Quick Facts

Where the impacts of the investment may be experienced.
  • Madagascar
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • World Bank (WB)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-05-06
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Government of Madagascar
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Energy
  • Finance
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 11.86 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 28.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ WB website
Updated in EWS: 2017-10-12
Disclosure Date: 2015-12-23
MG ethanol clean cooking climate finance program

Project Description
This project finances the increase in household use of ethanol, enhancement of distillery design and operations, and establishes an ethanol production safeguard system for future scale-up in Madagascar. This includes giving payments to participating households who adopt ethanol cooking solutions during the first five years of the program implementation period.
Investment Description
This project is financed by the Carbon Fund. The program will be implemented by Green Development AS, a private Norwegian company, in partnership with Local Implementation Partners (LIPs) organized by an industry trade association named Angovo Men’ Eva.
Contact Information
World Bank Contact: Giovanni Ruta Title: Senior Environmental Economist Tel: 5339+6014 / Email: gruta@worldbank.org Contact: Nuyi Tao Title: Senior Carbon Finance Specialist Tel: 473-1244 Email: ntao@worldbank.org Implementing Agencies Name: Green Development A.S. Contact: Havard Norstebo Title: General Manager Tel: 27794825574 Email: hn@greendevelopment.no ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.
Bank Documents