Lagarde and Ouattara

An exceptional event took place on Monday, November 23, 2020. Indeed, as part of its resource mobilization strategy for 2020, Côte d'Ivoire launched a call for euro bonds for 1 billion Euros.

At the end of the operation, 211 investors subscribed for more than 5 billion Euros. The rate obtained is 5%, the lowest in the history of Côte d'Ivoire and also the lowest rate compared to all the reference countries which are accustomed to this market, as recalled by the spokesperson of the Government.

“As an indication, in 2019 the rate obtained by Côte d'Ivoire was around 5.875%. In reality, this is good news for our economy and Côte d'Ivoire,” said Sidi Tiémoko Touré.

According to him, the 5 billion Euros have been mobilized to finalize the financing of the 2020 budget and this hammering of comfort allows Côte d'Ivoire to comply with its commitments to the International Monetary Fund which was waiting the closing of the budget for nearly 150 billion FCFA. “We are finalizing this closure but we now have the resources to be able to address the various liabilities of the 2020 management”, mentioned the government spokesperson.