| Project Detail |
The project will finance the countrys membership capital increase in the African Trade and Investment Development Insurance (ATIDI)s equity. Through this operation, Cote dIvoire will get additional access to ATIDIs guarantee and trade insurance products for private and public sector investments in the country.
Objectives
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 countrys 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 countrys Environmental, social, and governance (ESG) strategy and the EU policy for Côte dIvoire. 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).
Sector(s)
Services - Financial and insurance activities
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 105 million |
