Ivory Coast has just obtained funding of nearly 153.2 million euros from the European Investment Bank (EIB) for the reconstruction of its forest cover.
According to EIB Vice-President Ambroise Fayole, this financing will contribute to the sustainable restoration of a significant part of the forest in Côte d’Ivoire.
For his part, the Ivorian Minister of Water and Forests, Laurent Tchagba, indicated that his country had requested the EIB in 2019 to provide financial support for the implementation of reforestation actions, raising awareness among populations and creating green jobs, which will contribute to the local economy.
Tchagba reiterated his country’s commitment to mobilizing the financial resources necessary to achieve the objective of reconstituting 20% of its forest cover by 2030.
Côte d’Ivoire has adopted a ten-year national forest rehabilitation plan, with an estimated cost of 616 billion FCFA, 35% of which must be mobilized by the State, the rest being the responsibility of the private sector.
This plan aims to increase the forest area from the current three million hectares to more than six million hectares by 2030.
