Cote d'Ivoire Economic Outlook
October 18, 2016Cote d’Ivoire has reached a staff-level agreement with the IMF whereby the Fund is set to provide over USD 670 million in assistance to support the African country in executing its ambitious National Development Plan. The three-year program includes a wide range of reforms to improve debt management, public finances and the business climate and to restructure public banks. In other news, the government confirmed that the production and export of cocoa dropped in the 2015-2016 season compared to the previous harvest period owing to inclement weather conditions. Lastly, the country’s National Assembly approved a draft constitution that removes controversial clauses which had contributed to launching the country into armed conflicts in the past and scraps age limits for candidates, which benefits the incumbent president.
Cote d'Ivoire Economy Data
5 years of Cote d'Ivoire economic forecasts for more than 30 economic indicators.
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Cote d'Ivoire Facts
|Exchange Rate||609.5||0.31 %||Oct 25|
Cote d'Ivoire Economic Growth
October 18, 2016GDP growth is set to moderate this year due to a smaller cocoa harvest, though an ambitious infrastructure program and extensive international financial support will shield the country from external headwinds and keep the economy on a steady path. Panelists see the economy growing 8.4% in 2016, which is down 0.1 percentage points from last month’s forecast, and 8.0% in 2017.