Côte d’Ivoire secures record foreign investments to boost 2030 development plan
Côte d’Ivoire has surpassed all expectations by securing more than $80 billion in international funding for its National Development Plan (PND) through 2030. This remarkable achievement underscores the country’s economic resilience and renewed stability, drawing unprecedented investor confidence.
The Minister of Planning announced Thursday that Côte d’Ivoire has attracted foreign public investments four times higher than anticipated to fund its 2030 National Development Plan (PND).
The country’s economic allure continues to grow, backed by one of West Africa’s strongest growth performances—averaging 6.5% annually in recent years—and a hard-won stability following a turbulent decade of political and military unrest in the early 2000s.
A high-profile gathering in Abidjan on Wednesday and Thursday brought together government officials and hundreds of public and private investors to finance the PND. Key initiatives include enhanced security measures, agricultural modernization—contributing 20% to GDP—support for the creation of national champions, and major infrastructure projects such as a high-speed rail network.
Surge in international funding commitments
Initially, Côte d’Ivoire sought approximately $20 billion in public funding. However, development partners have pledged over $80 billion—four times the requested amount—demonstrating strong global confidence in the nation’s trajectory.
Major contributors include the World Bank, the African Development Bank (AfDB), and the European Union.
“This reflects that nearly all our economic indicators are in excellent shape,” stated Minister Souleymane Diarrassouba during the event. He also highlighted expectations that over 70% of the total PND funding—exceeding $147 billion—will come from the private sector.
The overall PND funding target stands at $209 billion, with the Ivorian government also contributing significantly. This follows a February bond issuance that raised $1.3 billion on international markets at exceptionally favorable rates for an emerging economy.
In late June, the International Monetary Fund (IMF) approved nearly $833 million in disbursements under several support programs. The IMF praised Côte d’Ivoire’s “resilient” economy while projecting a slight growth slowdown to 6% in 2026 from 6.5% in 2025, alongside a projected inflation rate of around 3.3% this year.
Once heavily reliant on agriculture, Côte d’Ivoire has been diversifying its economy in recent years, tapping into new sectors such as mining, natural gas, and oil.
