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WEEKLY NEWSLETTER
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Ivory Coast
Index
As a middle-income developing country, Côte d'Ivoire
found it
easier to borrow from private commercial sources than from
multilateral and bilateral financial institutions, which
lent
primarily to the poorest countries. More than two-thirds
of its
foreign debt was owed to commercial lending agencies.
Nevertheless,
the government borrowed substantial sums from Paris Club
donors.
From 1981 to 1984, net official development assistance
from Western
countries and from multilateral agencies averaged US$136.4
million
per year. This figure increased in the mid-1980s as
multilateral
donors, particularly the World Bank, financed the various
structural readjustment programs. In 1986 the World Bank
financed
five programs amounting to US$340.1 million, and by the
end of that
year it had loaned Côte d'Ivoire about US$1.8 billion in a
series
of forty-nine operations, including three structural
adjustment
loans that totaled US$600 million. Other sources of
multilateral
aid in 1985 were the African Development Bank (US$124.4
million),
the European Development Fund (US$15.5 million), and the
Entente
Council (Conseil de l'Entente; US$375 million).
France was the most important bilateral aid donor.
French
assistance was channeled through the CCCE and the Aid and
Cooperation Fund (Fond d'Aide et de Coopération--FAC).
After
France, Canada and West Germany were the largest donors,
providing
US$7.7 million and US$8.7 million, respectively, in 1985.
Data as of November 1988
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