Ivory Coast: the Deposit and Consignment Fund is ready

The project of creation of the Caisse of Deposits and Consignations (CDC) obtained, this Tuesday, May 22, the approval of the commission of the economic and financial affairs of the national assembly, after that of the government last January. A new step that paves the way for its adoption in plenary session of parliament, the last lock before its launch.

The project presented yesterday to MPs by Adama Koné, the Minister in charge of Economy and Finance, aims to allow the Ivorian state to have more comfortable long-term financial resources for its investments in strategic sectors, but also support the development of local SMEs.

In this case, according to the minister, the CDC will carry the ambitions of the country particularly in the area of ​​green economy and energy transition in the image of the CDG (Caisse de Dépôt et de Gestion), its Moroccan sister, of which it partly inspired.

Operationalization studies have shown that over the first 8 years, the Caisse will generate “812 billion FCFA”, or 1.24 billion euros, of resources, and it should be surplus “in its third year of exercise” said Adama Koné.

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