Cote d'Ivoire DPO3 Guarantee

The development objective of Third Investment for Growth Development Policy Financing Project for Côte d'Ivoire is to: (1) strengthen competition in key enabling sectors and domestic revenue mobilization; (2) expand equitable access to health and education services; (3) promote the sustainable use of natural resources. In December 2021, Côte d’Ivoire adopted the National Development Plan (PND) 2021-2025, as its main strategic planning document to sustain high economic growth and inclusion in the medium-term. This operation directly supports the first three categories of actions of the PND and is aligned with the country’s climate change commitments and the Paris Agreement. The operation also supports outcome area four of the new corporate score card: effective macroeconomic and fiscal management. By improving tax revenue collection, it supports a stable fiscal environment that can help government manage debt and marshal resources to deliver services such as health, education, and infrastructure. The operation has three pillars: Pillar 1: Strengthen competition in key enabling sectors and domestic revenue mobilization; Pillar 2: Expand equitable access to health and education services; and Pillar 3: Promote the sustainable use of natural resources.