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Financing investor development policy in Côte d'Ivoire: the World Bank grants around 249 billion CFA francs

14/12/2022
Source : ORISHAS FINANCE
Categories: Sectors

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In its intention to stimulate reforms that aim to strengthen public and private investments, human capital, and the sustainable use of natural resources, the World Bank has decided to provide financial support to Côte d'Ivoire.

The Bank financed Côte d'Ivoire to the tune of 400 million dollars (about 249 billion FCFA). This funding supports Côte d'Ivoire's ambitious objective of reducing the poverty rate from the current 39.5% to 20% by 2023 by doubling per capita income. In reality, this money will be used to help the government strengthen the policy of developing investments for growth through the implementation of policies. This is to create the foundations for inclusive and sustainable growth driven by investments.

It will therefore increase access to health and education services, increase competition in growth sectors and domestic revenue mobilization, and promote the sustainable use of natural resources. The World Bank's Director of Operations for Côte d'Ivoire, Benin, Guinea and Togo, Coralie Gevers, believes that in order to maintain high growth in the medium term, “Côte d'Ivoire needs to address the main obstacles to the structural transformation of its economy.”

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