Madagascar receives $250m to improve access to electricity
By the AFREEQUE newsroom, based on Madagascar Tribune
The ASCENT Madagascar programme, which notably focuses on access to electricity, is receiving $250 million in funding approved by the World Bank in May 2026. The issue is linked to priorities raised by the institution’s president, Ajay Banga, at the IMF and World Bank annual meetings in Bangkok, Madagascar Tribune reports.
Madagascar is receiving $250 million to improve access to electricity, amid difficulties with supply and financing constraints affecting businesses, Madagascar Tribune reports.
The challenges of electricity, job creation and access to finance align with the priorities outlined by Ajay Banga, president of the World Bank Group, during his speech on 16 October 2026 in Bangkok, at the annual meetings of the International Monetary Fund and the World Bank. He called for a better response to the structural difficulties facing developing countries, according to Madagascar Tribune.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
