• Côte d’Ivoire establishes sovereign fund to manage public assets

• Fund to finance infrastructure, stabilize economy, build long-term savings

• Revenues from mining, energy and assets to fund operations

Côte d’Ivoire Council on Wednesday, April 15 adopted an ordinance establishing the Strategic Sovereign Fund for the Development of Côte d’Ivoire (FSD-CI), alongside a ratification bill and an implementing decree setting out its governance and operations.

The FSD-CI is a state-owned legal entity tasked with managing and enhancing public assets. It will also finance and develop infrastructure projects and support investments linked to economic transformation. The fund is divided into three components: strategic and priority infrastructure, economic stabilization in response to external shocks, and the buildup of long-term public savings.

“With this fund, our country is equipping itself with a modern, ambitious and efficient tool to ensure the rigorous and transparent management of our mining, energy and agricultural resources,” President Alassane Ouattara said. “It will finance structural projects, particularly in infrastructure, strengthen our resilience to external shocks, and build savings for future generations.”

According to government spokesperson Amadou Coulibaly, the fund is part of a series of reforms launched in 2012 to build a public financial ecosystem. This framework is built around institutions such as the Caisse des dépôts et consignations de Côte d’Ivoire, the SME Guarantee Fund, and reformed pension schemes.

The new fund strengthens this system by expanding financing capacity and helping channel resources toward investment needs. It also reflects a shift in the state’s role in allocating resources and supporting infrastructure development, with a focus on medium- and long-term planning.

The fund will be financed through a share of revenues from mining and energy extraction, as well as transfers of state-owned assets. This structure allows the government to raise funding outside the traditional budget framework and support infrastructure investment without directly affecting the fiscal balance.

The framework includes risk management, internal control, transparency and accountability mechanisms in line with sovereign wealth fund standards. It also incorporates a stabilization function, aimed at building reserves that can be deployed in the event of external shocks, particularly during commodity price swings or periods of financial stress.

Chamberline Moko