Côte d’Ivoire secures substantial funding for national development plan
Côte d’Ivoire secures substantial funding for national development plan
Côte d’Ivoire has successfully raised 47,820 billion FCFA to finance its ambitious National Development Plan 2026-2030, a triumph lauded by President Alassane Ouattara.
President Alassane Ouattara of Côte d’Ivoire expressed profound satisfaction with the outcomes of the consultative group meeting dedicated to funding the nation’s 2026-2030 National Development Plan (PND). This pivotal gathering successfully secured an impressive 47,820 billion FCFA, equivalent to 80 billion US dollars. Notably, this sum represents approximately four times the financial resources initially sought from the private sector to fuel the country’s growth initiatives.
President Ouattara underscored that this remarkable achievement is a clear testament to the international community’s unwavering confidence in Côte d’Ivoire and its promising future development prospects. He affirmed the government’s steadfast commitment to translating these significant financial pledges into tangible projects that will enhance the nation’s infrastructure and expand economic opportunities for its citizens.
The PND 2026-2030 is strategically structured around six core priorities: fostering peace and security, advancing agriculture, stimulating private sector expansion, investing in human capital, developing crucial infrastructure, and upholding good governance. The overarching ambition is to elevate Côte d’Ivoire to an upper-middle-income economy by the year 2030, targeting a GDP per capita of 4,500 US dollars and reducing the national poverty rate to below 20%.
During the impactful consultative group session held in Abidjan, a diverse assembly of over 2,000 investors from 49 countries converged. These participants represented various leading financial institutions and corporations, all engaging in crucial discussions regarding the essential funding for the PND.