Team Europe Commits €8.2 Billion to Support Côte d'Ivoire's 2026–2030 Development Plan

The Team Europe will mobilize €8.2 billion (approximately CFA 5.38 trillion) to support the implementation of Côte d'Ivoire's 2026–2030 National Development Plan (NDP), European Union Ambassador to Côte d'Ivoire Irchad Ramiandrasoa Razaaly announced on Thursday during the Consultative Group meeting dedicated to financing the program.

The pledge ranks among the largest financing commitments made by development partners gathered in Abidjan to support the country's new five-year development strategy.

The announcement comes as the Ivorian government sought to mobilize CFA 11.138 trillion from international development partners to complement the financing of the plan, whose total cost is estimated at CFA 114.838 trillion (nearly $209 billion). The NDP relies primarily on private sector investment, which is expected to finance 70.2% of the planned investments, while the public sector will cover the remaining share.

The Consultative Group concluded with commitments far exceeding the government's expectations. At the close of the first day of discussions, Vice President Tiémoko Meyliet Koné announced that financial commitments had surpassed CFA 47 trillion (nearly $80 billion), representing almost four times the amount initially sought from external partners. According to figures released by the government, total pledges ultimately reached CFA 47.82 trillion.

Speaking on behalf of Team Europe, EU Ambassador Irchad Ramiandrasoa Razaaly said the financial commitment reflects "the strong relationship of trust" between the European partners and Côte d'Ivoire, as well as their shared determination to support the country's next phase of economic development.

"The 2026–2030 National Development Plan marks a new chapter in Côte d'Ivoire's remarkable development journey. The European Union is fully committed to supporting this ambition," the ambassador said.

The European financing forms part of the Global Gateway strategy, the European Union's flagship initiative to finance sustainable infrastructure and strengthen economic partnerships with partner countries. In Côte d'Ivoire, investments will focus primarily on energy, transport and mobility, agribusiness, vocational training, private sector development, and job creation, particularly for young people. A first €1 billion investment package had already been announced in March to lay the groundwork for this strengthened partnership around the National Development Plan.

The new NDP sets ambitious objectives for the next five years. The government is targeting average annual economic growth of 7.2%, a GDP per capita of $4,500 by 2030, and a reduction in the poverty rate to below 20%, down from 37.5% in 2021. The plan also aims to accelerate industrialization, modernize infrastructure, develop human capital, and strengthen climate resilience in order to elevate Côte d'Ivoire to upper-middle-income country status by 2030.

Team Europe's contribution further reinforces the European Union's position as one of Côte d'Ivoire's leading development partners. Brussels also intends to mobilize private capital through risk-sharing mechanisms and innovative financing instruments to support major strategic projects in the areas of energy, regional transport corridors, and agricultural value chains.