Côte d’Ivoire secures record foreign investments to boost 2030 growth plan

With a historic surge in international funding, Côte d’Ivoire has surpassed all expectations by securing over 80 billion dollars in commitments for its ambitious National Development Plan (NDP) 2026-2030. The announcement, made during a high-profile investor forum in Abidjan, underscores the country’s economic resilience and growing appeal to global markets.

Economic momentum drives investor confidence

Côte d’Ivoire’s ability to attract such substantial foreign investments stems from its strong macroeconomic performance, with an average annual growth rate of 6.5% over the past decade. The country has successfully transitioned from post-crisis recovery to a stable and dynamic economy, making it one of West Africa’s most attractive destinations for capital.

The two-day Abidjan forum brought together government officials and hundreds of domestic and international investors to finalize funding for critical projects outlined in the NDP. These initiatives span security enhancements, agricultural modernization—which contributes 20% to the GDP—support for emerging national champions, and large-scale infrastructure developments, including a high-speed rail network.

Partners commit four times the expected funding

Initially targeting approximately 20 billion dollars in public financing, Côte d’Ivoire achieved four times that amount through commitments from major international backers. Key partners include the World Bank, African Development Bank (AfDB), and the European Union, all of which have pledged substantial contributions.

Minister of Planning Souleymane Diarrassouba highlighted the overwhelming response: “Nearly all our economic indicators are in the green, and we anticipate over 70% of the NDP’s funding—more than 147 billion dollars—will come from the private sector.” The total estimated funding for the NDP now stands at 209 billion dollars, with significant contributions also expected from the Ivorian state.

Proven financial credibility

The country’s financial credibility was further reinforced earlier this year when it raised 1.3 billion dollars through international bond issuance at exceptionally favorable interest rates for an emerging economy. Additionally, the International Monetary Fund (IMF) recently approved a disbursement of nearly 833 million dollars under multiple assistance programs, citing Côte d’Ivoire’s resilient economy.

While the IMF projects a slight economic slowdown—from 6.5% growth in 2025 to 6% in 2026—it expects inflation to stabilize around 3.3% this year. Côte d’Ivoire’s economic diversification efforts, including recent discoveries in mining, gas, and oil, are also expected to play a pivotal role in sustaining long-term growth.