Publication: Côte d’Ivoire - Country Economic Memorandum: Sustaining the Growth Acceleration
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2021-04
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2021-04
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The Ivorian economy needs to sustain its growth momentum. During the last decade, Côte d’Ivoire’s growth performance has been impressive. To achieve its ambitious goal of reaching emerging market status within one or two generations, however, it needs to maintain the strong growth for many years to come. Fewer than 15 countries have managed to sustain high growth for over 25 years in the postwar period, and their experience has shown that increasing productivity is at the heart of it. To follow in their footsteps, Ivorian growth also needs to be more inclusive and reduce structural imbalances, including the gap between the economic capital, Abidjan, and the rest of the country. This report addresses this question.
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“World Bank. 2021. Côte d’Ivoire - Country Economic Memorandum: Sustaining the Growth Acceleration. Country Economic Memorandum;. © World Bank. http://hdl.handle.net/10986/37233 License: CC BY 3.0 IGO.”
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It is largely based on the analysis of Enterprise Survey data; which are surveys of mostly manufacturing, formal sector enterprises in the major industrial centers of an economy. Cote d'Ivoire is one of the very few countries in Sub-Saharan Africa with a ratio of manufacturing to GDP higher than 15 percent.Publication Cote d'Ivoire Economic Update, March 2015(World Bank, Abidjan, 2015-03)First in a series, which aims to analyze the recent economic and financial situation in Côte d'Ivoire, this report analyzes the main macroeconomic developments and structural policies of the country from 2013 until mid-2014. It also reflects on the underlying factors of the strong economic recovery in Côte d'Ivoire since the end of the post-election crisis, to assess the likelihood of sustained economic growth and significant poverty reduction in the country. Finally, the report analyzes the effects of declining oil prices and the appreciation of the dollar against the euro and the CFA franc on the Ivorian economy. This edition does not examine the impact of strong economic growth on the Ivoirian population's well-being indicators such as, poverty, employment and inequality. Within the scope of this report, the objective is to understand the factors contributing to the strong economic recovery in Côte d'Ivoire. This economic update is targeted toward a larger audience, in order to stimulate constructive debate on public policy in the country and between the country and its development partners.
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