Covid-19: the WB grants a loan of 163.5 billion CFA francs to Côte d’Ivoire

This budget support aims to “support reforms” and promote a sustainable economic recovery, in addition to strengthening the measures already in place to support households and businesses impacted by the pandemic, and to strengthen transparency in the management of public finances and Covid-19 emergency funds.

“The Covid-19 pandemic continues to affect lives and the economy of the country. This operation reinforces the World Bank’s support for the response measures undertaken by the government to save lives, come to the aid of the most disadvantaged and support companies to cope with the impacts of the crisis ”, declared Coralie Gevers, director of World Bank operations for Côte d’Ivoire, Benin, Guinea and Togo.

“This operation also supports the reforms adopted by the government to stimulate investment and thus contribute to a resumption of economic activities and inclusive and sustainable growth,” said the Director of World Bank operations for the Côte d ‘. Ivory.

This fund should in particular make it possible to carry out structural reforms on access to land with the digitization of the land system and the acceleration of the procedure for issuing Final Concession Orders (CDA); credit guarantees to SMEs through the creation of a credit guarantee fund for small and medium-sized enterprises, with the support of the International Finance Corporation (IFC); transparent debt management.

To help low-income and middle-income countries cope with the health, social and economic consequences of the Covid-19 pandemic, the Bank has approved an envelope of $ 12 billion to help countries secure the purchase and the distribution of anti-Covid vaccines, tests and treatments and to strengthen their vaccination systems.

This funding is part of the wider World Bank Group response to the pandemic, which is currently helping more than 100 countries to strengthen their health systems, protect the poorest households and set the conditions. conducive to the preservation of livelihoods and employment for the populations most affected.

Founded in 1960, the International Development Association (IDA) is the World Bank institution that helps the poorest countries on the planet. It provides grants and low-interest or interest-free loans for projects and programs that stimulate economic growth, reduce poverty and improve the lives of the poor.

IDA is one of the major donors to the 76 poorest countries on the planet, 39 of which are in Africa.

AP / ls / APA

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