The African Development Bank (www.AfDB.org) and the Government of Côte d’Ivoire have started a preliminary dialogue in Abidjan from July 18 to 22, 2022, to lay the foundations for the Bank’s strategy in Côte d’Ivoire in over the next five years. years.

Led by the Bank’s Deputy Managing Director for West Africa, Joseph Ribeiro, the Bank’s delegation held week-long meetings with various stakeholders and partners in Côte d’Ivoire, including senior officials the Prime Minister’s office, the Ministry of Planning and Development, the Ministry of Economy and Finance and the technical departments of the main ministries concerned by the Bank’s action in Côte d’Ivoire. Technical and financial partners from Côte d’Ivoire also took part in the meetings, as well as representatives of the Ivorian private sector and civil society.

The discussions focused on the first version of the country diagnostic note, prepared by the Bank for Côte d’Ivoire, and the completion report of the Bank’s 2018-2022 Country Strategy Paper (CSP) (https:/ /bit.ly/3zg0B7e) for Ivory Coast, which expires at the end of the year. The dialogue also included a performance review of the portfolio of projects financed by the Bank in Côte d’Ivoire during the year 2022. Lessons were learned regarding cooperation between the Bank and Côte d’Ivoire, and a certain number of strategic and operational recommendations were formulated with a view to improving future projects.

“Côte d’Ivoire is a strategic partner of the Bank and this dialogue with the government and other stakeholders has enabled a complete diagnosis of our actions in Côte d’Ivoire and the identification of strategic orientations for the future Strategy Document. Country that will cover the period 2023-2027 and will be linked to the priorities of the government’s National Development Plan for 2021-2025,” Ribeiro said.

“The Bank has managed to adjust its interventions through the use of more appropriate tools and mechanisms, as evidenced by the Covid-19 Rapid Response Facility, which provided a cycle of general and sector support to the national budget, and the Emergency Food Production Program, which provides 96 billion FCFA ($159.33 million) in budget support to deal with the consequences of the crisis in Ukraine,” said the Chief of Staff of the Minister of Planning and Development, Yéo Nahoua, who headed the Ivorian delegation.

“I take this opportunity to thank the authorities of the Bank, on behalf of the Minister of Planning and Development, who exercises the functions of Governor of the Bank for Côte d’Ivoire, for their contribution to the resilience of our economy and for further improving the quality of our cooperation,” he added.

The Bank’s current Country Strategy Paper (CSP) for Côte d’Ivoire, which runs until the end of 2022, supports the implementation of the Ivorian government’s National Development Plan for 2016-2020. The two pillars of the plan are: strengthening key infrastructure and governance for greater competitiveness and investment efficiency; and the development of agro-industrial value chains to promote inclusive and sustainable growth.

Achievements to date under the first pillar include progress in the transport and energy sectors. The Bank’s interventions have been instrumental in achieving a 3.4% increase in the extent of paved interurban roads and 83% for urban expressways, helping to reduce national and international transport costs and improve trade with neighboring countries. In the energy sector, the Bank’s interventions made it possible to increase access to electricity by 8.6%, even if the failure to reach the 20% objective shows that additional efforts are necessary. .

The participants in the Bank-Government discussions noted that challenges remain for the strengthening of governance in the sectors concerned by the first pillar, and that interventions should be intensified to improve the business climate and support for small and medium enterprises.

With regard to the second pillar, the Bank’s operations have made it possible to strengthen research management structures in the agricultural sector and improve productivity in several agricultural sectors (maize, rice, cassava and market gardening). But there is still a lot to be done to support the infrastructure of agricultural value chains, in particular the agro-industrial transformation of local products, which is a key element of the second pillar.

The Bank has a portfolio of 44 projects in progress at the end of June 2022 in Côte d’Ivoire, representing commitments of approximately 1,528 billion FCFA or 2.41 billion dollars. Commitments are dominated by transport infrastructure (43.5%), followed by energy (23.6%), agriculture (19.4%), social (4.9%), governance ( 4.3%), finance (2.2%) and water and sanitation (2.1%). ). The total volume of the portfolio has quadrupled in five years, the level of disbursement is 44% and the portfolio has an average age of 3.9 years. Portfolio performance is rated satisfactory overall, with a rating of 3 on a scale of 1 to 4, but implementation challenges have included long lead times, partly related to the quality of project feasibility studies and extended response times. Discussions also focused on the share of non-performing projects, which now stands at 41% after falling below 30% at the end of 2021. The reasons for non-performing projects were noted. These include difficulties in launching new projects, implementation deadlines beyond five years and low disbursement rates.

“The Bank is ready to support Côte d’Ivoire in the implementation of its National Development Plan and to provide the necessary resources in the priority sectors identified by the government. Discussions also focused on support for human capital and capacity building. We are ready to examine all of this in discussions specifically focused on the country strategy document for the period 2023-2027,” Ribeiro concluded.

Distributed by APO Group for the African Development Bank (AfDB) Group.

Media contact:
Xiaomi Ollo Hien
Department of Communication and External Relations
[email protected]

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Present in 41 African countries with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states. For more information: www.AfDB.org

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.