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 contribute an additional $22 million to support the compact. The program will support the country’s drive to diversify its economy through investments in the education and transportation sectors.
Financials as of September 30, 2018
November 7, 2017
Abidjan Transport Project
- $292,340,000Project Total Amount
- $8,154Project Amount Expended
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.
Skills for Employability and Productivity Project
- $154,950,000Project Total Amount
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.
As of September 30, 2018