ABIDJAN, June 28 (Xinhua) -- Cote d'Ivoire considers seeking loans from China to fund its reconstruction after the 2010-2011 post-election violence, the local press reported on Friday, citing an interview the country's Finance Minister Niale Kaba had with journalists.
Ms. Kaba said Cote d'Ivoire has great potential and a bigger vision.
"This vision requires funding," she said, noting that the conditions put in place by the Export-Import Bank of China (China Exim Bank) were particularly very attractive.
"I think that the loans from China Exim Bank could be used to fund certain urgent sectors, and it is necessary that Cote d'Ivoire completes the necessary structural investments for sustainable growth," the minister said.
"The interest rates are low, the repayment period is long and we shall have a grace period of between seven and nine years. This will ensure that the investments will start yielding fruits before we start repaying the loan," she added.
Cote d'Ivoire is progressively trying to overcome the challenges that arose from the post-election crisis which affected several economic sectors.
A national development program envisions investments of 20 billion U. S. dollars in the next five years.
To complete these projects, especially in the sector of infrastructure, the West African country is banking on support from donors and friendly countries.
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