Madagascar's Ministry of Finance published a readout of Madagascar’s participation, led by Minister of Economy and Finance Dr Aimé Ramiarison Herinjatovo, in the World Bank Group Africa Group II Governors’ meeting held on the sidelines of the World Bank Group 2025 Annual Meetings in Washington, DC. The note highlights a shared call to strengthen World Bank Group support to boost resilience, improve public management capacity and accelerate economic transitions amid weaker global growth, geopolitical tensions, rising protectionism and increasing climate shocks. The readout cites World Bank projections of 2.3% global growth in 2025 and 2.4% in 2026, with Sub-Saharan Africa projected at 3.7% in 2025 and 4.2% in 2026–2027. It points to the IDA21 replenishment, effective 1 July 2025, with a record USD 100bn volume, and flags the Mission 300 initiative to expand electricity access to 300 million Africans by 2030. Africa Group II Administrator Harold Tavares reported that in fiscal year 2025, 130 IBRD and IDA projects for Africa Group II countries were approved totaling USD 9.5bn, compared with 93 projects totaling USD 7.0bn in 2024, while IFC commitments reached USD 2.4bn, up 57.3% year on year. Governors also identified priorities including faster budget support, deeper South-South exchange, greater private-sector mobilisation, broader use of guarantees, and instruments better tailored to small island states.
Ministry of Finance (Madagascar) 2026-04-18
Madagascar's Ministry of Finance reports outcomes of World Bank Africa Group II governors meeting including IDA21 USD 100bn replenishment
Madagascar’s Ministry of Finance reported on its participation in the World Bank Group Africa Group II Governors’ meeting, where ministers urged stronger World Bank support to bolster resilience, public management capacity and economic transitions amid weaker global growth and rising climate shocks. The readout highlighted World Bank growth projections, the USD 100bn IDA21 replenishment effective 1 July 2025, the Mission 300 electricity access initiative, increased commitments for Africa Group II countries, and governors’ priorities including faster budget support, greater private-sector mobilisation and better-tailored instruments for small island states.