Côte d'Ivoire honors Abebe Selassie, outgoing head of IMF's Africa Department

Côte d'Ivoire establishes strategic sovereign fund for development projects

The Ivorian Council of Ministers, chaired by President Alassane Ouattara on April 15, 2026, adopted an ordinance to create, organize, and operate the Strategic Sovereign Fund for the Development of Côte d'Ivoire FSDI. Government spokesperson Amadou Coulibaly explained that the FSDI is a special legal entity with a dual mission: managing and enhancing state strategic assets, and serving as a lever for financing and structuring essential infrastructure projects aimed at the structural transformation of the Ivorian economy. This fund aligns with reforms initiated in 2012, reinforcing the government's commitment to building a more dynamic public banking sector capable of supporting national investment priorities. The FSDI will strengthen the state's financing capabilities outside traditional channels. Its structure includes three specialized compartments: one for infrastructure development, supporting strategic, priority, and profitable investments; a second for economic stabilization, enhancing resilience against external shocks like international market fluctuations; and a third for strategic financial placement, building long-term public savings for future generations. The FSDI will be funded by a portion of revenues from mining and energy resources, as well as the transfer of certain public assets. The government emphasizes a regulated framework with risk management mechanisms, internal controls, and enhanced transparency and accountability to meet international standards for