The World Bank will disburse $ 1.5 billion for Côte d’Ivoire. On an official visit to Abidjan, Makhtar Diop, the institution’s vice president for Africa, made the announcement on 22 March to Ivorian President Alassane Ouattara during a hearing.
The institution will release $ 200 million to support a project in the cashew sector and $ 300 million in funding for the cocoa sector.
Also, Makhtar Diop announced that the World Bank Group will make $ 1 billion available to the country by June to support its development efforts.
Another subject discussed is the interconnection of electricity grids in the West African sub-region of which Côte d’Ivoire is a central player and for which the institution intends to lend its support.
During his stay in Ivory Coast, Makhtar Diop will visit INPHB, the Houphouët-Boigny National Polytechnic Institute in Yamoussoukro, a higher education institution whose World Bank wants to reinforce the international reference status for high-level training of young Africans.
It will also launch the “Sports for Development” initiative, as the institution is committed to integrating sport into some of its programs in the country.
