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Côte d’Ivoire: France loans US$333 mln to boost connectivity and sanitation

Friday, 08 July 2022 18:57
Côte d’Ivoire: France loans US$333 mln to boost connectivity and sanitation

(Ecofin Agency) - Over the past few years, Côte d’Ivoire has implemented several projects to improve the living conditions of its residents living in poor areas. The projects are supported by international partners.   

Côte d’Ivoire and the French Development Agency (AFD) recently signed two loan agreements totaling US$333.2 million to fund two connectivity and sanitation projects. The agreements were announced, Wednesday (July 6), on the official Twitter page of AFD country director Emmanuel Debroise.

The first agreement, which aims to strengthen connectivity in Côte d’Ivoire’s northern border region, concerns a US $201.9 million loan. It aims to facilitate mobility for more than 1.4 million people in the Savanes District.  

The second agreement is a US$131.3 million loan to finance a sanitation project in Yopougon, the country's largest commune. The project will improve the living conditions of more than 600,000 residents.

Let’s note that in December 2021, France and Côte d’Ivoire signed a US$56.7 million funding agreement for the Abidjan Restructuring Neighborhood Development Project (PARQA). The project aims to improve urban services such as electricity, public lighting, drinking water, and wastewater as well as social and community facilities. In October 2021, the bilateral partner had turned €1.14 billion debt into a grant for Cote d’Ivoire. 

Jean-Marc Gogbeu

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