Coulibaly, Souleymane

Central Africa Unit, Africa Region, The World Bank
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Macroeconomic and structural policies, Growth diagnostics, Fiscal policy
Central Africa Unit, Africa Region, The World Bank
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Last updated: January 31, 2023
Souleymane Coulibaly, from Cote d'Ivoire, holds a double Ph.D. degree in International Trade and Economic Geography from the University of Paris 1 Pantheon-Sorbonne (France) and the University of Lausanne (Switzerland). His publications and ongoing research deal with the impact of geography on firms’ location, trade flows and regional integration. He was a co-author of 2009 World Development Report "Reshaping Economic Geography", contributed to the 2005 Global Economic Prospect report on regionalism, and recently published the book “Eurasian Cities: New Realities along the Silk Road” in the ECA regional studies series. He is the Program Leader and Lead Economist for Central Africa. He joined the World Bank Africa Region in January 2014 from the Operation and Policy and Quality Unit (OPCS) where he was covering Development Policy Lending and Guarantee policies and operations, and represented the unit in the Non-Concessional Borrowing Policy committee. Before OPCS, he was in the Eastern and Central Asia (ECA) region working simultaneously as trade economist and country economist of some former Soviet countries (Armenia, Kazakhstan, Kyrgyzstan and Tajikistan), as well as ECA regional trade coordinator. Before joining the World Bank as a Young Professional in September 2006, he used to be lecturer at the Ecole Nationale Superieure de Statistiques et d’Economie Appliquée (ENSEA) of Abidjan, teaching assistant at the University of Lausanne, and economist at the Economic and International Relations department of NESTLE in Vevey, Switzerland.

Publication Search Results

Now showing 1 - 10 of 16
  • Publication
    Africa in the New Trade Environment: Market Access in Troubled Times
    (Washington, DC: World Bank, 2022-02-10) Coulibaly, Souleymane; Kassa, Woubet; Zeufack, Albert G.; Mattoo, Aaditya; Coulibaly, Souleymane; Kassa, Woubet; Zeufack, Albert G.
    Sub-Saharan Africa represents only a small share of global production and trade while hosting half of the extreme poor worldwide. To catch up with the rest of the world, the continent has no alternative: it must undertake reforms to scale up its supply capacity while better linking its production and trade to the global economy. If it does so, it stands to gain from unlimited demand and innovation along the supply chain. Some progress has been made over the past decade, with the region’s exports and imports growing rapidly. Because most African economies rely heavily on trade for a large share of national income, they will also be more vulnerable to the trade disruptions of external shocks, as illustrated by the recent COVID-19 pandemic. Africa in the New Trade Environment: Market Access in Troubled Times provides a comprehensive, state-of-the-art analysis by a team of renowned trade economists who present a strategy to bolster Sub-Saharan Africa’s market access in the current global environment.
  • Publication
    Revisiting the Trade Impact of the African Growth and Opportunity Act: A Synthetic Control Approach
    (World Bank, Washington, DC, 2019-08) Kassa, Woubet; Coulibaly, Souleymane
    This study examines the impact of the African Growth and Opportunity Act using the synthetic control method, a quasi-experimental approach. The novelty in the approach is that it addresses problems of estimation that are prevalent in nonexperimental methods used to analyze the impact of preferential trade agreements. The findings show that most of the eligible countries registered gains in exports due to the African Growth and Opportunity Act. However, the results are varied, and the gains were largely unsteady. Much of the gains are due to exports of petroleum and other minerals, while there are few countries that were able to expand into manufacturing and other industrial goods. The positive trade impacts were largely associated with improvements in information and communications technology infrastructure, integrity in the institutions of legal and property rights, ease of labor market regulations, and sound macroeconomic environment, including stable exchange rates and low inflation. Undue exposure to a single market, like the United States, or few commodities may have also restricted the gains from trade.
  • Publication
    Reinvigorating Growth in Resource-Rich Sub-Saharan Africa
    (World Bank, Washington, DC, 2018-09) Izvorski, Ivailo; Coulibaly, Souleymane; Doumbia, Djeneba; Izvorski, Ivailo
    The strong economic performance of Sub-Saharan Africa’s resource-rich countries since the start of the 21st century has been celebrated as a return to more buoyant growth and renewed convergence with the advanced economies.Despite the recent progress in improving living standards and reducing poverty, achieving high and sustainable growth continues to be the main challenge for policymakers.Rwanda and Ethiopia have led Sub-Saharan Africa (SSA) in terms of per-capita growth since 2000, growing faster than South Asia. However, the gap between the resource-rich countries of Africa with East Asia and the Pacific (EAP), SAR, and the advanced economies has widened since 2010, underlining the difficulty of accelerating growth.Africa has often been portrayed as a continent of boundless natural riches that have helped pull the whole subcontinent forward. Indeed, resource-rich Africa accounts for a dominant part of SSA’s economy. Resource-rich SSA accounts for 70 percent of both the subcontinent’s GDP and physical capital, 60 percent of its natural capital, and nearly 40 percent of its population. For the continent in aggregate and in per capita terms, however, natural resources are just a bit higher than in the South Asia Region (SAR) and lag all other developing regions.One way of thinking of strengthening economic growth depends on more exploration and development of natural resources that should help increase the continent’s natural wealth, as has happened in many other developing regions.More importantly, durable prosperity in resource-rich Africa depends on building up the assets, or components of overall wealth, that are in relatively short supply. In recent years, the literature has started to focus on assets and assets diversification as a path to development, and the World Bank has led in this area. In this report, we emphasize the two complementary types of assets that Africa’s resource-rich countries need to build up to accelerate growth: one is within national borders and the other across borders.
