The World Bank has announced on December 15th , in a statement, the grant of $ 70 million to Côte d’Ivoire to support efforts made by the country to strengthen its public administration and facilitate growth in the private sector.
Called “the second credit in support of poverty reduction “, this funding to the country by the International Development Association (IDA), an institution of the World Bank will also be used to improve governance and create a climate for business activities, and then to reduce poverty and promote prosperity for all. It is part of a series of three operations planned to support the development of policies to help Côte d’Ivoire to become an emerging market around 2020.
“Since the end of the crisis, the country has embarked on a program of ambitious reforms and extend that leverage to its human capital, natural resources and infrastructure to achieve strong and sustainable economic growth, with the support of the international donor community, “said Ousmane Diagana, Director of World Bank operations in Cote d’Ivoire, Burkina Faso, Togo, Benin and Guinea, in the statement.