According to the Bank’s website, the project will finance the country's membership capital increase in the African Trade and Investment Development Insurance (ATIDI)'s equity. Through this operation, Cote d'Ivoire will get additional access to ATIDI's guarantee and trade insurance products for private and public sector investments in the country.

The operation will benefit :
i) local private sector actors, including micro, small and medium-sized enterprises (MSMEs), by providing an extensive set of financing tools for investment and trade;
ii) foreign investors, by enhancing access to foreign direct investment (FDI) for the country's economy.

In addition, ATIDI can support Public-Private Partnerships (PPPs) projects complementing funding from development finance institutions (DFIs) and commercial banks, for example in the energy sector.

With a focus on its low carbon transition initiative (up to 75%), the operation is in line with the country's Environmental, social, and governance (ESG) strategy and the EU policy for Côte d'Ivoire. The operation also aim at supporting on a best effort basis the sustainable cocoa sector. Hence, the project contributes to several Sustainable Development Goals (SDGs), such as inclusive economic growth (SDG 8), poverty reduction (SDG 1) and climate action (SDG 13).

The African Trade & Investment Development Insurance (ATIDI) is an investment, trade and political risk-mitigation institution on the African continent intended to provide insurance against political (investment) and commercial risks in order to attract foreign direct investment to the region. ATIDI was founded in 2001 by seven COMESA countries, with technical and financial backing of The World Bank.

Contact: Anne-Cécile Auguin
Email: a.auguin@eib.org
Phone: +352 4379 - 83330

Contact: Isabelle Vovor
Email: i.vovor@ext.eib.org
Phone: +352 4379 - 70104

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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