The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development has signed off on two financing agreements with Madagascar totalling $65-million to boost support for sustainable socioeconomic development and energy transition. A $35-million loan will support the Specific, Measurable, Achievable, Relevant and Time-bound (Smart) Clean Cooking Project, while an additional $30-million loan will help develop transport infrastructure through the Facilitation of Commerce Corridors Project Phase II (PACFC II).
