The recent portfolio review conducted in Abidjan between Côte d’Ivoire and the African Development Bank (ADB) marks a pivotal milestone in the country’s growth strategy. This process has been essential for assessing the impact of funded projects and reinforcing collaboration on initiatives that continue to transform the Ivorian economy.
A portfolio review is a strategic exercise in which the ADB and governments assess the status of ongoing projects, identify challenges, and adjust strategies to maximize their impact. This process helps improve the efficiency of investment execution, ensure the achievement of development goals, and optimize the use of financial resources. For Côte d’Ivoire, the review has been crucial in maintaining the pace of economic growth and strengthening cooperation with the ADB.
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With 38 active projects and a total investment of 1.883 billion CFA francs (approximately 2.976 billion USD), Côte d’Ivoire has experienced a 500% increase in funding over the last decade. This growth reflects the ADB’s confidence in the country’s stability and economic outlook, driving key sectors such as infrastructure, transportation, and agro-industry. A notable example is the Abidjan Urban Transport Project, which has significantly improved mobility and productivity in the capital, easing commuting and reducing travel times for thousands of citizens. Additionally, agro-industrial centers are enhancing food security and promoting rural employment, strengthening the country’s agricultural value chain.
The review confirmed progress in project implementation, with a reduction in the percentage of initiatives facing difficulties from 38% to 20% in just three months. This progress is crucial in ensuring the efficiency of investments and their direct impact on socio-economic development. However, the Ivorian government continues to work on optimizing procurement and auditing processes, setting strategic measures such as consolidating audits before June 2025 to maintain the momentum of execution.
For Côte d’Ivoire, this review is more than an administrative exercise: it is a recognition of its leadership in sustainable development and its ability to manage large-scale investments. Minister of Economy, Planning, and Development, Nialé Kaba, emphasized the importance of expanding ADB support to strategic sectors such as health, access to potable water, and housing, which are vital for improving the population’s quality of life and strengthening economic stability. “This process reaffirms our growth vision and positions Côte d’Ivoire as a development model in Africa,” said Kaba.
The collaboration between Côte d’Ivoire and the ADB continues to strengthen, ensuring that each investment has a direct impact on the well-being of the population and the country’s economic resilience. “We are proud of Côte d’Ivoire’s progress and remain committed to supporting its development with tangible results,” concluded Lamin Barrow, ADB Director General for West Africa.