A New Country Partnership Framework (CPF) For Madagascar Includes Railway Development
A new Country Partnership Framework (CPF) for Madagascar, endorsed by the World Bank Group (WBG), for the period of 2023 to 2027, includes the development of railways to aid the country’s efforts towards inclusive and resilient growth.
The strategy will be carried out by the WBG’s member organisations, which include the World Bank, the International Finance Corporation (IFC), which focuses on the private sector in emerging markets, and the Multilateral Investment Guarantee Agency (MIGA), which offers political risk insurance and credit enhancement guarantees.
A few points to highlight that relate to the railway sector in Madagascar include: Using a multiphase programmatic approach, the World Bank will provide technical assistance to engage in the policy dialogue for reforms of the railway and aviation sectors, and if reforms materialise, the International Finance Corporation (IFC) will help mobilise private investment in the development of sustainable transport infrastructure (ports, airports, railroads).
This could include support for developing a multimodal transport platform to decongest Toamasina port, modernising and building free ports in other places, and creating intermodal transport links (through roads and railways) to the hinterlands to optimise port capacity and reduce costs.
In the transport sector, IFC is currently involved in discussions about supporting the new private container terminal at the Toamasina Port and the Madarail rehabilitation project. In the early planning stages is also the procurement of rolling stock for Madarail.
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