About the DGF
The Direction Générale des Financements (DGF) is the sovereign debt management office of Côte d'Ivoire, operating under the direct authority of the Ministry of Economy, Finance and Budget. Established in 2021, the DGF represents a strategic elevation of the State's financing function, consolidating into a single dedicated institution the full spectrum of sovereign borrowing, liability management, and treasury operations.
As the primary interface between the Government of Côte d'Ivoire and international capital markets, the DGF coordinates all sovereign market access operations — including Eurobond issuances, multilateral financing, and domestic debt market development — while maintaining active engagement with institutional investors, rating agencies, and development finance institutions.
Its organisation and mandate are defined by Decree n°2021-454 of 8 September 2021 on the organisation of the Ministry of Economy and Finance.
Mandate
Market Financing
Eurobond issuances, domestic securities, and sovereign liability management operations
Multilateral Financing
Coordination of concessional and bilateral borrowing from development partners
Treasury Management
State cash flow management and sovereign liquidity optimisation
Investor Relations
Sovereign roadshows, rating agency dialogue, and investor transparency
Direction Générale des Financements (DGF) En vigueur / Current
A landmark institutional reform elevated sovereign debt management to a standalone general directorate reporting directly to the Ministry of Economy, Finance and Budget. This restructuring reflects Côte d'Ivoire's commitment to best-in-class debt governance and positions the DGF as a fully independent centre of excellence for sovereign financing strategy.
Decree n°2021-454 of 8 September 2021
Direction de la Dette Publique et des Dons — DDPD (restructured)
A significant modernisation introduced the Front Office / Middle Office / Back Office tripartite structure in line with international sovereign debt management standards (IMF/World Bank framework), incorporating State treasury management within a unified operational framework.
Order n°512/MPMEF/DGTCP/DEMO of 30 December 2016
Direction de la Dette Publique et des Dons — DDPD (established)
First institutionalisation of a dedicated sovereign debt management unit within the Treasury. The DDPD operated through specialised sub-directorates and technical services, marking the transition from a general treasury function to structured public debt administration.
Caisse Autonome d'Amortissement (CAA)
From independence, sovereign debt management was entrusted to the CAA, an autonomous amortisation fund. In 1997, this mandate was transferred to the Treasury (Trésor Public de Côte d'Ivoire), initiating the progressive integration of debt management functions within the Ministry of Finance.