Ivory Coast to Raise 2020 Offshore Funding From Banks, Eurobonds

Country needs $822 million in debt from foreign sources
Top cocoa producer favors West Africa’s regional debt market

Pedestrians pass heavy road traffic outside an Orabank bank branch, right, in the financial district of Abidjan, Ivory Coast.
Photographer: Jose Cendon/Bloomberg

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By Baudelaire Mieu and Katarina Hoije

February 20, 2020 at 10:49 AM UTC

Updated on

February 20, 2020 at 2:20 PM UTC

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Ivory Coast will raise about 500 billion CFA francs ($822 million) through bank loans and a sale of Eurobonds to meet its offshore funding needs ahead of October elections.