Côte d'Ivoire - Business Climate Improvement Support Programme for the Structural Transformation of the Ivorian Economy (PACA-CI)

Côte d'Ivoire - Business Climate Improvement Support Programme for the Structural Transformation of the Ivorian Economy (PACA-CI) - Phase I

Project Summary

Approval Date	24 Jan 2022
Signature Date	24 Mar 2022
Planned Completion Date	30 Dec 2024
Last Disbursement Planned Date	31 Dec 2024
Sovereign / Non-Sovereign	Sovereign
Sector	Multi-Sector
DAC Sector Code	15124
Environmental Category	3
Commitment	U.A 10,000,000
Status	Implementation

Project General Description

The proposed intervention is an ADF loan of UA 10 million to Côte d'Ivoire to finance the Business Climate Improvement Support Programme for the Structural Transformation of the Ivorian Economy (PACA-CI) - Phase 1. PACA-CI will be implemented in a national context characterized by the existence of several reforms aimed at promoting SMEs and enhancing the business climate, as advocated in particular by the National Development Plan (PND) 2021-2025, the country's National Export Strategy (SNE) 2021-2025 and the Bank's 2018-2022 Country Strategy Paper (CSP) for Côte d'Ivoire. This is an institutional support programme designed for both public entities and the private sector. It aims to support the efforts of the State of Côte d'Ivoire to establish streamlined and inclusive business environment rules that will increase the competitiveness and resilience of the private sector and, above all, structurally transform the Ivorian economy. The programme will remove obstacles in the business climate in order to increase the inclusiveness and resilience of growth and ensure decent jobs and income for the population. It also aims to facilitate access to financing and guarantee mechanisms, particularly for women-run MSMEs. The PACA-CI strategy will, in the context of the African Continental Free Trade Area (AfCFTA), increase the value-added of national production and the market share of local enterprises, in a secure and climate-friendly environment. This programme addresses the structural challenges that hamper the effectiveness of the business climate.

Project Objectives

The overall objective of PACA-CI is to contribute to the structural transformation of the Ivorian economy and strengthen the competitiveness of local enterprises, in particular SMEs, by removing obstacles in the business climate in order to increase growth inclusiveness and resilience and ensure decent jobs and income for the population. The specific objectives of PACA-CI are to (i) strengthen mechanisms for supporting private sector competitiveness and (ii) improve access to domestic and export markets.

Beneficiaries

The programme covers the entire national territory (urban and rural areas), particularly regarding the digital activities conducted by the Centre for the Promotion of Investments in Côte d'Ivoire (CEPICI) to attract investment, facilitation of financial inclusion and access to digital technology for SMEs and the formalisation of informal businesses, which will enable 30,000 economic operators to move from the informal to the formal sector by benefiting from the entrepreneur status. With regard to digital financial inclusion, national awareness-raising and training activities will be carried out for the target population groups, particularly rural residents, women and young people, in the 31 regions. The nationwide coverage will include support for the SME Guarantee Fund, which will benefit 3,600 SMEs in the following proportions: 40% for start-ups led by young people (regardless of gender) aged 35 years or less; 40% for businesses led by women aged 35 years or above; and 20% for businesses led by men aged 35 years or above.

Participating Organization

Implementing

Ministère de l'Economie et des Finances

Funding

African Development Fund

Information

IATI identifier	46002-P-CI-KF0-004
Last Update	21 Mar 2023

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Contact Details

Name	Jocelyne Anne-Muriel ADE EPSE LEGRE
Email	j.ade-legre@afdb.org

Geographic Location

Country	Côte d'Ivoire

Coordinates	Location Name
5.30966 -4.01266	Abidjan

Project Classification

Finance Type	Aid Loan Excluding Debt Reorganisation
Flow Type	ODA
Aid Type	Project Type Interventions

Commitments

U.A 10,000,000

African Development Fund

U.A 10,000,000

Repayments (Interest & Loan)

