Overview

  • Political Context

    Although Côte d’Ivoire has regained stability since the end of the 2010-2011 post-electoral war, the approach of the 2020 presidential election is giving rise to some uncertainty. President Alassane Ouattara has not yet indicated whether he will seek a third term.

    Former president Laurent Gbagbo was acquitted by the International Criminal Court but granted conditional release pending appeal proceedings. Upon completion of these proceedings, he could possibly join the presidential race. Recent tensions within the ruling RHDP coalition have culminated in the resignation of the speaker of the Parliament, Guillaume Soro.

    A new independent electoral commission (CEI), tasked with organizing the upcoming elections, was established following discussions between the government and an opposition party. The Parti Démocratique de Côte d’Ivoire (DCI) led by Henri Konan Bédié and the Front populaire ivoirien (FPI), led by Laurent Gbagbo, as well as parties close to the former speaker of the Parliament, Guillaume Soro, did not participate in the discussions. They are calling for new talks related to overhaul of the CEI.

    Intercommunal confrontations in May in the central region of the country and the recent arrest of political opponents followed by clashes between law enforcement and demonstrators are raising fears of heightened political tensions with the approach of the presidential election scheduled for October 2020.

    Economic Overview

    • The economy has expanded by an average of 8% per year since 2011, making Côte d’Ivoire one of the fastest growing countries in the world. However, the country’s GDP growth has gradually declined from 10.1% in 2012 to 7.7% in 2017 and is estimated at 7.4% in 2018.
    • The country is facing the dual challenge of maintaining a rapid growth rate while making this growth more inclusive (poverty remains high at 46.3%) and reducing fiscal imbalances.
    • The proximity of the national elections (slated for October 2020) may create uncertainty and have a negative impact on private investment.

    Social Context and Development Challenges

    • The excellent economic performance of Côte d’Ivoire has not produced the results expected in terms of social inclusion and a reduction in the poverty rate, which remains high. In 2018, Côte d’Ivoire ranked 170th among 189 countries on the United Nations Development Programme’s (UNDP) Human Development Index and has a low human capital index score (0.35) according to World Bank rankings.
    • Despite recent efforts, Côte d’Ivoire remains one of the countries with the highest gender inequality rates in the world.
    • Low completion rates of lower secondary education (35.5%), disparities in learning between girls and boys (the secondary completion rate for girls is 42.7% while for boys, it is 55.5%), maternal mortality (645 deaths per 100,000 live births), infant malnutrition, and youth unemployment (36% of young people between the ages of 15 and 35) are some of the main challenges to the development of Côte d’Ivoire.
    • Following a sharp rise in the poverty rate from 10% to 51% of the population between 1985 and 2011, it is projected to have fallen to 46.3%, according to the most recent Living Standards Monitoring Survey carried out by the government.

    It would be to the advantage of Côte d’Ivoire to target the most vulnerable segments of the population for greater redistribution of the benefits reaped from its sound economic performance, to further integrate women into the economy, and to develop its human capital to better meet the needs of the labor market.

    The production of modern goods and services requires skills that are still lacking in the local labor force.

    Last Updated: Nov 25, 2019

  • World Bank Group Engagement in Côte d’Ivoire

    World Bank Group engagement in Côte d’Ivoire (IDA, IFC, and MIGA) is determined by a Country Partnership Framework (CPF) for the 2016-2020 period. This framework, which seeks to accelerate and scale up WBG engagement in the country, focuses on three priority areas:

    • Promoting more rapid and sustainable private sector-led growth;
    • Building the human capital essential for economic development and social cohesion;
    • Strengthening public finance management, transparency, and institutional accountability.

    Furthermore, the activities linked to these priority areas must integrate two cross-cutting issues: governance and spatial inequalities.

