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The 'Sustainable Landscapes in Eastern Madagascar' project is a cross-cutting mitigation and adaptation initiative requesting US$53.5 million from the Green Climate Fund. It employs a three-pronged financial approach: a US$15.3 million grant for public sector capacity building and sustainable agriculture, a US$35 million equity investment in a US$50.5 million private sector Investment Fund managed by Althelia, and a US$3.2 million grant to establish a national Climate Change Trust Fund. The project targets the Ankeniheny-Zahamena (CAZ) and Ambositra-Vondrozo (COFAV) forest corridors, aiming to reduce 10 MtCO2eq of emissions, provide 33 MW of renewable energy capacity, and benefit 562,000 direct beneficiaries. Key innovations include the use of a first-of-its-kind EIB Green/Climate Bond to mobilize private capital for a least developed country.