Madagascar Receives Additional 964,000 Euros from COMESA

Lusaka, Thursday, July 4, 2019: Madagascar will receive an additional 964,000 Euros to build its capacity to implement regional integration programmes under the COMESA Adjustment Facility (CAF), which is funded from the 10th European Development Fund Regional Integration Support Mechanism (RISM) programme.

This follows the signing of the financing agreement between the country’s Minister of Industry Trade and Handicrafts, Hon. Lantosoa Rakotomalala and the Secretary General of COMESA Chileshe Kapwepwe.

The signing ceremony was conducted in Geneva, July 4, 2019, on the side-lines of the WTO Aid for Trade Global review forum.

The new funding is an additional to earlier grants signed in 2015 amounting to slightly over one million Euros and the second one signed in 2018 amounting to over 370,000 Euros. This brings the total financing granted to Madagascar to over 2.3 million Euros under the COMESA Adjustment Facility.

Leave a Reply

Your email address will not be published. Required fields are marked *