Ivory Coast: $15.4 billion to finance development plan

May 19, 2016

Several donors have made financial pledges.

Several donors pledged to grant funding of $15.4 billion (€13.7 billion) at a conference in Paris on May 17th to support Côte d'Ivoire's Development Plan (PND).

The PND 2016-2020 includes total investments of 30,000 billion CFA francs (€46 billion), with the aim of granting Ivory Coast an emerging country status by 2020.

It has five components, namely strengthening the quality of institutions and governance, human capital development, structural transformation of the economy and job creation, infrastructure development and strengthening of regional integration.

Contributors include the World Bank, the African Development Bank, the Islamic Development Bank, the West African Development Bank, the Bank for Investment and Development of ECOWAS, the European Union, France, Japan and the United States.

The Ivorian prime minister said that the commitments far exceeded the amount originally sought of 4.425 billion CFA francs (€6.75 billion).ADNFCR-2976-ID-801818715-ADNFCR