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Cote d’Ivoire’s economy grows by 7.5% in 2019


The Economic situation of Cote d ’ivoire has been reported to have a good performance with a robust framework at 7.5 per cent in 2019 against 7.4 per cent recorded in 2018. 

This was disclosed in the country report presented by the Ivorian delegations to the ECOWAS Parliament seating in Abuja, today for the 2019 Second Ordinary Session of the parliament.

The report stated that the stability of the economic framework was reaffirmed by the International Monetary Fund (IMF) Mission that stayed in Cote d’Ivoire from the 14th to 27th March 2019, leaving the rate above that of all UEMOA countries and above the EU average of 6.6 percent.

It stated that the robust increase was as a result of the work of the gallant farmers, coupled with the actions of the government’s strategy which aimed at achieving strong, sustained and inclusive growth with the objective of preserving domestic and foreign balances in order to achieve the government’s social policy.

Similarly, the Ivorian government in the bid to improve the living conditions of its population has set up 727,500 billion FCFA for its government’s 2019-2020 social programme.

As contained in the country report, the programme is aimed at strengthening social action through a variety of social sectors including electricity, youth employment, education, health and potable water that will help reduce social inequalities.  

“While noting that the economy remains vulnerable to external shocks that has resulted from unfavourable changes in commodity prices (mainly cocoa and oil) and adverse weather conditions, the social policy will help sustain economic growth and achieve a more balanced distribution across sectors;

“The quality of agricultural products, their processing and modernised industrial sector with higher added value and strong job creation will also be influenced,” the report read.

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