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 9 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 2017, compared to five in fiscal year 2013. The MCC Board of Directors approved a $524 million 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.
The proposed compact is comprised of two projects:
- The Skills for Employability and Productivity Project will increase access to secondary education and support the construction of up to 84 new secondary schools.
- The Abidjan Transport Project is designed to reduce transport costs and improve efficiencies for households and businesses.
Milestones in Compact Development
|Board Approval||September 27, 2017||
In September 2017, the MCC Board of Directors approved a $524 million compact with Côte d’Ivoire.
|Eligibility Notification||December 13, 2016||
In December 2016, the MCC Board of Directors reselected Côte d’Ivoire as eligible to develop a compact.
|Concept Paper Received||August 31, 2016||
The Government of Côte d’Ivoire submitted project proposals (concept papers) in August 2016.
|Concept Note Received||February 25, 2016||
The Government of Côte d’Ivoire submitted concept notes in February 2016.
|Eligibility Notification||December 16, 2015||
In December 2015, the MCC Board of Directors selected Côte d’Ivoire as eligible to develop a compact.
As of September 5, 2017