20" decoding="async" data-nimg="1" style="color:transparent" src="/svg/info-icon.svg"/></span></div></span></h2><a class="custom-btn-white" href="/summaries/miga?countries=MG">Explore the Data<span class="custom-btn-white-icon"><span title="" style="width:9px;height:9px;color:inherit;display:inline-block;margin-left:5px;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="chevron-right" class="svg-inline--fa fa-chevron-right " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 320 512"><path fill="currentColor" d="M310.6 233.4c12.5 12.5 12.5 32.8 0 45.3l-192 192c-12.5 12.5-32.8 12.5-45.3 0s-12.5-32.8 0-45.3L242.7 256 73.4 86.6c-12.5-12.5-12.5-32.8 0-45.3s32.8-12.5 45.3 0l192 192z"></path></svg></span></span></a></div><div class="mt-4"><div class="my-4 d-none d-lg-block"><div class="note-section-wrp mb-0"><ul class="ul-1 ps-3 mb-0"><li>Total guarantees issued from FY2009.</li><li>Data presented does not include guarantees issued on behalf of MIGA administered Trust Funds.</li><li>Data in millions of US$ equivalent.</li><li>The fiscal year begins on July 1st of the previous year and runs through June 30th of the designated year.</li><li>Based on unaudited data.</li></ul></div></div><div><div class="bolder fs-16px mb-1">For project information MIGA discloses on a daily basis, please refer to the</div><a target="_blank" class="d-flex mb-1" href="https://www.miga.org/projects"><span class="pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 6.9s19.8-16.6 19.8-29.6V32c0-17.7-14.3-32-32-32H352zM80 32C35.8 32 0 67.8 0 112V432c0 44.2 35.8 80 80 80H400c44.2 0 80-35.8 80-80V320c0-17.7-14.3-32-32-32s-32 14.3-32 32V432c0 8.8-7.2 16-16 16H80c-8.8 0-16-7.2-16-16V112c0-8.8 7.2-16 16-16H192c17.7 0 32-14.3 32-32s-14.3-32-32-32H80z"></path></svg></span></span>MIGA Project Portal</a><div class="d-flex flex-column"><div><a class="source-links mb-1 p-0" target="_blank" href="https://www.miga.org/"><span class="pe-2"><span title="" style="width:16px;height:16px;color:inherit;display:inline-block;margin-left:0;margin-right:0"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="up-right-from-square" class="svg-inline--fa fa-up-right-from-square " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M352 0c-12.9 0-24.6 7.8-29.6 19.8s-2.2 25.7 6.9 34.9L370.7 96 201.4 265.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0L416 141.3l41.4 41.4c9.2 9.2 22.9 11.9 34.9 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