Source: Afrik 21, Dec. 2023
The African Development Bank (AfDB) approved $19.2 million for Madagascar. This funding provided through several mechanisms will contribute to the resilience to climate shocks that the island is experiencing.
Madagascar gets support from the African Development Bank (AfDB) to cope with climate shocks. The pan-African financial institution based in Abidjan in Côte d’Ivoire has just signed a check for 19.2 million dollars in favor of the big island. This funding is provided by the Transition Support Facility ($13 million), an AfDB facility that supports fragile states. At least $4.7 million is being allocated under the African Disaster Risk Financing (ADRiFi) program.