(Ecofin Agency) - Mr. Banga's visit to Côte d'Ivoire reflects the World Bank's commitment to supporting the country in its goal of becoming a key player in West African development.

The president of the World Bank Group Ajay Banga (pictured) is visiting Côte d'Ivoire as part of the Economic Development Assembly organized by Global Citizen, Bridgewater Associates, and the Ivorian government. This high-level visit aims to enhance cooperation between the World Bank and the West African nation.

During his visit, Banga will meet with President Alassane Ouattara to discuss Africa's development challenges and opportunities. They will focus on the role of the International Development Association (IDA), which provides financial support and essential development projects for low-income countries. Banga will also visit the Cocody Technical High School with Ivorian Prime Minister Beugré Mambé and Rémy Rioux, the director general of the French Development Agency (AFD). This visit will highlight an innovative public-private partnership model developed in Côte d'Ivoire to tackle employment market challenges.

Banga's trip comes at a time when Côte d'Ivoire is emerging as a regional leader in economic development and structural reforms. The country has experienced an average growth rate of 6.5% between 2022 and 2023, according to data from the Bretton Woods institution. The World Bank is supporting the country in areas such as digital transformation and energy transition. Additionally, the focus is on diversifying the economy, improving public services, and promoting sustainable development to reduce poverty and enhance infrastructure.

In 2023, the World Bank's portfolio in Côte d'Ivoire was estimated at around $5.774 billion, according to the Ivorian Ministry of Finance.