  • Publication
    Differentiated Impact of AGOA and EBA on West African Countries
    (World Bank, Washington, DC, 2017-06-14) Coulibaly, Souleymane
    The African Growth Opportunity Act (AGOA) and Everything But Arms (EBA), two preferential agreements extended by the United States (AGOA) and the European Union (EU) (EBA) to some developing countries seem to have contributed somewhat to boost Sub-Saharan Africa’s exports since 2001. However, not all African countries have benefited from them, among which West African countries. Paradoxically, these latter countries host two of the most advanced regional economic communities in Sub-Saharan Africa: the West African Economic and Monetary Union (WAEMU) sharing a common monetary policy that has consistently maintained inflation low and forming a customs union with a compensation mechanism to uphold the common external tariff; and the economic community of West African States (ECOWAS) maintaining a regional military force (ECOMOG) and peer pressure that have rooted out military coups in its member countries. Simulations derived from a Pseudo Poisson maximum likelihood gravity model estimation show that West Africa could be exporting 2.5 to 4 times more to the EU and the US if AGOA and EBA were not implemented in a differentiated manner, in terms of country eligibility, product coverage, and rules of origins. Given such trade creation potential for a group of countries committed to deep regional integration, a revision of AGOA and EBA, or a special ECOWAS and WAEMU provision will make these preferential trade agreements a driving force behind the success of regional integration in Sub-Saharan Africa.
  • Publication
    Diversified Urbanization: The Case of Côte d'Ivoire
    (Washington, DC: World Bank, 2016-08-29) Fall, Madio; Coulibaly, Souleymane; Fall, Madio; Coulibaly, Souleymane
    Côte d’Ivoire seeks a development strategy to reach middle-income status—a challenge that would require annual growth rates averaging 10 percent over the next 13 years. Global experience of both developed and emerging economies shows that GDP per capita rises with increased urbanization. However, Côte d’Ivoire’s economy is underperforming relative to its level of urbanization. The country’s urbanization has been negatively correlated with income per capita since the late 1970s, and poverty has been increasing. Rather than consider development of cities individually, successful urbanization plans in Côte d’Ivoire should consider the country’s cities as a portfolio of assets, each differentiated by characteristics that include size, location, and density of settlements. The authors of Diversified Urbanization: The Case of Côte d’Ivoire identify three types of cities on the basis of their contribution to growth and job creation: Global Connectors, Regional Connectors along major corridors for regional transport and trade, and Domestic Connectors of localization economies for agribusiness. Stakeholders from the national government, local governments, and the private sector have a shared vision for urbanization in the country—cities that are planned, structured, competitive, attractive, inclusive, and organized around development poles. To achieve this vision and the goal of middle-income status, Ivorian policy makers need to act urgently to support diversified urbanization across all city types. This book identifies important constraints and opportunities along four dimensions: planning, connecting, greening, and financing cities.
  • Publication
    Solow in Transition : Macro and Micro Determinants of Savings in Armenia
    (World Bank, Washington, DC, 2013-07) Coulibaly, Souleymane
    This paper analyzes and reconciles macro and micro evidence on savings and factors that affect savings, as well as possible policy implications. At the aggregate level, the main question is how savings are affected by growth and macroeconomic policies and variables (fiscal policy, exchange rate, for example) and the breadth of financial markets. Some of these macro determinants can be reconciled with microeconomic evidence of the savings behavior of households. Using macroeconomic quarterly data and household survey data, the analysis explores the determinants of the savings rate at the macroeconomic and microeconomic levels, using the typical econometric models used in the literature (long-term co-integration relation and short-term error correction model for the macro determinants; linear multivariate models for the micro determinants). The long-term relationship indicates that a 10-percent increase in gross domestic product per capita would add 3.7 percentage points to the savings rate in the long run. The short-term relationship depicts a strong catch-up process to the long-run equilibrium, with quarterly changes in gross domestic product per capita and openness strongly correlated with quarterly changes in the savings rate. The characteristics of households that represent the volatility of expected income, such as education and access to borrowing or remittances, significantly impact saving rates. The macroeconomic and microeconomic analyses of the determinants of saving rates in Armenia point to three policy areas: the macroeconomic environment, the financial sector, and the role of remittances.
