The World Bank Provides More Than CFAF 500 Billion for Cte D'Ivoire in 2019

The World Bank (WB) plans to support ten new projects in Cte dIvoire for US $ 900 million, or CFAF 505.48 billion in fiscal year 2019, said Abidjan, its director of operations for the country. country, Pierre Laporte.

Ten new projects are planned to be approved in 2019, representing a total of 900 million US dollars (505.481 billion CFA francs), said Pierre Laporte, during a press conference on the premises of the World Bank Abidjan.

said that during the fiscal year 2018, which began on July 1, 2017 to end June 30, 2018 11 new projects were approved for an amount of US $ 1.218 billion or 683 billion FCFA, adding that the country has crossed for the first time the US $ 1 billion mark

The rate of disbursement by the Ivory Coast stood at 15.4% in 2018 compared to 37% the previous year. According to Mr. Laporte the operations of the Ivorian State are satisfactory, however, the 20% objectives set by the region for each country have not been achieved.

The net amount disbursed by the projects, including budget support, is 243, 59 million US dollars or 136 billion CFA francs, he continued. The state should do more to ensure that it balances the budget. The country's debt reached 47% of gross domestic product (GDP), a moderate risk according to the WB.

AP / ls / APA