Skip to main content

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.

Comments

Post a Comment

Popular posts from this blog

Reject List From Countries In breach Of 30 Percent Women Representation – Njai Tells ECOWAS Parliament

A Gambian representative to the ECOWAS Parliament, Honorable Fatoumatta Njai has challenged the Community Parliament to reject list of countries that are short of thirty percent women’s representation to the Parliament. Speaking in an exclusive interview at the official Opening Ceremony of the Fifth Legislature’s delocalized meeting of the Joint Committee on Social Affairs, Gender and Women Empowerment / Education, Science and Culture/Health, currently holding in Monrovia, Liberia on the theme, “ Empowerment of Women in the ECOWAS Region.” Njai said that some countries lack female representation in the Conference of Bureau, this according to her is disregarding the ECOWAS Rules of Procedure. “The Rules of Procedures mentioned that each member country should have a female representation at the Conference of Bureau. Each country has three members in the Conference of Bureau, so each country can at least have one female member which will be thirty percent representation. I thin...
Post a Comment
Read more
ECOWAS Parliament pushes for immediate solutions to region's humanitarian crisis Lawmakers of the ECOWAS Parliament says its seeking to invoke its parliamentary powers to resolve the humanitarian crisis across region. This is following the report presentation by the Parliamentary Joint committee on Political Affairs, Peace and Security and APRM/Legal and Judicial Affairs, Human Rights, Protection of the Child and Vulnerable Groups on the security of the Region. As contained in the report, the political situation in the Republic of Guinea as well as the political and security situation in Mali among others, calls for serious attention most especially as it regards to pre and post-election situations, and which also arises from the preparedness level for the presidential elections that are planned in 2020.  Honourable Snowe Jnr of Liberia responding to the report said that there is an urgent need for the ECOWAS Parliament to utilize its power ...
Post a Comment
Read more

Deploy Technology for free and credible elections- Goodluck Jonathan challenge ECOWAS

Ifeanyi Valentine Nigeria’ s Former President, Dr.Goodluck Ebele Jonathan has called on the ECOWAS Sub region to utilize the possibility of technology in our electoral process so as to have free and fair elections. He said this while making his contribution as one of the panelists at the ongoing First Extra Ordinary Session put together by the Fifth Legislature of ECOWAS Parliament holding in Monrovia the capital city of Liberia. According to him the reason why citizens of the sub region often times lost confident in their leaders is because they believe the use the power of incumbency to manipulate the electoral system so as to continue to perpetuate themselves in power even at the detriment of the people. He said that if full technology is deployed in all the stages involved in the electoral process the elections will not only be free and fair but it will completely eliminate the manipulation and rigging of election results.’ “When technology is deployed across board you w...
Post a Comment
Read more