The World Bank is delivering additional financing to continue the Bank’s support to the environment sector in Madagascar, a country that is home to some of the worlds most unique and threatened biodiversity
The financing, amounting to US$52mn, will support conservation efforts in 30 national parks and three newly protected areas, covering some 2.7mn hectares of land. Madagascar is one of the worlds poorest countries but is endowed with some of the worlds richest natural assets, said Haleh Bridi, World Bank Country Director for Madagascar.
The biodiversity in Madagascar is a globally significant resource and an irreplaceable public good. We cant walk away from protecting it. Financed by the International Development Association (IDA), the Bank’s fund for the poorest countries, and including a $10mn grant from the Global Environment Facility (GEF), the additional financing will fund conservation, community development, and ecotourism activities over the next three years across conservation areas managed by the independent Madagascar National Parks (MNP).
