Cote d’Ivoire: IFC to invest $1.7bn in infrastructure projects
Wednesday, 31 August 2016 17:11
Philippe Le Houerou, executive vice-president of the International Finance Corporation (IFC), started on August 29, 2016, a 3-day visit in Abidjan, Cote d’Ivoire’s capital. After meeting with various officials including President Ouattara, he said his institution would invest $1.7 billion, around a trillion Cfa in the country by 2020.
This sum will be injected in various socio-economic sectors including infrastructures, energy, transport, agriculture, Small and Medium Enterprises (SMEs) as well as the manufacturing and mining sectors, the official said.
According to Philippe Le Houerou, the talks will help determine the “IFC’s contribution to each sector in order to concretize financing commitments announced at the Paris Consultative Reunion, in June 2016”.
The International Finance Corporation (IFC) is World Bank’s arm dedicated to the private sector.
Alain Okpeitcha
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