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17, 200 billion FCFA mobilized

Cap with the emergence of shared growth
  • 17-18 May, 2016
  • 66 avenue d'Iéna 75116, Paris
  • received more than 300 Personalities

Presentation of GCPND

CONTEXT AND RATIONALE

Under the authority of H.E. Alassane Ouattara, President of the Republic of Côte d'Ivoire, the Government has launched an ambitious economic and social recovery and development programme to make Côte d’Ivoire an emerging country by 2020.

To that end, the Government on 9 December 2015 adopted the National Development Plan (NDP 2016-2020), which draws lessons from the implementation of NDP 2012-2015 and is based on the "Côte d’Ivoire 2040" Vision. Similarly, the National Assembly on 30 December 2015 unanimously adopted the Law relating to the 2016-2020 National Development Plan.

The strategy of NDP 2016-2020 is based on the structural transformation of the economy, with drivers being competitiveness, as well as the processing of commodities and exports. Better distribution of the fruits of growth is also a pillar of the new strategy.

Growth over the 2016-2020 period is expected to increase from 9.5% in 2015 to 9.8% in 2016, 8.9% in 2017, and 8.4% on average between 2018 and 2020, with an overall investment of CFAF 30,000 billion (USD 50 billion) of which CFAF 11 284 billion (USD 18.8 billion) for the public sector and CFAF 18 716 billion (USD 31.2 billion) for the private sector.

The overall investment rate will increase from 20.2% in 2016 to 24.5% in 2020. It will be driven by public investment, which is expected to increase from 7.8% of GDP in 2016 to 9% in 2020. Similarly, private investment will increase from 12.5% ​​in 2016 to 15.5% in 2020. These investments have been carefully chosen around powerful crosscutting (security, governance, justice, health, education and environment) and vertical (agriculture, energy, mining, oil, industry, tourism and the financial sector) growth drivers.

Côte d’Ivoire is calling on the international community to support its efforts in the NDP implementation. To that end, with support from the World Bank, the European Union, the African Development Bank and the United Nations System, the Government will, under the effective chairmanship of H.E. the President of the Republic, organize an Advisory Group (AG) meeting on 17 May 2016 at the World Bank Office in Paris, with the first day being devoted to development partners, and on 18 May 2016 at MEDEF headquarters in Paris, the second day being reserved for private investors.


OBJECTIVES OF THE ADVISORY GROUP (AG) MEETING

The major objective of the AG meeting is to share, with all partners, Côte d'Ivoire’s vision in the NDP and mobilize public and private external financing required for implementation of the Plan. In addition to this major objective, there are also specific objectives, in particular:

  • offer the Government an international platform to present its vision and strategy to achieve the objectives of growth and development;
  • obtain financing commitments from traditional development partners and emerging countries (China, Arab Fund, bilateral and commercial loans from BRICS countries);
  • present investment opportunities in growth sectors and capture the investments that would be required;
  • secure funding to fill the annual financial gap needed to cover the total NDP financing;
  • strengthen coordination, harmonization and partnership between the Government, bilateral and multilateral donors, and private investors;
  • strengthen links with "non-traditional" partners and investors, such as sovereign wealth funds and emerging countries; and
  • establish a monitoring system for commitments and financial flows, as well as a monitoring mechanism for NDP implementation.
  • EXPECTED OUTCOMES

As regards the outcomes, the AG meeting should enable the Government to obtain commitments from public and private partners to finance the additional requirements for NDP 2016-2020 implementation. More specifically, the following outcomes are expected:

  • ownership of the government’s development vision by development partners, and their alignment with the vision;
  • confirmation of sources of external financing already acquired and coverage of the 2017-2020 financial gap;
  • financing of projects negotiated and obtained from private and/or institutional investors;
  • additional resources to cover the financial gap;
  • enhancement of coordination, harmonization and partnership between the Government, bilateral and multilateral donors, and private investors;
  • strengthening of links with "non-traditional" partners and investors, such as sovereign wealth funds and emerging countries; and
  • strengthening of the monitoring system for commitments made for the NDP implementation, as well as the monitoring mechanism already determined by the development strategy 



    NDP COST AND FINANCING STRATEGY

The total investments to be made over the 2016-2020 period stand at 30,000 billion CFA francs (50 billion US dollars), of which 1 643.7 billion CFA francs (2.7 billion US dollars) for public investment in 2016. Private investments are projected at 2 633.5 billion CFA francs in 2016.

The total investments to be made over the 2017-2020 period stand at 25 722.8 billion CFA francs (42.9 billion US dollars), of which 9 640.6 billion CFA francs (16 billion US dollars) for the public sector and 16,082 billion CFA francs (26.8 billion US dollars) expected from the private sector.

Under NDP 2016-2020, public savings are estimated at 5 215.6 billion CFA francs (8.7 billion US dollars). There are financing requirements for public investment amounting to 4 425.2 billion CFA francs (7.4 billion US dollars) over the 2017-2020 period, to be mobilized during the first day of the Consultative Group meeting.

