PROGRAMME DE RESTAURATION DURABLE DES FORETS

Promoter – Financial Intermediary

REPUBLIQUE DE COTE D'IVOIRE

Location

• Côte d'Ivoire

Description

The project aims at protecting, rehabilitating and expanding forests in Côte d'Ivoire through the financing of selected capital-intensive structural investments and soft-asset investments of a comprehensive national reforestation and forest rehabilitation programme.

Objectives

This operation aims to finance selected elements of a comprehensive national forests rehabilitation programme in Côte d'Ivoire, which is expected to increase the country's forest cover by 2.9 million hectares (i.e. 20% of the Ivorian landmass) over the period 2021-2030. The plan supports the implementation of the National Strategy of Conservation, Restoration and Expansion of Forests (SPREF, 2019), which aims at halting and reversing the high deforestation rate of the country.

Sector(s)

• Agriculture, fisheries, forestry - Agriculture, forestry and fishing

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 300 million

Environmental aspects

The project is expected to contribute to the EIB's climate action (mitigation and adaptation) and to environmental sustainability objectives (protection and restoration of biodiversity and ecosystems). To be further assessed during appraisal. The EIB appraisal team will also explore possibilities to promote positive impact on gender equality within the remits of the investments in line with the Bank's policies. The EIB will require the Promoter to comply with the EIB Environmental and Social Standards.

Procurement

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Status

Under appraisal - 25/02/2021