Ivory Coast: World Bank grant $ 70 million for the administration and the private sector

image012The 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.

About Khalid Al Mouahidi 4431 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network