Côte d'Ivoire Compact

Côte d’Ivoire struggled with political instability and economic decline throughout the 1990s and 2000s. Since 2012, political stability has allowed the economy to recover from years of stagnation, with the country averaging a nine percent increase in GDP growth in each of the past five years. Despite this recovery, the poverty rate stood at 46.3 percent in 2015.

Côte d’Ivoire has continued its trajectory of continued political stability and scorecard improvement, passing 14 of 20 indicators in fiscal year 2019, compared to five in fiscal year 2013. The MCC Board of Directors approved a $524.7 million compact for Côte d’Ivoire at its quarterly board meeting in September 2017. The Government of Côte d’Ivoire is expected to provide an additional $22 million to support the feasibility and sustainability of the compact. The program will support the country’s efforts to address key binding constraints to economic growth through investments in the education and transportation sectors.

Financials

Compact Budget

Milestones

  • Signed:
     November 7, 2017

Compact Projects

Abidjan Transport Project

The Abidjan Transport Project will reduce transport costs and improve efficiencies for businesses by rehabilitating roads in and around the port area and improving road network management and maintenance.

Projected Long-Term Results

  • Estimated Beneficiaries 8,800,000 over 20 years

Skills for Employability and Productivity Project

The Skills for Employability and Productivity Project will increase access to secondary education and teacher training, and support the construction of up to 84 new secondary schools. Through a public-private partnership, a new technical vocational education and training (TVET) model will advance development of in-demand skills. It will also help the government mitigate gender disparities, improving outcomes for girls in the education system.

Projected Long-Term Results

  • Estimated Beneficiaries 2,800,000 over 20 years

As of May 31, 2019