Public Management

Madagascar gets additional US$85 mln funding to reduce stunting rate

Madagascar gets additional US$85 mln funding to reduce stunting rate
Thursday, 14 July 2022 16:14

The World Bank estimates that in Madagascar, 1.7 million children (or 40%) under five are stunted. The rate is one of the highest in the world due primarily to chronic malnutrition.  

The Malagasy government will benefit from two funding packages totaling US$85 million from the World Bank to enhance a nutrition program being implemented in the country. The funding packages were announced by the Bretton Woods institution Wednesday, July 13. 

The packages include a loan and a grant of about US$42.5 million each. They will be granted for the implementation of the second phase of a multiphase 10-year program approved in late 2017 to improve nutritional outcomes and reduce the stunting rate in Madagascar. It will focus on children under five living in the regions with the highest stunting rates before expanding to 15 regions in the country. Ultimately, the initiative will benefit nearly 75% of children in the targeted regions. 

With the geographical expansion of phase 2, it would cover 65% of under-five children by the end of 2026. By 2028, the program is expected to reduce the number of stunted children by 30% in targeted regions,” the World Bank explains.  

According to the Bretton Woods institution, the first phase of the program enabled more than 1.8 million women and children under five to receive health and nutrition services. The second phase will maintain the focus on “the core activities of increasing quality and accessibility of  essential reproductive, maternal, and child health and nutrition services, demand generation, and systems strengthening.”

Although the country has one of the highest stunting rates globally, slow but steady progress has been made in recent years. “The prevalence of stunting has decreased from 50.1% in 2008-9 to 39.8% in 2021. This rate of improvement of 0.86 percentage points per year is better than the average rate of improvement in the Africa region,” the World Bank indicates. 

Jean-Marc Gogbeu

On the same topic
32 Nigerian banks meet capital requirements ahead of March 31, 2026 deadline Banks raise 4.61 trillion naira, with 27% from foreign...
Visa says premium cards already widely adopted in Senegal Training aims to help banks better target and serve high-end clients Strategy focuses on...
71% of consumers say lending rates remain non-competitive across African markets. Over 54% of respondents cite a lack of transparency on interest...
Pilot to expand SME financing via crowdfunding Project introduces crowdlending, investing to address limited bank credit FOGEC to guarantee...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.