Ivory Coast could benefit from 500 million dollars, or approximately 297 billion FCFA, in financing from the OPEP Fund for International Development over the 2026-2029 period. This package is supplemented by up to 3 million dollars in grants, representing nearly 1,8 billion FCFA.
This partnership aims to support investments in infrastructure, economic transformation, and job creation, in alignment with the country's development ambitions for 2030. The framework agreement was signed on October 16, 2026, in Bangkok, Thailand, on the sidelines of the annual meetings of the World Bank and the International Monetary Fund (FMI), by the President of the OPEP Fund, Abdulhamid Alkhalifa, and the Ivorian Minister of Planning and Development, Souleymane Diarrassouba.
It is in line with the guidelines of the National Development Plan (PND) 2026-2030, which is intended to support the transformation of the Ivorian economy and its ambition to achieve upper-middle-income economy status by the end of the decade. See also- Ivory Coast: The OPEP Fund announces 500 million USD to support PND 2026-2030.
The partnership strategy is based on two main pillars. The first concerns the development of infrastructure capable of better resisting the effects of climate change, particularly in the energy, water, sanitation, transport, and health sectors.
The second focuses on the transformation of the economic fabric through agricultural development, support for the private sector, improved access to financing, vocational training, and the strengthening of institutions. To implement these priorities, the OPEP Fund plans to mobilize several instruments, including public and commercial sector loans, grants, and technical assistance.
The objective is notably to contribute to attracting additional investment and expanding economic opportunities in disadvantaged communities. The announced amount, however, constitutes a potential envelope for the four years of the partnership, rather than funding entirely disbursed upon the signing of the agreement.
See also- The OPEP Fund will mobilize 1,5 billion dollars by 2030 for developing countries. ''Ivory Coast is an important partner and we foresee considerable opportunities to develop our cooperation'', stated Abdulhamid Alkhalifa, highlighting the institution's willingness to support infrastructure, public services, and economic activities.
This new strategy builds on cooperation initiated in 1982, during which the OPEP Fund approved more than 530 million dollars in public and private financing for the country. On an international scale, the institution, created in 1976, indicates that it has invested more than 32 billion dollars in development projects across more than 125 countries.
Fanuelle YAO. Published on 16/10/26 17:12.
The Editorial Staff