 

Table 1: Indicative Investment Financing Plan

 

TOTAL

2016

2017

2018

2019

2020

Non-grant revenue

24 699.2

4078.7

4 352.4

4855.2

5415.9

5996.8

Total non-investment  expenditure and net loans

18 915

3 510.2

3 613.4

3 753.5

3 901.1

4 136.7

Total Investment

30 000

4 277.2

5 148.5

6 000.3

6 847.3

7 726.7

  Public (A)

11 284.4

1 643.7

1 950.7

2 286.3

2 560.4

2 843.4

   Private

18 715.6

2 633.5

3 197.9

3 714

4 286.9

4 883.2

Public Savings (B)

5 784.2

568.54

739

1101.7

1514.8

1860.2

Public financing requirements (C=B-A)

-5500.4

-1075.2

-1211.7

-1184.6

-1045.6

-983.3

Sources: MEMPD/ DGPLP, MPEF/ DCPE, MPBFP


ROLE OF THE PRIVATE SECTOR

One of the specific points of the Advisory Group meeting is the role that the private sector will play in financing the NDP implementation, particularly as regards major core projects, industry and agribusiness. Beyond the physical implementation of the projects, the private sector will be the main driver of one of the NDP objectives, which is the creation of thousands of decent and stable jobs, especially for the youths. In this light, a special session dedicated to the private sector will be organized during the Advisory Group meeting so as to avoid any risk of dilution and particularly highlight the importance attached to private investment by the Government. This session will also be an opportunity to present a number of mature or maturing projects that can be implemented by the private sector or under Public Private Partnership (PPP)



TARGET PUBLIC

The target public of the AG meeting are policymakers, political and economic senior officials, investors and international partners, in particular:

  • multilateral partners;
  • bilateral partners;
  • private investors;
  • sovereign wealth funds; and
  • other innovative sources of financing.
  • MANAGEMENT OF THE ADVISORY GROUP

By Order No. 277/PM/CAB of 7 April 2016, the Organizing Committee of the Consultative Group (OC-CG) for financing the 2016-2020 National Development Plan (CO-GC) was established under the authority of the Prime Minister. The CO-AG is the advisory and coordinating body for all activities related to the preparation and organization of the Advisory Group meeting for mobilizing the financial and technical resources required for financing and implementing NDP 2016-2020. The CO-AG has the following four bodies:

  • The Steering Committee which is responsible for supporting the Government in preparing and organizing the Advisory Group meeting for financing NDP 2016-2020. The Steering Committee is chaired by the Prime Minister. The Minister of Planning and Development is the Vice-Chair.
  • The Technical Committee assists the Steering Committee in performing its duties. The Technical Committee is chaired by the Office of the Minister of Planning and Development.
  • The Technical Secretariat is the technical and operational organ for the preparation and organization of the Consultative Group meeting. The Technical Secretariat is coordinated by the Director General of Planning and Poverty Reduction.
  • The Technical and Financial Partners’ Group is responsible for facilitating, providing technical and financial support, and mobilizing all partners that can be associated with the Advisory Group. This group is coordinated by the Chairperson of the Cooperation Leaders’ Group of Technical and Financial Partners in Côte d’Ivoire.
  • ORGANIZATION OF THE CONSULTATIVE GROUP MEETING

The Consultative Group meeting will be held on 17 and 18 May 2016 in Paris. The choice of this city lies in the fact that it offers the advantage of proximity for the entire target public, and that the World Bank is willing to offer its premises for the meeting.

The Consultative Group meeting will comprise plenary sessions, group sessions, panels for sharing experiences on business opportunities in Côte d'Ivoire, and meetings between investors (B to B meetings), between investors and government authorities (B to G meetings), and meetings and discussions between the participants.

The first day will be devoted to bilateral and multilateral development partners. The day will be an opportunity for the Ivorian authorities to make a presentation of the technical support for the ambition to be an emerging country by 2020. It will also enable development partners to share their experiences about Côte d’Ivoire based on their respective mandates, and provide support for the investment strategy and plans presented by the Ivorian Government.

At the end of discussions, the partners will announce their financial commitments to support Côte d'Ivoire on its path to emergence by 2020.

The second day will be dedicated to investors. It will be devoted to presentations in plenary session on: (i) the business environment in Côte d'Ivoire; (ii) business opportunities in Côte d'Ivoire; and (iii) the core projects portfolio of NDP 2016-2020. The investors will subsequently be divided into working group panels to deepen their understanding of the projects and programmes presented.

With the support of all development partners, in particular:
Banque mondiale
Fonds Monétaire International
Banque Africaine de Développement
ONUCI
Union Européenne
Banque Islamique de Développement
  • logo-banque-mondiale
  • logo-FMI
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  • logo-ONUCI
  • logo-UE
  • logo-BID