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Côte d'Ivoire: World Bank's portfolio grew 400% in four years

Wednesday, 26 June 2019 14:07
Côte d'Ivoire: World Bank's portfolio grew 400% in four years

(Ecofin Agency) - In only four years, the total amount of funds granted to Côte d'Ivoire by the World Bank rocketed by 400%. This was observed during the 7th review of the bank’s portfolio in the country, held June 24.
“Financing provided by the World Bank went up from $600 million (XOF300 billion) in 2015, to nearly $2.4 billion (XOF1,200 billion) in June 2019, increasing by about 400%,” said Prime Minister Amadou Gon Coulibaly.
According to Pierre Laporte who manages the World Bank’s operation in the country, “the portfolio added seven new projects for a total of $1.05 billion (about XOF525 billion),” during the 2018 fiscal year. This is an exceptional performance.
Projects financed by World Bank now total 28 as of June 2019, compared to 21 in 2018, for a cumulative commitment of $2.63 billion, about XOF1,315 billion.
With regard to Côte d'Ivoire's absorption capacity, Pierre Laporte pointed out that the level of disbursement grew to XOF146.5 billion by June 2019, compared with XOF117.7 billion in 2018.
Zeinab Dosso (intern)

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