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US$308 Million Grant to Côte d’Ivoire Clears Arrears to the World Bank Group and Triggers Strong Re-engagement

The World Bank Board of Executive Directors approved a grant for US$308 million to the Republic of Côte d’Ivoire to clear its arrears dating from 2004 to the World Bank Group and provide US$35 million in budget support.  This operation paves the way for a strong re-engagement by the World Bank with a further US$226.5 million to support Côte d’Ivoire’s post-conflict reconstruction efforts, especially in the areas of economic reform, governance, community rehabilitation, and the provision of...

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