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

Financials as of September 30, 2019

Compact Budget

Milestones

  • Signed:
    November 7, 2017
  • Entry Into Force:
    August 5, 2019

Compact Projects

Abidjan Transport Project

  • $297,140,000Project Total Amount
  • $12,845,800Project Amount Committed
  • $792,811Project Amount Expended

The Abidjan Transport Project comprises two activities designed to improve efficiency in the transport of people and goods, increase the integration between transport systems, and improve road safety and pavement surface conditions in Abidjan along the major transport arteries. The Transport Infrastructure Activity will focus on the rehabilitation of up to 32 kilometers of critical roadway and adjoining infrastructure in the central corridor of Abidjan. The Transport Management and Planning (TMP) Activity will invest in educational and training resources for road asset management, develop road asset and safety resources and management tools, and develop mechanisms to support more efficient use of road maintenance funds. The TMP Activity will also support transaction advisory services to help Côte d’Ivoire develop private sector-led solutions to resolve the persistent problem of heavy-truck parking in and around the Port of Abidjan.

Skills for Employability and Productivity Project

  • $150,418,980Project Total Amount
  • $2,437,814Project Amount Committed
  • $310,608Project Amount Expended

The Skills for Employability and Productivity Project is comprised of two activities. The Secondary Education Activity will construct, equip, and provide support for up to 84 new secondary schools, construct two teacher training satellite campuses and redesign the pre-service teacher training curriculum, develop and operationalize a national gender policy for Côte d’Ivoire’s educational system, and support the development of an integrated education management information system. The Technical and Vocational Education and Training (TVET) Activity will establish three to four new TVET centers that will be developed and managed through public-private partnerships with industries in Côte d’Ivoire. In addition, the TVET Activity will support the development of a permanent tracer study system and a national accreditation system for TVET centers.

As of May 31, 2019