Public Management

Côte d’Ivoire and Canada sign a $42 mln MoU for development projects

Côte d’Ivoire and Canada sign a $42 mln MoU for development projects
Saturday, 29 April 2023 05:17

In line with its 2021-2025 National Development Plan, Côte d’Ivoire has signed several cooperation agreements with Canada to implement development projects, improve the well-being of its population and stimulate sustainable and inclusive growth. 

Côte d’Ivoire and Canada recently signed a CFAF25 billion memorandum of understanding for development projects. The agreement was announced by the Ivorian government on Wednesday, April 26.  

The memorandum of understanding is mainly aimed at strengthening the friendly relationship between the two countries and creating a framework for structured dialogue between the ministries in charge of development in both countries. It is accompanied by nine project protocols that are structured around four priority areas, namely: health, inclusive growth, education, and governance.

In line with Côte d’Ivoire’s 2021-2025 national development plan, the projects aim to support the government in the improvement of the population’s living conditions and the continuation of development efforts. 

 "This agreement is the tangible demonstration of Canada's commitment to complementing the efforts of the Ivorian government through the formulation and implementation of development projects," said Ms. Kaba Nialé, Minister of Planning and Development.

Côte d’Ivoire is one of the most dynamic economies in Africa. It has shown resilience to the recent economic shocks that hit it and recorded a 7% growth in 2021, compared to 2% in 2020. Despite the lingering effects of these shocks, Abidjan remains on a positive economic trajectory. According to the World Bank, the country should make more investments in new sectors likely to create wealth and jobs and be beneficial for women and the most vulnerable segments of its population, living in the most remote rural areas.

During the Consultative Group to Assist the Poor in mid-June 2022, in Abidjan, Canada committed to contributing CFAF60 billion ($100 million) over 2021-2025 to support the efforts of the Ivorian government.  

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Financing targets renewable energy and climate adaptation investments Deal supports Africa’s low-carbon transition and infrastructure funding...
Inflation dropped to 3.2% in March 2026, down from 25.8% a year earlier, marking 15 consecutive months of decline The Ghana Reference Rate was...
(BIDC) - The ECOWAS Bank for Investment and Development (EBID) has approved USD 266.7 million and XOF 30 billion to support a portfolio of strategic...
Nigeria's Senate approved an additional $6 billion in external borrowing on March 31. The news is backed by several reforms that lifted GDP...
Most Read
01

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
02

WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...

WAEMU Trade Surplus Widens to $5.8 Billion in Q4 2025 on Strong Export Gains
03

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
04

Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...

Ethio Telecom Turns to Green Power to Secure Network Expansion
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.