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Green finance: Côte d'Ivoire signs its first sustainability-linked loan with Standard Chartered

05/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Ivory Coast has signed its first sustainability-linked loan of 433.3 million euros (approximately $504.6 million) with Standard Chartered Bank. Announced on Tuesday September 2nd 2025, the operation benefits from a double guarantee from the World Bank, through the International Bank for Reconstruction and Development (IBRD) and the Multilateral Investment Guarantee Agency (MIGA).

line-height: 107%; font-family: "Bookman Old Style”, serif"> Standard Chartered a structured a loan linked to sustainable development of 433 million euros for the Ministry of Finance and Budget of the Republic of Côte d'Ivoire, announcement a press release issued on September 2, 2025.

This loan is backed by the World Bank Group, acting through the Bank International for Reconstruction and Development (IBRD) and the Agency Multilateral Investment Guarantee (AMGI). Has Standard Chartered acted as the sole lender and mandated lead arranger.

This loan, guaranteed by the World Bank Group, is the first of its kind granted to Côte d'Ivoire in the framework for its new financing system linked to sustainable development, launched in June 2025. It is also the very first transaction in combine an IBRD first loss guarantee and a second loss guarantee loss of AMGI.

Sujithav Sarangi, Executive Director, Agency Development and Funding, Standard Chartered said: “We are proud to support the Republic of Côte of Ivory Coast with this historic loan, the first linked to sustainable development, in as a sole lender. Fruit of close collaboration with the Ministry of the country's Finances and Budget and the World Bank Group, this structure innovative aligns funding with clear and measurable goals in the framework for the new financing system linked to the sustainable development of country. It shows how innovation.

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