Côte d’Ivoire secures massive funding for its 2026-2030 national development plan

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Côte d’Ivoire secures massive funding for its 2026-2030 national development plan

Côte d’Ivoire has successfully garnered 47,820 billion FCFA to finance its ambitious National Development Plan 2026-2030, a triumph lauded by President Alassane Ouattara.

La Côte d'Ivoire récolte 47 820 milliards FCFA pour son développement

President Alassane Ouattara of Côte d’Ivoire has expressed profound satisfaction with the outcomes of the Consultative Group dedicated to financing the National Development Plan (PND) for 2026-2030. This crucial initiative has successfully attracted an impressive 47,820 billion FCFA, equivalent to 80 billion US dollars. This substantial sum represents approximately four times the initial funding targets sought from the private sector, marking a significant win for Côte d’Ivoire’s future.

President Ouattara underscored that this remarkable achievement serves as a clear testament to the international community’s unwavering confidence in Côte d’Ivoire and its promising development prospects. He reiterated the government’s steadfast commitment to translating these financial pledges into tangible advancements, thereby enhancing the nation’s infrastructure and expanding economic opportunities for its citizens. This robust commitment to sound African governance is a cornerstone of the plan.

The PND 2026-2030 outlines six core pillars: fostering peace, ensuring security, boosting agriculture, stimulating private sector growth, investing in human capital, upgrading infrastructure, and upholding strong 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 poverty rate to below 20%. This is a key piece of continent news demonstrating forward momentum.

The Consultative Group meeting, held in Abidjan, brought together over 2,000 investors from 49 different countries. This diverse assembly included representatives from various prominent financial institutions and corporations, all convened to discuss and contribute to the financing of this transformative National Development Plan.

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  • Boureima Amadou

    Reporter

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