In separate statements, the IFC and SocGen said that they will each contribute up to $100m for the Societe Ivoirienne de Raffinage (SIR) refinery.
Standard Chartered and BNP Paribas will also involve in providing funds for the refinery, which is expected to hold around $2bn of oil imports.
The 65,000 barrel per day SIR refinery in Abidjan will provide the country with all of its refined petroleum products and in supplying regional landlocked neighbours including Mali and Burkina Faso.
The oil purchases for the refinery are expected to cost around $200m per month, reports Reuters.
The IFC said that the loan facility will help in mitigating price spikes that drive up costs for businesses and households and to regain direct access to the international financial markets.
