OPEC Fund signs off on $65m clean energy and infrastructure development financing for Madagascar

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).