Energy storage subsidies madagascar

What does the European Investment Bank do for Madagascar?

The European Investment Bank is the world’s largest multilateral financing institution and one of the world’s leading climate finance donors. Since 1970, the EIB has lent a total of €904 million in support of long-term investments in Madagascar for key infrastructure as well as for the private sector.

How much money does the EIB lent to Madagascar?

Since 1970, the EIB has lent a total of €904 million in support of long-term investments in Madagascar for key infrastructure as well as for the private sector. EIB Global is the specialised arm of the EIB Group designed to increase the impact of international partnerships and development finance and a key partner in the Global Gateway strategy.

Does the EU support Welight & Madagascar?

EU Ambassador in Madagascar Isabelle Delattre Burger said: “I am pleased that the European Union is supporting both private operators, such as WeLight, and the Madagascar state in its efforts to increase access to electricity, including in areas where opportunities and income levels remain low.