Mr Adama Coulibaly, Minister of Economy and Finance, Mr. Moussa Sanogo, Minister of Budget and State Portfolio, for the Côte d’Ivoire side, and Mr. Jean-Christophe Belliard, Ambassador of France in Côte d’Ivoire, accompanied by Mr. Emmanuel Chara Deproz, Director of the French Agency for Development (AFD) in Abidjan on the French side On Tuesday, July 5, 2022 in Abidjan, two credit agreements with a cumulative amount of 216 billion CFA francs (330 million euros) dedicated to the implementation of the priorities of the 2021-2025 National Development Plan were signed in Abidjan.
The first sovereign loan of the French Development Agency in the amount of 131 billion CFA francs is aimed at the economic and social development of Côte d’Ivoire and, more specifically, the province of Savanne, through the rehabilitation of the last sections of the International Route du Nord. The corridor that connects Abidjan to Bamako and Ouagadougou, implementing a strategy to open the rural localities of the region through the construction of transit structures. This project will improve commuting conditions for more than 1.4 million Savannah residents and halve travel time for nearly 1,000 vehicles per day using the Northern Road.
The second sovereign loan of 85.2 billion CFA francs will finance the Yopougon commune sanitation project aimed at improving the quality of the municipal wastewater treatment service. The project will finance the collection, transportation and treatment of wastewater from the central area of the municipality, allowing for an immediate positive impact on the quality of life for more than 600,000 inhabitants, especially women and girls, while contributing to the preservation of Lake Ibri.
These two structural projects constitute concrete responses to the priorities of Côte d’Ivoire, both in terms of economic benefits to the population and the achievement of the Sustainable Development Goals (SDGs). They are therefore at the heart of the mandate of the French Development Agency and attest to the quality of the partnership that links the Agency with the teams of the Ministry of Equipment and Road Maintenance and the teams of the Ministry of Hydraulics, Sanitation and Sanitation.
“The two areas concerned with financing agreements integrate the scope of the 2021-2025 National Development Plan, the implementation of which is supported by our partners, with France on the front line,” the Minister of Economy and Finance stated.
According to Adama Coulibaly, the signing ceremony of the loan agreement demonstrates the excellent quality of the existing cooperation relations between France and Côte d’Ivoire, through the French Development Agency. According to the Minister of Economy, these relations are strengthened by the deployment of significant financing, in particular through the debt reduction and development contract since 2012, supplemented by sovereign and non-sovereign loans from 2017, bringing today an amount of nearly 1,000 billion CFA francs.
“I can assure you of the Ivorian government’s commitment to continue this fully fruitful cooperation, by ensuring the effective use of the funding granted.”
For his part, Jean-Christophe Belliard stressed that “the signing of these two financing agreements enshrines France’s commitment to supporting the priorities of the 2021-2025 National Development Plan and its desire to contribute to the path of economic development and social inclusion for all Ivorians. And all Ivorians.”
It should be noted that this loan is part of the dynamic of France’s declarations of contribution during the meeting of the Consultative Group on June 15 in Abidjan, where the French Development Agency committed itself to supporting the State of Côte d’Ivoire in the implementation of the National Development Plan.