Cote d'Ivoire: Economic Governance & Recovery Grant (EGRG) II

closed

The Second Economic Governance and Recovery Grant (EGRG II) Project for the Republic of Cote d'Ivoire contributes to the government's capacity to: (1) improve public financial management and control; and (2) help enhance governance, transparency, and efficiency in the energy, cocoa, and financial sectors. Outcome expected upon Project completion include: (i) improved rate of transposition of West African Economic and Monetary Union (WAEMU) guidelines and international standards in the national procurement regulatory framework and extension of the Integrated Public Finance Management System (SIGFP) to the remaining 10 departments; (ii) reduced operating costs of the four cocoa sector entities, and a roadmap for the preparation of a new strategy for cocoa sector reform implemented; (iii) completion of the Extractive Industry Transparency Initiative (EITI) draft annual report; and (iv) decrease in the ratio of insider lending to National Investment bank (NIB) net worth.