Madagascar Shifts Role in African Development Fund with New Pledge

The pledge forms part of a broader $11 billion replenishment for the 2026-2028 cycle, which aims to bolster climate resilience and private sector growth across the continent. For Madagascar, the decision to invest follows nearly five decades of collaboration with the African Development Bank Group, which has funded critical upgrades to national road networks and irrigation systems. Finance Minister Dr. Herinjatovo Aimé Ramiarison framed the move as a demonstration of confidence in an institution that prioritizes African-led development, even as the country navigates its own fiscal constraints.

Beyond traditional infrastructure, the partnership is increasingly focused on energy independence. With only 2% of its 7,800-megawatt hydropower capacity utilized, the nation is targeting 80% electricity access by 2030 through the Mission 300 initiative. By contributing to the Fund, Madagascar aims to align its long-term renewable energy ambitions—including solar and wind projects—with the institutional resources necessary to attract further private investment and modernize its national grid.