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Cote d'Ivoire

IDA Meeting Takes Stock of Progress, Next Steps

Axel van Trotsenburg's picture

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IDA16 Mid-Term Review
Photo: IDA16 Mid-Term Review, right to left, President Alassane Ouattara, Republic of Côte d’Ivoire, President Ellen Johnson Sirleaf, Republic of Liberia, and Axel van Trotsenburg, Vice President of the World Bank, Concessional Finance & Global Partnerships. Credit: Abidjan.net

Two weeks ago, a consortium of donor and borrower countries met to take stock of progress on meeting commitments made by IDA, the World Bank's fund for the poorest countries. (Not sure what IDA is? Click here.) This meeting was an important check-in at the half-way point in what is known as IDA16—a three-year period running from July 1, 2011 to June 30, 2014, during which special grant and soft loan financing is made available for life-changing works in the world's 81 poorest countries.

The meeting was hosted by Côte d'Ivoire, our first mid-term meeting held in a client country. The talks were attended by IDA Deputies and Borrower Representatives, individuals appointed to represent their governments on IDA.

How Does a Fragile State Lose Its Fragility? Lessons From Cote d’Ivoire

Jim Yong Kim's picture
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ABIDJAN, Cote d’Ivoire – At a jobs training center in this key capital city in West Africa, a young man showed me his newfound skills as an electrician. At a workshop, light bulbs flickered on and off. And then he told me something really important:

“It’s been 10 years since I graduated with my secondary school degree, and because of our conflict, I have never held a job. So this is a blessing to me,” said the young trainee. “But my brothers and sisters and so many people haven’t had this opportunity. I wonder how they can get jobs, too.”

African ministers address financial crisis

Sameer Vasta's picture

At a recent press conference, three African finance chiefs chastised international credit rating agencies for failing to forecast the global financial crisis and challenged international financial institutions to do a better job of monitoring the global economy and of holding rich and developing countries accountable in the same way.

The Ministers from Zambia, Cote d’Ivoire and Tanzania spoke about the crisis and its effect on Africa. Mustafa Mkulo, Tanzania’s Minister for Finance and Economic Affairs, said:

"This crisis has come when African governments have taken broad based measures to reform their economies, followed by significant achievements. It is now threatening to wipe out our gains of the past ten years and disrupt all our plans for further progress."

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