FINANCING OF THE PND 2021-2025: ABIDJAN HOSTS AN ADVISORY GROUP ON JUNE 15, 2022

Abidjan, May 5, 2022 - On the initiative of the Government and with the support of the World Bank, the European Union, the African Development Bank and the United Nations System, the Government is organizing under the Presidency of the Chief of the State, Alassane Ouattara, a Consultative Group (GC) to be held on June 15, 2022, at the Sofitel Abidjan Hôtel Ivoire.

This Advisory Group aims to share with all partners the vision of Côte d'Ivoire contained in the National Development Plan (PND) for the period 2021-2025. It mainly aims to mobilize public and private external financing, necessary for the implementation of the said Plan which requires a level of investment of around 59,000 billion FCFA, including approximately 43,646.4 billion FCFA for the sector. private or 74%.

This Advisory Group will provide the Government with an international platform to present its vision and strategy to achieve the country's growth and development objectives; to obtain financing commitments from traditional development partners and those of emerging countries (China, Arab Funds, bilateral aid and commercial loans from BRICS countries, etc.).
It will also be an opportunity for the Government to present investment opportunities in sectors with growth potential and capture the resulting investments. It will also be a question of securing funding to fill the annual financial gap necessary to complete the overall financing of the PND and to strengthen coordination, harmonization and partnerships between the Government, bilateral and multilateral donors and private investors.

The CG should also make it possible to strengthen links with “non-traditional” partners and investors such as sovereign wealth funds and emerging countries and set up a system for monitoring commitments and financial flows integrated with the mechanism for monitoring the implementation of the NDP.
The Consultative Group will be structured around plenary sessions, group sessions, panels, sharing of 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 free exchanges between participants.
It will bring together around the Government, bilateral and multilateral donors as well as sovereign wealth funds. Thematic sessions in the form of Panels will be oriented towards private investors and will aim to present them with the investment and Public-Private Partnership opportunities offered by Côte d'Ivoire within the framework of the implementation of the PND 2021-2025 and of the 2030 vision.

The overall objective of the PND 2021-2025 is to achieve the economic and social transformation necessary to raise Côte d'Ivoire, by 2030, to the rank of upper middle-income country. This plan is structured around six (06) pillars. These include (i) accelerating the structural transformation of the economy through industrialization and cluster development; (ii) development of human capital and promotion of employment; (iii) private sector and investment development; (iv) strengthening of inclusion, national solidarity and social action; (v) balanced regional development, preservation of the environment and the fight against climate change; (vi) strengthening of governance, modernization of the State and cultural transformation.

The implementation of the PND 2021-2025 with a view to accelerating the industrialization of the country and ensuring a better distribution of the fruits of growth within the population should lead to an average growth rate over the period of 7, 65%.

As a reminder, two (02) national development plans, PND 2012-2015 and 2016-2020 have been developed and implemented in line with the prospective study "Côte d'Ivoire 2040".
The implementation of the 2012-2015 PND has made it possible to reposition Côte d'Ivoire among the countries with the strongest economic performance, with an average annual GDP growth rate of 9.6% over the period. As for the 2016-2020 PND, its implementation has enabled the country to continue its development momentum over the 2016-2019 period, despite an unfavorable global context marked in particular by trade tensions and the fall in commodity prices. .
Economically, the real GDP growth rate averaged 6.9%, well above that of sub-Saharan Africa. Per capita income thus increased by 13.6?tween 2016 and 2019, to stand above 1,700 dollars, higher than those of Nigeria and Ghana.