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Côte d’Ivoire secures $465mn World Bank-backed loan as debt strategy evolves

Adjamé Market, Abidjan, Ivory Coast. Photo by Eva Blue @ Unsplash
Adjamé Market, Abidjan, Ivory Coast. Photo by Eva Blue @ Unsplash

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Abidjan raises $465mn AAA-rated facility, first sovereign deal with World Bank guarantees
  • Proceeds to fund renewable energy expansion and forest restoration

 

ABIDJAN, CÔTE D’IVOIRE – Côte d’Ivoire has raised $465 million in its debut sustainability-linked loan, a pioneering transaction that combines guarantees from two World Bank agencies to secure a AAA rating – first sovereign deal of its kind globally.

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