The French government, European Union and World Bank have expressed readiness to provide assistance to Ivory Coast, which continues to reel from political violence despite the arrest of former leader Laurent Gbagbo.
Gbagbo is now under the custody of Alassane Ouattara, the internationally recognized winner of last year’s presidential elections, after French troops closed in on his compound April 11. But reports indicate reprisal attacks by Ouattara’s fighters.
France has offered to provide €400 million ($579.3 million) worth of aid to the African nation.
The funds will be used to help residents of Abidjan recover from the fighting and to restart public services that were halted during the political crisis, French Finance Minister Christine Lagarde said. Some of the funds will be allocated to reinvigorate the economy and service debts, Lagarde added, according to Reuters.
European Commissioner for Development Andris Piebalgs also announced on Tuesday (April 12) a €180 million recovery package for the African nation. The funding will be used to provide health, water and sanitation, and bolster the agricultural sector.
After freezing its aid to Ivory Coast in December, the World Bank signaled it is ready to re-engage with the African state following Gbagbo’s arrest.
Robert Zoellick said he would meet this week with Ivorian officials on the margins of the World Bank-International Monetary Fund spring meetings in Washington to discuss possible assistance for the African state. Zoellick also floated the idea of canceling Ivory Coast’s debt to help free up resources for the country, Reuters reports.
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