Africa > Côte d'Ivoire

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International Monetary Fund. African Dept.
The WAEMU has, so far, demonstrated strong resilience to the Covid crisis. The economic rebound that started in the second half of 2020 firmed up in 2021, while fiscal and monetary policies remained supportive. External reserves have risen to comfortable levels and the financial system appears to be broadly sound. However, the region faces significant challenges to ensure the sustainability of macroeconomic policies, while supporting the economic recovery and navigating the uncertain outlook.
International Monetary Fund. African Dept.
Côte d’Ivoire has shown strong resilience to the pandemic, owing to the authorities’ swift policy reaction and to a decade of sound macroeconomic policies, as well as the support of the international community including the IMF.
International Monetary Fund. African Dept.
Prior to the COVID crisis, Côte d’Ivoire had established a strong track record of economic policies, although domestic revenue mobilization has disappointed. The authorities reacted swiftly to the pandemic, supported by emergency financing from the IMF and other donors. They implemented a health and economic response plan combined with frontloaded capital spending, relaxing the 2020 fiscal stance by 3½ ppt of GDP compared to pre-COVID projections. The authorities will start consolidating the fiscal position in 2021 while supporting the recovery, with tax measures underpinning the 2021 budget. Beyond, the authorities are committed to returning to the regional fiscal deficit norm of 3 percent of GDP by 2023. The October 2020 presidential election was accompanied by socio-political tensions.
International Monetary Fund. African Dept.
Côte d’Ivoire will be significantly impacted by COVID-19 pandemic: the number of cases in the country has increased rapidly since the first confirmed case was reported on March 11 and the global crisis is expected to severely affect supply chains and external demand. The authorities’ policy response to the pandemic has been swift, putting in place measures to help contain and mitigate the spread of the disease and designing a health response plan. They have complemented these steps with an economic package to provide targeted support to vulnerable populations and firms affected by the pandemic. The pandemic will also temporarily dampen domestic revenue mobilization and complicate access to international market financing.
International Monetary Fund. African Dept.

Abstract

To come when report is received.

International Monetary Fund. African Dept.
Political uncertainty has risen ahead of the 2020 presidential elections, after the ruling coalition between President Ouattara’s and former President Bédié’s parties ended in the summer of 2018. The authorities have requested a one-year program extension to provide an important stability anchor through 2020. The extension will help meet balance of payment needs, foster fiscal discipline, and sustain reforms, in turn helping support the West African Economic and Monetary Union’s external stability. Policies will center on preserving the program’s momentum, particularly adhering to the 3 percent of GDP budget deficit ceiling, preserving a moderate risk of debt distress and fostering private sector-led growth.
International Monetary Fund. African Dept.
The political context has become more complex and uncertain ahead of the 2020 presidential elections, with the three traditional parties openly competing since the end of the ruling coalition between President Ouattara’s Republican Democratic Rally and former President Bédié’s Democratic Party of Côte d’Ivoire. Positive investor perceptions of Côte d’Ivoire have so far not been affected. The growth outlook remains strong at 7½ percent, predicated on a continuously improving business environment, buoyant investment and sustained private consumption. Inflation is expected to remain low. Downside risks include the effects of the uncertain political landscape and weaker-than-expected global growth.
International Monetary Fund. African Dept.

Abstract

Growth in sub-Saharan Africa has recovered relative to 2016, but the momentum is weak and per capita incomes are expected to barely increase. Further, vulnerabilities have risen in many countries, adding to the urgency of implementing the fiscal consolidations planned in most countries and with stepped up efforts to strengthen growth.

Mr. Alexei P Kireyev

Abstract

Cet ouvrage examine comment l'UEMOA, union monétaire au parcours historique long et varié, peut atteindre ses objectifs de développement et de stabilité, améliorer les conditions de vie de ses citoyens et assurer une meilleure répartition des bienfaits de la croissance économique tout en préservant sa stabilité financière, en rehaussant sa compétitivité et en maintenant les taux de change fixes actuels.