Côte d'Ivoire will receive new support from the African Development Bank Group to strengthen governance and promote more inclusive, resilient economic growth. The Bank's Board of Directors has approved financing to help the country advance reforms that reinforce transparency, improve public resource management, and ensure that national development benefits all Ivorians.
In its session held on 19 November in Abidjan, the Board authorised a total of €38.92 million, comprising €29.19 million from the African Development Bank and €9.73 million from the African Development Fund, the institution's concessional window.
The financing will support the Governance Support Project for the Promotion of Inclusive Growth (PAGOCI). The programme focuses on strengthening public policies, enhancing domestic resource mobilisation, and improving the efficiency and transparency of public expenditure--all key pillars for sustainable and equitable growth.
"The project aims to promote strong, resilient and inclusive growth through strategic public policies that are gender- and climate-sensitive, increased mobilisation of domestic resources, and more efficient and transparent use of public funds," said Kevin Lumbila, Division Manager for North, West and Central Africa in the Bank Group's Governance and Economic Reforms Department.
The PAGOCI project aims to support the effective implementation of the country's National Development Plan (PND), budget programming that is compatible with macroeconomic balances, increased mobilisation of domestic resources, and effective management and implementation of public investments with strengthened control mechanisms.
"This project will strengthen the chain of programming, planning, budgeting, monitoring and evaluation of public policies in Côte d'Ivoire," said Abdoulaye Coulibaly, Director of the Governance and Economic Reforms Department at the African Development Bank.
Ensuring stable and sustainable public revenues is necessary to finance Côte d'Ivoire's ambitious development programme. Strengthening control mechanisms and improving transparency and accountability will boost investor confidence and create an environment that is more conducive to private sector development.
Côte d'Ivoire aims to become an upper-middle-income country by 2030 and is committed to an ambitious PND for 2026-2030, the implementation of which requires strengthening economic and financial governance, which the PAGOCI project supports. "With the PAGOCI project, the African Development Bank is proud to support Côte d'Ivoire in addressing its development challenges, confirming its long-standing commitment to economic governance in the country," said Joseph Ribeiro, the Bank Group's Deputy Director General for West Africa.
The project will also strengthen institutional capacities in integrating gender and climate change considerations into the selection and prioritisation of public investment projects. It will also support the development of the Gender Strategy of Côte d'Ivoire's National Gender Equality and Equity Policy.
