Madagascar benefits from a $1.8 million grant from the African Development Bank (AfDB). It was following two grant agreements signed between the Malagasy Ministry of Economy and Finance and the African Development Bank.

The first agreement, worth 1.3 million dollars, is for the project to support the implementation of the African Continental Free Trade Area (AfCFTA) in Madagascar, he said in a statement. This grant will be used to carry out reforms and policies relating to the integration of Madagascar into the CFTA, including the creation of an institutional framework and the strengthening of the capacity of actors and stakeholders, primarily the private sector

The second agreement concerns an emergency donation of 500,000 dollars to help the populations affected by Cyclone Freddy last February. Specifically, this sum will be used to buy 342 tons of rice, 57 tons of pulses and 34 tons of edible oil, which will benefit nearly 32,000 vulnerable