African Development Bank commits to building agricultural value chains in Côte d'Ivoire

Published 2021년 7월 8일

Tridge summary

The African Development Bank (AfDB) has made a commitment to bolster Côte d'Ivoire's agricultural sector by creating value chains for products such as banana, mango, palm oil, cashew, coffee, and cocoa. This initiative is aimed at fostering job growth and promoting economic inclusion. The AfDB has already invested $2.7-billion in Côte d'Ivoire since 2015 and anticipates a economic rebound with an estimated 6.2% growth in 2021 and 6.5% in 2022, following the challenges of the Covid-19 pandemic.

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Original content

The African Development Bank (AfDB) has committed to support Côte d'Ivoire in building agricultural value chains to create more jobs and make economic growth more inclusive. Particularly, the bank will support the Ivorian government in the creation of agricultural value chains in banana, mango, palm oil, cashew, coffee and cocoa products. “There will be investments to transform rural areas into areas of wealth for the people,” says AfDB president Dr Akinwumi Adesina. The AfDB has, since 2015, invested in Côte d'Ivoire to the tune of $2.7-billion. "Côte d'Ivoire was in an exceptional trajectory with an average growth rate of 7% from 2016 to 2019. Unfortunately, because of Covid-19, growth dropped to 2% in 2020. “But with the economic recovery and vaccinations ...

Source: Engineeringnews