A short national financing strategy for an EMDE country to access additional sources of finance for its development

1. Côte d’Ivoire National Financing Strategy for Development Plan
(2020 – 2024)
I am Guy-Gerard KOFFI, Financing Officer from the Ministry of Economic of Cote d’Ivoire. I
am in charge of mobilizing funds for financing the next (5) years development plan (2020-
2024). The development plan will mainly focus on five (5) development priorities witch are
linked to the Sustainable Development Goals (SDGs): Strong institutions and justice for all;
Health quality improvement; Reducing inequalities; Good education for all, and Industry and
Infrastructure building.
Based on the integrated Financing Framework, the plan will cost $60 billion over the five (5)
years. The goal of this document is to share with you the Cote d’Ivoire’s national strategy for
financing its development plan (2020-2024). To meet our goal we have several potential
sources of finance domestically and internationally both from public and private finance
around which we need to build our strategy:
Domestically, we have 2 options of financing: The public finance and the private finance. The
public finance mainly includes the government incomes from taxes and a variety of public
revenue. It is the largest resources for financing the development, so we plan to improve the
Domestic Resources Mobilization by working in collaboration with the multilateral
development banks like WBG, African Development Bank to build capacity, strengthen the
management of public resources, strengthen tax administration and improve public
spending quality. Also, the 2017 tax revenue rate is 16.2% of the GDP above the 15%
required to provide basic services to citizen but still low to be a large part of our national
financing strategy. We plan to increase this rate to 20% at least by expending tax base,
promoting appropriate distribution of tax burden among tax payers and updating tax law.
The amount of the Gross Domestic Product (GDP) in average is $40 billion per year. For the
next five (5) years, the total amount will reach $200 billion. And 20% of tax revenue of the
GDP is $40 billion.
Beside the domestic resources, there is the international finance composed of public and
private finances which are very important for the national financing strategy of our
development plan (2020-2024) as the domestic funding only is not enough. The international
public finance known as Official Development Assistance (ODA) is also targeted in our plan.
Based on the data available, ODA amount per year in average is $1.3 billion. Over the next
five (5) years ODA will be approximately $6.5 billion.
At this point, the gap to reach our financing goal of $60 billion is $13.5 billion. To fund this
gap, in our financing strategy for development, we take into consideration the international
private finance which is the largest financing resources in the world as it has of many forms.
Traditionally, this private financing has interested in short-term risks returns not sustainable

2. approaches in the medium or long term. So, in other to attract the international private
finance and implement our development plan (2020-2024) we need to show some
guarantees to the asset owners. On one hand by improving political stability, business legal
and regulatory environment and security and on the other hand by working with the WBG
institutions like International Development Association (IDA), International Finance
Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) on capacity
building, country reforms and risk mitigating.
Also, as part of our financing strategy, we planned to develop the Public Private Partnership
(PPP) in our infrastructure funding. We are specially targeting the Pension Funds that are a
natural interest in investing in infrastructure because of it robust cash flow and low
correlation to other assets.