European Union provides Cote d'Ivoire budget support of €62 million
Wednesday, 23 November 2016 03:55
The European Union has provided Cote d'Ivoire a budget support of 40 billion CFA (62 million euros). The facility falls under a budget support program for good governance and development signed by the two entities on November 21, 2016.
According to the Ivorian Prime Minister, Daniel Kaplan Duncan, steps taken under the budget support program fall in line with the strategic axes 1 and 2 of the National Development Plan. The first consists in improving governance and institutions' quality and the second in accelerating the growth of human capital and promoting social welfare.
Let's highlight that regarding the budget support, this new tranche adds to a total of101 billion CFA francs (€157 million) already provided by the EU to Cote d'Ivoire. Of this amount, 75 billion CFA (€116 million) went into the 2012-2014 general budget support program, and 26 billion CFA (€40 million) into the rural land support program.
B.K
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