Core Points - Côte d'Ivoire has signed its first sustainable loan agreement with Standard Chartered Bank for €433 million (approximately $505 million) [1] - The loan is backed by the World Bank through the International Bank for Reconstruction and Development (IBRD) and the Multilateral Investment Guarantee Agency (MIGA) [1] - The agreement aims to set mandatory targets for renewable energy and reforestation projects by 2030, marking the initiation of Côte d'Ivoire's green financing [1] Loan Structure - The loan follows a "Sustainability-Linked Loan (SLL)" model, where the cost is contingent on the country's ability to meet predetermined sustainability targets [1] - If Côte d'Ivoire exceeds its sustainability goals, the interest rate will gradually decrease; conversely, if targets are not met, the interest rate will increase [1] - The Ministry of Finance will track and verify performance through annual reports using remote sensing and geospatial monitoring technology [1] Development Goals - The government has set two key development objectives: increasing the share of renewable energy (excluding hydropower) in installed capacity from 1% in 2023 to 11% by 2030 [1] - Additionally, the government aims to limit forest cover loss to 300,000 hectares between 2025 and 2030 and to restore 1 million hectares of forest by 2030 [1] - These initiatives align with the sustainability financing framework jointly launched by the Côte d'Ivoire government and the World Bank in July 2025 [1]