The Ivorian Foreign Ministry confirmed the loan.
China has granted a $24 million (N3.8 billion) loan to Cote d’Ivoire to enable the West African country to finance projects in sports and health sectors.
This is contained in a statement by the Ivorian Ministry of Foreign Affairs, and made available to the News Agency of Nigeria in Abidjan on Saturday.
The statement said the loan agreement was signed at a high-level Joint Commission for Economic and Technical Cooperation meeting of both countries in Abidjan on Friday.
The Ivorian Foreign Affairs Minister, Charles Diby, and the Chinese Deputy Commerce Minister, Li Jinzao, signed for their respective countries.
The statement quoted Diby as saying that the loan was granted after an evaluation of all projects within the framework of corporation between the two countries.
“China has agreed to offer an economic assistance, we have agreed on some cooperation projects such as the construction of a stadium and some projects in the health sector.
“The loan is interest-free and will be of great benefit in the realisation of the projects under its coverage,’’ he said.
The statement also quoted Jinzao to have pledged the readiness of China to invest in the country.
“We will encourage Chinese enterprises in Cote d’Ivoire to create jobs for Ivorians, we will also encourage more Chinese investments in the country,’’ he said.
Jinzao said he was optimistic that the economic cooperation would play positive role in the economic lives of both countries.
“We are confident in the economic recovery and development of Côte d’Ivoire after the crisis,” he said.