{{African Development Bank (AfDB) Group President Donald Kaberuka has appreciated the efforts of the Ivoirian authorities and people as a whole for their reconstruction work, their economic relaunch and excellent results achieved in a short time.}} <\/p>\n
Kaberuka was Opening the 4th \u201cInvest in C\u00f4te d\u2019Ivoire Forum\u201d in Abidjan on January 29 in the presence of the Ivoirian Prime Minister, Daniel Kablan Duncan, and political and economic representatives from C\u00f4te d\u2019Ivoire and abroad<\/p>\n
He also saluted the return to political stability, the growing pace of economic reform, and the country which is positioning itself \u201cvery well\u201d in the sub-region. <\/p>\n
The meeting, with the theme of \u201cPrivate sector: A lever for successful regional integration,\u201d brought together nearly 3,000 participants from 113 countries. <\/p>\n
Kaberuka did, nonetheless, add the qualification that \u201cAfrica still has a long way to go to achieve its transformation, create the jobs our young people need, and increase its participation in global value chains. That is why we must make a clear distinction between necessary economic growth and economic transformation, which is the strategic goal,\u201d he said. <\/p>\n
With regard to the forum, Kaberuka called on its participants to analyze the investment landscape together and explore the opportunities presented by the Ivory Coast\u2019s reconstruction and economic relaunch. There was also a need, he added, to work out how to transform certain constraints into business opportunities. <\/p>\n
\u201cTo the investors present here, I have just one message,\u201d he said: \u201cYou will be right to have confidence in the Ivory Coast. The AfDB strongly believes in this country,\u201d he continued. \u201cThat is why, after a decade in which we had to relocate our institution because of the crisis in the country, we have just started our return to the Bank\u2019s headquarter here in Abidjan. I am here with our teams to discuss with the Government how best to structure our operations, to make this country even more attractive and competitive.\u201d <\/p>\n
The AfDB has a presence in financing the Ivory Coast\u2019s economy through its public sector and private sector arms, particularly in the area of infrastructure, and it is involved in key projects such as the Azito and CIPREL power stations, and the Henri Konan B\u00e9di\u00e9 Bridge and road projects. <\/p>\n
Kaberuka added that the African Development Bank is willing to consider accompanying viable projects, which, if certain conditions are met, will benefit from the Bank\u2019s experience and have its finance tools at their disposal. <\/p>\n
Appreciating the reforms undertaken by the Ivory Coast to improve the business climate, Kaberuka emphasized three key points which need constant improvement: security, the judiciary system and the public sector. <\/p>\n
Kaberuka also dwelt on the need for regional integration in Africa for growth that takes sufficient account of issues of inclusion and equal opportunity for all. <\/p>\n
He also proposed strengthening the Bank\u2019s partnership with investors as part of its private sector arm. This arm grants loans, guarantees and other products up to an amount of approximately $2 billion each year. <\/p>\n
Finally, Donald Kaberuka reiterated the willingness of the Bank, a leading African institution, to work closely with C\u00f4te d\u2019Ivoire.<\/p>\n
AFDB<\/p>\n","protected":false},"excerpt":{"rendered":"
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