Côte d'Ivoire - Regional African Trade Insurance Country Membership Programme (RACMP)


Project Summary

Approval Date 23 Sep 2015
Signature Date 03 May 2016
Planned Completion Date 31 Dec 2017
Last Disbursement Planned Date 31 Dec 2017
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 9,930,000
Status Completion

Project General Description

This programme will initially cover three countries (Benin, Cote d’Ivoire, and Ethiopia), with a possibility of extending to cover all qualifying African countries, in order to broaden the development impact of the ATI’s interventions. It has to be noted that these countries, through their respective mandated officials, have submitted written requests to the Bank to support this initiative as it is perceived to enhance their individual national development strategies/plans (NDPs). The Programme is also in line with the respective CSPs for the three countries as well as the RISPs of Eastern and Western Africa. In Ethiopia the initiative will enhance the business climate by ‘deepening financial intermediation’ and strengthen investments in and access to infrastructure and quality services (including financial services) thus helping in the delivery of the country’s Growth and Transformation Plan. In Benin, it will support the enhancement of competitiveness, development of production capacity, and the implementation of the country’s investment program for the period 2014-2018 by reducing investment and trade related risks. With respect to Cote d’Ivoire, the Programme by putting emphasis on private sector and trade development is in congruence with the CSP for the period 2013-2017.

Project Objectives

The main objective of the programe is to strengthen the capacity of the RMCs with the necessary financial resources for membership subscription in African Trade Insurance Agency to allow greater underwritten insurance cover for Africa’s private sector and socio economic development. The expected outcomes are i) Increased participation of the private sector in large scale projects through ATI facilitation; (ii) increased trade flows in Africa; and (iii) ATI attracts additional members.

Beneficiaries

The immediate beneficiaries of the Programme will be the ATI and the participating countries namely: Benin, Ethiopia and Cote d’Ivoire. The private sector in the target countries will be the ultimate but indirect beneficiaries. Due to concerns associated with the potential for most indirect benefits accruing to large corporates, the Appraisal Team agreed with the ATI and the respective RMCs that requisite frameworks would be drawn during implementation on how to increase the access to this facility by the SMEs and women managed/owned businesses. The log frame has been designed to highlight an increase in the population of SMEs access to trade financial services as a performance indicator.

Participating Organization

Funding
African Development Fund
Implementing
African Trade Insurance Agency

Information

IATI identifier 46002-P-Z1-HZ0-022
Last Update 31 Oct 2019

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Contact Details

Name BA Mohamadou
Email m.o.ba@afdb.org

Geographic Location

Country Multinational