- Promoting food security in Côte d’Ivoire
Promoting food security in Côte d’Ivoire
A US$60 million OPEC Fund loan will support agricultural development zones by reducing import dependency and increasing export competitiveness
The OPEC Fund for International Development is providing a US$60 million loan in support of the Northern Agro-Industrial Pole Project (2PAINord) in Côte d’Ivoire to finance the development of high-potential geographical areas called agricultural growth poles or Agropoles.
Co-financed with the African Development Bank (AfDB), the 2PAI-Nord project will improve food and nutritional security by reducing the dependence on food imports and increasing the export of highly competitive agricultural products.
2PAI-Nord is the second of nine planned integrated agricultural development poles outlined in Côte d’Ivoire’s National Development Plan. It will support 65,000 vulnerable family-farming households, benefiting nearly 400,000 people, specifically women and youth, with limited access to food and markets. In addition, up to 1.2 million people in neighboring regions will benefit from investments in basic road and social infrastructure.
Agriculture is the primary source of livelihood for two-thirds of households in Côte d’Ivoire, accounting for more than 20 percent of GDP. Although Côte d’Ivoire is the world’s leading producer of cocoa and a major exporter of raw cashew nuts, the processing of agricultural products remains negligible and the country depends on agricultural imports.
OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said:
“Côte d’Ivoire’s medium to longterm agricultural development strategy will help realize the sector’s potential, reducing imports and increasing exports. Growing prosperity will also translate into better living conditions for many communities. We are pleased to partner with AfDB and extend our support to the government of Côte d’Ivoire to strengthen food security.”
2 PAI-NORD will contribute to the achievement of the Sustainable Development Goals (SDGs) related to poverty (SDG 1), hunger (SDG 2), gender equality (SDG 5), equity (SDG 10) and climate change (SDG 13).
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