Côte d'Ivoire Compact

Côte d’Ivoire experienced political instability and economic decline throughout the 1990s and 2000s. Between 2012-2019, political stability and policy reforms have allowed the economy to recover from years of stagnation, with an average annual GDP growth rate of eight percent during that period. This progress can be seen in the reduction of the poverty rate from 46.3 percent in 2015 to 39.5 percent in 2018, based on World Bank statistics.

The MCC Board of Directors approved a $524.7 million compact for Côte d’Ivoire at its quarterly board meeting in September 2017. In February 2022, the MCC Board of Directors approved a one-year, $12 million extension to address delays due to the COVID-19 pandemic. The Government of Côte d’Ivoire is expected to provide an additional $22 million to support the feasibility and sustainability of the compact. The program supports the country’s efforts through two projects that address key binding constraints to economic growth with investments in the education and transportation sectors.

Financials

Created with Highcharts 11.2.0Grant Expended:$235,690,541 (43.91%)Grant Committed:$428,590,219 (79.85%)Grant Total:$536,740,000 (100.00%)

Financials as of June 30, 2024

Program Budget

Created with Highcharts 11.2.0Monitoring & EvaluationProgram AdministrationAbidjan Transport ProjectSkills for Employability and ProductivityProject

Milestones

  • Signed:
    November 7, 2017
  • Entry Into Force:
    August 5, 2019

Program Projects

As of Mon Apr 15 2024 10:08:00 GMT+0000 (Coordinated Universal Time)