Côte d'Ivoire Sustainability Linked Loan Project for Renewable Energy and Deforestation

The Republic of Côte d’Ivoire, with support from the World Bank Group, is implementing its first Sustainability-Linked Financing Framework (SLF).

• The SLF links financial conditions to Sustainability Performance Targets in renewable energy production (excluding hydropower) and deforestation prevention/reforestation.
• The project involves a sustainability-linked loan of up to EUR433.4 million provided to the Ministry of Finance and Budget, with a final maturity of 15 years.
• The loan benefits from a first-loss guarantee by the International Bank for Reconstruction and Development (IBRD) of up to EUR260 million and a MIGA Non-Honoring of Sovereign Financial Obligation guarantee as a second loss guarantee.
• Loan proceeds may be used for eligible expenditures in health and education sectors, aligned with national strategic priorities.
• Project classified as environmental and social Category C due to minimal anticipated adverse impacts.
  The loan introduces financial innovation to support Côte d’Ivoire’s national climate commitments and sustainable development objectives.