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Africa Growing Together Fund provides €45 million loan to Côte d’Ivoire for DAICE Programme in 2023
| Funder | People's Bank of China (PBC) |
|---|---|
| Recipient Organization | Government of Côte d'Ivoire (Ivory Coast) |
| Country | Cote d'Ivoire |
| Start Date | Dec 06, 2023 |
| End Date | May 06, 2026 |
| Duration | 882 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 103726 |
Grant Description
Africa Growing Together Fund provides €45 million loan to Côte d’Ivoire for DAICE Programme in 2023 On May 22, 2014, the African Development Bank (AfDB) and the People's Bank of China (PBOC) signed an agreement for the Africa Growing Together Fund (AGTF) (see Umbrella Record ID#36104). The purpose of this $2 billion loan facility was to finance large development projects in Africa between 2014 and 2024.
The AGTF is sponsored by the PBOC and the administered by AfDB.
Then, on December 6, 2023, the African Development Bank approved two loans to Côte d’Ivoire: one of €120 million and a second, of €45 million, from the Africa Growing Together Fund, captured in this record.
The loan is intended to go towards Côte d’Ivoire's Diversification, Industrial Acceleration, Competitiveness and Employment (DAICE) Programme.
This program aims to support reforms and investments in the public assets needed to develop the private sector, to reduce risk the financing of small and medium enterprises and start-ups, promote transition in the industrial sector, support the competitiveness of enterprises and their exports, and create jobs.
The DAICE programme is part of Côte d’Ivoire’s National Development Plan 2021-2025.
Sources & References
- Côte d’Ivoire: African Development Bank approves €165 million in loans to accelerate industrial diversification and boost competitiveness and job creation
- Appraisal: REPUBLIC OF COTE D'IVOIRE RESULTS-BASED PROGRAMME DIVERSIFICATION
- ACCELERATED INDUSTRIALISATION
- COMPETITIVENESS AND EMPLOYMENT (DAICE) PROGRAMME Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Côte d'Ivoire (Ivory Coast)
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