Ivorian government seeks more than $1 billion for reforestation
The Ivorian government needs to find 1.1 billion US dollars to finance its reforestation program. The information was disclosed in an official statement released Monday, May 9.
The Ivorian government hopes to restore 3 million hectares of forest by 2030 through the “Abidjan Legacy Program”.
“The initiative promotes agroforestry and calls on the private sector to restore forest cover,” said President Alassane Ouattara.
More than sixty percent (60%) of the national territory of Côte d’Ivoire is affected by drought and desertification. According to the authorities, this rate reaches 90% in its northern regions. This situation negatively affects agriculture and agro-industry, causing migration and inter-community conflicts, explains the communiqué quoting the President of the Republic.
At least two institutions have already pledged to support the program. The African Development Bank (AfDB) has pledged US$500 million in support, while the Food and Agriculture Organization of the United Nations (FAO) will commit approximately US$20 million.