Côte d’Ivoire experienced political instability and economic decline throughout the 1990s and 2000s. Between 2012-2019, political stability and policy reforms have allowed the economy to recover from years of stagnation, with an average annual GDP growth rate of eight percent during that period. This progress can be seen in the reduction of the poverty rate stood at 46.3 percent in 2015 to 39.5 percent in 2018, based on World Bank statistics.
Additionally, Côte d’Ivoire graduated from the Lower Income cohort to the Lower-Middle Income cohort for the scorecard in fiscal year 2021. As a result of the stronger competition in the Lower Middle Income cohort, Côte d’Ivoire based ten indicators.
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 as of September 30, 2020
November 7, 2017
Entry Into Force:
August 5, 2019
Abidjan Transport Project
- $292,340,000Project Total Amount
- $16,198,142Project Amount Committed
- $5,615,954Project 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.
Progress and Achievements to Date
Activity 1: An architect and engineering firm has been recruited and is well underway with the engineering designs, an environmental and social impact assessment and resettlement action plan studies for the four major roads investments.
Activity 2: A Partner University (Polytechnique/Michigan State) has begun developing coursework for the first cohort which is expected to begin early 2021.The Technical Assistance contract is expected to be signed by the end of 2020.
Road Maintenance Funding: As a requirement of the entry into force of the Compact, the Government of Cote d’Ivoire has increased the amount of available funding for road maintenance by 20% over the previous year’s amount.
Road Fund: As a requirement of entry into force of the Compact, the Government of Cote d’Ivoire has increased the private sector and road user participation on the Road Fund Board of Directors to 50%.
Skills for Employability and Productivity Project
- $155,218,980Project Total Amount
- $7,890,269Project Amount Committed
- $2,727,397Project 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 December 2, 2020