OPEC Fund and Côte d’Ivoire sign US$500 million country partnership strategy

October 16, 2026: The OPEC Fund for International Development (the OPEC Fund) and Côte d’Ivoire have signed a new Country Partnership Strategy with an envelope of up to US$500 million in development financing and up to US$3 million in grants for the period 2026–2029. Signed on the sidelines of the World Bank-IMF Annual Meetings in Bangkok, Thailand, the framework will support investments in infrastructure development, economic transformation and job creation, helping advance Côte d’Ivoire’s ambition to become an upper-middle-income economy by 2030.

OPEC Fund President Abdulhamid Alkhalifa said: “Côte d’Ivoire is an important partner and we see significant opportunities to expand our cooperation. Our Country Partnership Strategy will focus on investments that improve infrastructure, strengthen public services and create more opportunities for people and businesses. We look forward to working with the government to turn these priorities into tangible results.”

The agreement was signed by OPEC Fund President Abdulhamid Alkhalifa and Côte d’Ivoire's Minister of Planning and Development Souleymane Diarrassouba. Aligned with the country's National Development Plan 2026–2030, the strategy focuses on two priorities: expanding access to climate-resilient infrastructure, including energy, water and sanitation, transport and healthcare; and supporting economic transformation through agricultural development, private sector growth, access to finance, skills development and stronger institutions.

The OPEC Fund will support these priorities through public sector financing, trade finance, grants and technical assistance, helping mobilize investment and expand economic opportunities, particularly in underserved communities. The strategy builds on OPEC Fund investments across energy, agriculture, transport and finance.

The OPEC Fund's partnership with Côte d’Ivoire dates back to 1982, with more than US$530 million in public and private sector financing approved to date.

About the OPEC Fund

The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$32 billion to development projects in over 125 countries. These projects represent a total value exceeding US$240 billion, equivalent to approximately US$7.50 mobilized for every US$1 committed by the OPEC Fund. The OPEC Fund is rated AA+/Outlook Positive by Fitch and AA+, Outlook Stable by S&P. Our vision is a world where sustainable development is a reality for all.