Côte d’Ivoire: IDA window to invest USD 200 million in PCCET project

The World Bank announces the signing of a $ 200 million financing agreement from the International Development Association (IDA) for the Competitive Value Chains for Jobs and Economic Transformation (Pccet) Project. This partnership mobilizes the presence of the Director General of Operations of the World Bank, Axel van Trotsenburg, who inaugurates this Wednesday, July 14 in the company of the Minister of Health, Pierre Demba, a mobile clinic for vaccination against Covid-19 at the Forum of Adjamé.

Three weeks ago, the Director of Operations of the World Bank for Côte d’Ivoire, Togo, Benin, Burkina Faso and Guinea, Coralie Gervers, signed a financing agreement for the development project. food value chains (Pdc2v) with the Ivorian authorities, amounting to $ 250 million, disbursed from the International Development Association. This financial support targets 600,000 smallholder farmers (cassava, horticultural, etc.) including 300,000 women, 150 SMEs and at least 400 microenterprises.

Axel van Trotsenburg will discuss key priorities for financing in Africa, and advocate for greater policy and contributions for the ambitious replenishment of Ida 20 resources.

According to the Bank, Africa is the largest recipient of IDA with 39 countries and has made significant efforts to improve its development indicators throughout the six decades of partnership with the World Bank.

LEAVE A REPLY

Please enter your comment!
Please enter your name here