Ivory Coast: ICD wants to finance private sector

Aug 04, 2011

The Head of Africa Division of the Islamic Corporation for the Development of the Private Sector (ICD), an affiliate of the Islamic Development Bank, Cheick Ousmane Sylla and the Industry Minister of the Ivory Coast Dosso Moussa recently met to find ways of promoting the private sector's growth.

The Head of Africa Division of the Islamic Corporation for the Development of the Private Sector (ICD), an affiliate of the Islamic Development Bank, Cheick Ousmane Sylla and the Industry Minister of the Ivory Coast Dosso Moussa recently met to find ways of promoting the private sector's growth.

The government wants to find cheaper and longer term loans to help companies re-establish themselves following the crisis that recently hit the country, Fraternité Matin newspaper reports.

"The ICD has arrived for the first time in Ivory Coast. It is therefore a prospective mission. But I can say that our company will finance good projects in Ivory Coast. And we know there are many," said Mr Sylla.

A few days earlier, the Vice-President of the International Finance Corporation (IFC) Thierry Tanoh met with an official at the Ministry of Planning and Development, Albert Toikeusse Mabri.

Mr Tanoh announced that the IFC will grant between $250 million and $300 million (€175 million and €210 million) in financial support to banks and institutions financing small to medium-sized enterprises, Le Démocrate newspaper reports.ADNFCR-2976-ID-800684372-ADNFCR