  • Publication
    Cities as Drivers of Growth along the Silk Road
    (World Bank, Washington, DC, 2013-01) Coulibaly, Souleymane
    Major events have reshaped the internal population flows of Eurasia, including the breakup of the Soviet Union, the development of market economies, and the rising influence of regional powers. Looking ahead, policy makers need to promote reforms to make Eurasian cities the main drivers of growth. This can be done by rethinking strategies to better plan, connect, and green the region s important urban centers. Improved planning means promoting policies to develop land and housing markets and enhance public service delivery. Greening Eurasian cities refers to ensuring their sustainable development through strong markets and institutions that encourage the efficient use of resources, address pollution, and build livable cities. To appropriately fund these needed changes, subnational finances will have to be reformed and new ways to finance cross-country connectivity explored.
  • Publication
    Rethinking the Form and Function of Cities in Post-Soviet Countries
    (World Bank, Washington, DC, 2012-12) Coulibaly, Souleymane
    Eurasian cities, unique in the global spatial landscape, were part of the world's largest experiment in urban development. The challenges they now face because of their history offer valuable lessons to urban planners and policymakers across the world from places that are still urbanizing to those already urbanized. Today, Eurasian cities must respond to three big changes: the breakup of the Soviet Union, the return of the market as the driving force of society, and the emergence of regional powers such as the European Union, China, and India that are competing with the Russian Federation for markets and influence in its former satellites. Several methods of analysis indicate an imbalance across Eurasia, implying a need to readjust Eurasia's urban structure. National policies in Eurasia are still preoccupied with spatial equity. But the concentration of economic activity in large cities is fundamental to national competitive advantage: they foster innovation through their diversity of industries -- and reduce production costs through their economies of scale. This paper suggests some ideas on how policymakers can harness the economic power of cities to drive national economic development, by focusing on four themes: planning, connecting, greening, and financing cities.
  • Publication
    Eurasian Cities : New Realities along the Silk Road
    (Washington, DC: World Bank, 2012-09-07) Coulibaly, Souleymane; Dillinger, William R.; Heroiu, Marcel Ionescu; Kessides, Ioannis N.; Kunaka, Charles
    Eurasian cities, unique in the global spatial landscape, were part of the world's largest experiment in urban development. The challenges they now face because of their history offer valuable lessons to urban planners and policy makers across the world from places that are still urbanizing to those already urbanized. More than three-quarters of the built environment in Eurasian cities was developed after 1945 in a centralized fashion. Central planners could implement whatever they considered good practice planning solutions, and Eurasia's cities became their drawing boards. The central planners got a lot right easy access to public transportation, district heating networks, almost universal access to water systems, and socially integrated neighborhoods. At the same time, they failed to acknowledge the importance of markets and individual choice in shaping sustainable and congenial places for people to live in. From a spatial point of view, it became clear that many Eurasian cities were developed in places where they should not have been. To populate sparsely inhabited territory, Soviet planners pushed urban development toward the heart of Siberia. Many of the resulting cities had no rural hinterland to rely on for daily food needs and had to depend on subsidized goods and services. Many Eurasian cities face an overdeveloped public service infrastructure that is hard to maintain and upgrade. Facing an economic downturn in the 1990s and lacking experience in decentralized urban management, many local authorities struggled to run these services. Public transport ridership fell in most cities, with more people commuting in private vehicles. Recycling networks disappeared, and soaring consumption overwhelmed solid waste management systems. District heating systems became large energy sieves hard to run and maintain without subsidies. Plaguing water systems are large shares of nonrevenue water, and low tariffs do not ensure the cost recovery needed for upgrades and repairs. This book discusses all five of these issues rethinking, planning, connecting, greening, and financing in more detail. It seeks to analyze the key challenges created by central planning, outline how these challenges were addressed in the transition years, and identify some steps Eurasian cities should take to chart a sustainable development path for themselves. The book also shows how some of the most progressive cities in the region have been tackling these problems and, in doing so, shedding the last vestiges of the socialist economy.
  • Publication
    Shifting Comparative Advantages : Implications for Growth Strategy
    (World Bank, Washington, DC, 2012-07) Coulibaly, Souleymane
    The future development of the Tajik economy will be shaped by its comparative advantage on world markets. Exploiting comparative advantage enables an economy to reap gains from trade. Tajikistan's most important comparative advantage is its hydropower potential, which is far larger than the economy's domestic requirements. Yet, high capital costs of building hydropower plants and the unstable geopolitical situation in the transit region to reach South Asian export markets are constraining the realization of this potential. In the short term, the sector, which provides the greatest opportunity for Tajikistan to diversify its exports, appears to be agro-industry and, to a lesser extent, clothing. For both sectors, the main export market is likely to be the regional market. Tajikistan also has a comparative advantage in labor exports, which it has successfully exploited since the mid-2000s. To harness the full potential for labor exports will require improving the skills base of migrant workers and, in particular, their command of the Russian language. In the medium term, the paper argues that an export diversification strategy should tap the agglomeration economies generated by cities. More specifically, establishing Tajikistan's two leading cities, Dushanbe and Khujand, and their surroundings as enclave economies, linked to each other and to major regional markets through improved transport infrastructure so as to minimize production and transportation costs. The two enclave economies should provide the supporting services (finance, logistics, transport and storage) for private sector businesses. In the long term, regional cooperation on trade and transport facilitation could be pursued to reduce transport costs to attractive regional markets such as China, India, Russia and Turkey.