On Thursday, December 05, 2024, government spokesman Amadou Coulibaly announced in Abidjan Plateau, the adoption of an ordinance on the allocation, organization and operation of the National Social Security Guarantee Fund (FOMUCI).

FOMUCI is established as part of the regulation of social insurance within the West African Economic Monetary Union (UEMOA). Its main mission is to prevent the possible bankruptcy of mutual insurance companies and to guarantee their contractual commitments to members and participants. The role of FOMUCI will be to provide financial support to mutual insurance companies and affiliated structures that are unable to honor their commitments. The new fund will also be responsible for implementing all the necessary measures to restore the financial balance of these entities, in order to protect social insured persons and to guarantee the sustainability of the mutual insurance system in Côte d'Ivoire