COTE D'IVOIRE - Inclusive Governance and Economic Transformation Support Programme - PHASE I (PATEGI-I)

Management hereby submits the following report and recommendation on the proposal to grant an ADB loan of EUR 30,500,000 to the Republic of Côte d'Ivoire to finance the Inclusive Governance and Economic Transformation Support Programme Phase I (PATEGI-I). This programme is designed as a UA 75 million (equivalent to EUR 91.5 million) multisector programme support operation, covering the years 2024, 2025 and 2026. It is in response to a request made to the Bank by the Government of Côte d'Ivoire in April 2024. In line with the National Development Plan (NDP) 2021-2025, and in order to support and finance economic transformation, one of the government's priorities is to mobilise more resources and attract private sector investment in essential infrastructure. PATEGI will support the Government in these efforts, with particular focus on the transport and energy sectors, which are critical to the country's development, as well as being two priority sectors in the Bank's Country Strategy Paper 2023-2028 and key to the country's green transition. The programme is co-financed by the OPEC fund. The loan will be used to bridge part of the financing gap in the 2024 budget, estimated at XOF 1,775 billion, or around UA 2.2 billion (IMF, July 2024).