Standard Chartered delivers Côte d’Ivoire’s first Sustainability-Linked Loan under new Sustainability-Linked Financing Framework
on September 2, 20252 September 2025, London, UK – Standard Chartered has structured a EUR 433 million Sustainability-Linked Loan for the Ministry of Finance and Budget, Republic of Côte d’Ivoire. This loan is supported by the World Bank Group, acting through the International Bank for Reconstruction and Development (IBRD) and the Multilateral Investment Guarantee Agency (MIGA). Standard Chartered acted as Sole Lender and Mandated Lead Arranger.
This World Bank Group-guaranteed Sustainability-Linked Loan is the first Sustainability-Linked Loan extended to Côte d’Ivoire under its new Sustainability-Linked Finance Framework that was launched in June 2025, and is the first ever transaction to combine an IBRD first-loss guarantee and a MIGA second-loss guarantee.
Arranged under Côte d’Ivoire’s Sustainability-Linked Financing Framework, this Sustainability-Linked Loan enables access to financing on more favourable terms by linking financial conditions to clear Sustainability Performance Targets in renewable energy (excluding hydropower), deforestation prevention, and reforestation. The framework will support efforts to meet the country’s goal to reduce carbon emissions by over 30% by 2030 and is expected to help boost resilience to climate impacts relating to agriculture.
Sujithav Sarangi, Executive Director, Development & Agency Finance, Standard Chartered says: “We are proud to support the Republic of Côte d’Ivoire with this landmark, first-of-its-kind Sustainability-Linked Loan as sole lender. As a result of close collaboration with the country’s Ministry of Finance and the World Bank Group, this innovative structure aligns financing with clear, measurable objectives under the country’s new Sustainability-Linked Financing Framework. It showcases how collaborative innovation can help mobilise capital efficiently and support credible models for sovereign sustainable finance.”
Hiroshi Matano, Executive Vice President, MIGA says: “This transaction marks a significant milestone for the World Bank Group Guarantee Platform and demonstrates the power of integrated solutions. By combining IBRD and MIGA guarantees for the first time, we are helping Côte d’Ivoire secure financing on better terms, accelerate its climate commitments, and build resilience in critical sectors. The partnership reflects our shared dedication to innovation, sustainable development, and climate action across Africa.”
Adama Coulibaly, Minister of Finance and Budget of the Republic of Côte d’Ivoire says: “This transaction demonstrates our continued commitment to our comprehensive financing strategy, which focuses on diversification, innovation and debt sustainability. The favourable conditions obtained will allow us to access long-term, competitive and essential financing to advance our national climate resilience agenda. Through this pioneering initiative, we reaffirm our commitment to the Sustainable Development Goals.”
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