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