Côte d’Ivoire secures record foreign investments for national development

Côte d’Ivoire secures record foreign investments for national development

Côte d'Ivoire secures record foreign investments for national development

Côte d’Ivoire’s economic momentum continues to grow, attracting over 80 billion dollars in international funding for its National Development Plan. This unprecedented commitment underscores the nation’s robust economic recovery and strong investor confidence.

The Minister of Planning announced in a press briefing that Côte d’Ivoire has surpassed all expectations, securing four times the anticipated international public investments to fund its 2030 National Development Plan.

The country’s economic resilience is evident, with an average growth rate of 6.5% over recent years—one of the highest in West Africa—and a steady return to stability after overcoming a decade of political and military turmoil in the early 2000s.

An exclusive two-day forum in Abidjan brought together government officials and hundreds of public and private investors to discuss funding for the National Development Plan. Key priorities include security enhancements, agricultural modernization (contributing 20% to GDP), nurturing national champions through business support, and major infrastructure projects such as a high-speed rail network.

Investment commitments secured

Initially, Côte d’Ivoire sought approximately 20 billion dollars in public funding. However, international partners have pledged over 80 billion dollars—four times the requested amount—according to the Minister of Planning, Souleymane Diarrassouba.

Major contributors include the World Bank, African Development Bank, and European Union, reflecting strong global confidence in the nation’s economic trajectory.

The Minister emphasized that over 70% of the total funding is expected from the private sector, amounting to more than 147 billion dollars. When combined with state contributions, the total investment for the National Development Plan reaches 209 billion dollars.

Côte d’Ivoire has already demonstrated its financial credibility earlier this year by successfully raising 1.3 billion dollars on international markets at exceptionally favorable interest rates for an emerging economy. Additionally, the International Monetary Fund approved a disbursement of nearly 833 million dollars under various assistance programs in late June, recognizing the country’s resilient economy.

The IMF projects a slight economic slowdown, forecasting growth of 6% in 2026 compared to 6.5% in 2025, alongside a projected inflation rate of 3.3% this year.

While agriculture remains the backbone of Côte d’Ivoire’s economy, the government is actively diversifying into mining, gas, and oil sectors, unlocking new growth opportunities for the future.