Document Type	Language	Document
Expression of interest	fr	viewer
Appraisal report	en	viewer
Expression of interest	fr	viewer
Expression of interest	fr	viewer
Appraisal report	fr	viewer
Environmental Study	fr	viewer

Indicator	Indicator Measure	Target Year	Target Value
Rate of private investment	%	2022	19,7
Category of digital tools and market access facilities put in place for SMEs	Number	2022	3.0
Share of exports in GDP	%	2022	25.0
Number of women-/youth-led SMEs with improved access to domestic or export markets	Number	2022	100.0
Number of women-/youth-led SMEs with improved access to domestic or export markets - of them women-run SMEs	Number	2022	60.0
Specific green growth indices (scores) improved - Green investment	Indice	2022	90.0
Specific green growth indices (scores) improved - Green trade	Indice	2022	20.0
Specific green growth indices (scores) improved - Protection of natural capital	Indice	2022	80.0
Specific green growth indices (scores) improved - Sustainable use of resources	Indice	2022	80.0
Number of investment attraction instruments and mechanisms put in place	Number	2022	4.0
Number of effective CEPICI training sessions on investment and support services for women entrepreneurs	Number	2022	15.0
Number of economic agents in the informal sector who have benefited from the status of effective entrepreneur	Number	2022	30000.0
Number of economic agents in the informal sector who have benefited from the status of effective entrepreneur - of which women	Number	2022	9000.0
Number of inclusive master plans adopted for the development of industrial zones	Number	2022	1.0
Number of digital management tools developed and uploaded to cloud	Number	2022	10.0
Number of SMEs benefiting from digital tools and market access facilities put in place and start-ups incubated/accelerated	Number	2022	300.0
Number of SMEs benefiting from digital tools and market access facilities put in place and start-ups incubated/accelerated - of which are women-led	Number	2022	100.0
Number of SMEs benefiting from digital tools and market access facilities put in place and start-ups incubated/accelerated - of which are youth-led	Number	2022	100.0
Number of local publicprivate dialogue platforms (PLDPP) established	Number	2022	3.0
Number of national awareness-raising and training activities carried out in target communities, especially rural communities, women and young people	Number	2022	31.0
Number of people reached by the awareness-raising and training activities	Number	2022	3500000.0
Financial inclusion rate	%	2022	60.0
Financial inclusion rate among women	%	2022	40.0
Financial inclusion rate in rural areas	%	2022	42.0
Number of SMEs accessing financing with support from the SME Guarantee Fund	Number	2022	3600.0
Number of SMEs accessing financing with support from the SME Guarantee Fund - of which are women-led	Number	2022	1440.0
Number of SMEs accessing financing with support from the SME Guarantee Fund - of which are youth-led	Number	2022	1440.0
Number of SMEs accessing financing with support from the SME Guarantee Fund - of which are start-ups	Number	2022	720.0
Number of trade agreements and protocols disseminated	Number	2022	5.0
Number of enterprises trained (including SMEs)	Number	2022	150.0
Number of enterprises trained (including SMEs) - of which are represented by women and young people or are gender-sensitive	Number	2022	45.0
Number of measures for the removal of trade barriers, including gender sensitive measures, adopted	Number	2022	10.0
Number of studies conducted on women’s and youth entrepreneurship development (including a validated action plan)	Number	2022	1.0
Number of commercial bank and stock exchange staff trained on the implementation of green credit lines, green bonds, Green Climate Fund (GCF) accreditation and the management of climate-related risks in the portfolio	Number	2022	100.0
SMEs and CSO actors made aware of nationally determined contributions (NDCs) and regulatory and legal instruments relating to climate action and energy transition	Number	2022	500.0
SMEs and CSO actors made aware of nationally determined contributions (NDCs) and regulatory and legal instruments relating to climate action and energy transition - of which are women-led	Number	2022	200.0
Number of tools adopted to promote dialogue and green investments	Number	2022	3.0
Number of initiatives in support of national champions	Number	2022	1.0