    The World Bank Group is currently financing 28 projects totaling $3 billion and covering several areas:

    • Improving rural land tenure, developing the competitiveness of the cashew industry (cashew nuts), the digital economy, urban mobility, and infrastructure;
    • Combating coastal erosion, promoting transparency of information in the extractive industries, and improving forest resource management;
    • Establishing personal identification systems;
    • Strengthening the education and health sectors, as well as the nutrition and child development project.

    The CPF mid-term review was done in order to assess the progress made and draw lessons from its implementation.  Following this assessment, the World Bank recentered its priorities around human capital development and social inclusion.  It also implemented a new approach aimed at maximizing financing for development through the mobilization of private sector investment. The CPF was extended to FY 2021, in order to align it with the electoral cycle and the National Development Plan (2016-20).

    International Finance Corporation (IFC)

    The Côte d’Ivoire portfolio of the International Finance Corporation, the private sector arm of the World Bank, remains among the largest in the region. IFC has a total commitment of $371 million in own-account resources and roughly $1 billion in third party mobilization, most of which is directed toward the electricity sector. Since 2015, at the beginning of current CPF implementation, IFC has engaged in ten investment transactions and eight advisory operations.

    Multilateral Investment Guarantee Agency (MIGA)

    MIGA has three active projects with a total exposure of $659.4 million in critical oil and gas and infrastructure activities. This makes Cote d’Ivoire one of MIGA’s highest-exposure countries, guaranteeing coverage of risks of transfer restriction and currency inconvertibility, expropriation, breach of contract, and war and civil disturbance. MIGA’s exposure is in support of the CI-27 gas field expansion, the Henry Konan Bédié Bridge in Marcory, and an upgrade of the Azito thermal power plant.  

    MIGA is also working on other potential projects, including a hospital PPP, a wastewater treatment plan, and a biomass IPP. In addition, the government has asked it to explore support for the health and roads sectors.

    Last Updated: Nov 25, 2019

  • Progress made with World Bank Group-funded projects is outlined below:

    AGRICULTURE

    The West Africa Agricultural Productivity Program (WAAPP)­­ has:

    • Directly benefited 800,000 Ivorian farmers (49% of whom are women) living in rural areas, who have been able to boost production and improve their standard of living using the agricultural processing equipment provided by the project;
    • Facilitated the development of 247,692 hectares of improved crop varieties of rice, plantains, maize, yams, and sorghum;
    • Brought about a 22% increase in the household income of farmers targeted by the project.

    EMPLOYMENT AND SOCIAL COHESION

    The Youth Employment and Skills Development Project  (PEJEDEC) has:

    • Provided the first professional opportunity to 27,500 unskilled young people;

    The Post-Conflict Assistance Project (PAPC) has focused on promoting the social and economic reintegration of communities and individuals affected by the conflicts linked to the 2011 post-electoral crisis. The project has:

    • Benefited more than 760,000 persons;
    • Facilitated the establishment or reopening of 119 civil registry offices and the training of 320 civil registry employees;
    • Facilitated the social reintegration of close to 39,000 at-risk youth (35% of whom are girls);
    • Assisted 210 cooperatives;
    • Instituted 210 projects intended to strengthen social cohesion.

    Last Updated: Nov 25, 2019

  • Since 2011, the World Bank Group has been collaborating closely with the International Monetary Fund (IMF) and the European Union (EU) on the design and implementation of their support for Côte d’Ivoire.

    The World Bank Group is also working with the French Development Agency (AFD) and other key donors to set up agricultural investment programs and youth employment programs.

    Last Updated: Nov 25, 2019

Api


LENDING

Côte d’Ivoire: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments

MULTIMEDIA



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Additional Resources

Country Office Contacts

Main Office Contact
Banque Mondiale
01 BP. 1850
Abidjan 01, Côte d’Ivoire
(225) 22 400 400
For general information and inquiries
Enoh N'dri N’guessan
Communications Officer
endri@worldbank.org
For project-related issues and complaints
cotedivoirealert@worldbank.org