Ivory Coast Unveils US$206 Billion Development Plan Targeting Upper-Middle-Income Status

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Ivory Coast
Ivory Coast

The Ivorian government unveiled its National Development Plan (PND) for 2026 to 2030 on Wednesday, February 4, 2026, projecting total investment of 114,838.5 billion CFA francs, equivalent to approximately 206.5 billion United States dollars, to accelerate the country’s economic and social transformation.

The new plan targets average economic growth of 7.2 percent over the 2026 to 2030 period, according to government spokesperson Amadou Coulibaly. The investment rate is expected to reach 25.4 percent of the country’s gross domestic product (GDP) in 2026 before rising to 34.5 percent of GDP by 2030.

The private sector is expected to provide 70.2 percent of total investment, while the public sector will contribute 29.8 percent, with public financing needs estimated at 38,000 billion CFA francs. This participatory approach has helped clarify priorities in governance, structural transformation of the economy, strengthening human capital, innovation, technology and private sector development.

The overall investment volume represents an increase of about 95 percent compared with the PND 2021 to 2025, which has already achieved an execution rate of 77.1 percent with 45,500 billion CFA francs invested out of the planned 59,000 billion.

Through the implementation of the new plan, the government aims to build a stable, ambitious and united nation and to elevate Côte d’Ivoire to upper-middle-income country status by 2030, according to Coulibaly.

The 2026 to 2030 National Development Plan rests on six pillars, including security, agricultural modernization, promotion of private investment, development of human capital, development of strategic infrastructure and promotion of good governance.

On the operational level, the plan relies on a major reform matrix covering 22 priority areas and includes a portfolio of flagship projects spanning all sectors of the economy. The government has also strengthened a monitoring and evaluation framework to support implementation.

The 2030 vision aims to increase the average income per capita from 1,722 dollars in 2010 to 2020 to approximately 4,000 dollars by 2030, while making economic growth more inclusive. The plan also targets reducing the national poverty rate to less than 20 percent by 2030.

The Prime Minister highlighted the progress made since 2011, with a decrease in the poverty rate from 55 percent in 2011 to 37.5 percent in 2021, despite challenges such as the COVID-19 pandemic and geopolitical tensions.

The Council of Ministers highlighted social and generational objectives in its official statement, noting that the new 2026 to 2030 National Development Plan takes into account the legitimate aspirations of young people for a better future and the imperatives of inclusive and sustainable development.

Priority areas include improving productivity, particularly in the agricultural sector, promoting international trade, integrating into global value chains and strengthening the business environment to attract more foreign direct investment. The plan also emphasizes social protection, universal employment including for vulnerable and informal workers, and a strengthened partnership between the state and the private sector in developing human capital.

Public financing will be mobilized notably through the financial market and a future consultative group, according to government sources. Since 2012, Côte d’Ivoire has implemented three National Development Plans to support its economic transformation and has become one of the fastest-growing economies in Africa, with average growth rates exceeding 7 percent in recent years.

The adoption of the 2026 to 2030 National Development Plan positions Côte d’Ivoire as a key player in economic development in West Africa and demonstrates the country’s commitment to achieving its long-term development objectives aligned with the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063.

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