Côte d’Ivoire has returned to economic growth after stabilising its political situation in 2011. The economy has grown at a rate of 9% per year since 2011, in part due to the emergence of its burgeoning industrial sector. As one of the fastest-growing African economies, with an annual GDP growth rate forecast at 7-7.5% in 2019, Côte d’Ivoire is now promoting sustainable and inclusive growth.
How is the development of the agriculture sector contributing to inclusive economic growth?
Against a backdrop of increasingly severe and financially straining climate events and natural disasters, technology is poised to play an important role in maintaining and improving global agricultural output. The adoption of digital and precision farming practices has been shown to improve crop resiliency, and boost productivity and incomes,...
How have producers been affected by the financial difficulties that face exporters?
Historically, agriculture has been the central driver of development since the nation gained independence in 1960. The country has an abundance of natural resources, and its fertile lands and favourable climate have allowed it to position itself as a key producer and exporter of some of the world’s premier soft commodities, ensuring a crucial...
A $200m loan from the World Bank is set to improve the efficiency and profitability of Côte d’Ivoire’s cashew industry, while the government is stepping up efforts to tackle the illegal smuggling of crops.
Beyond raw materials export, local processing is the key goal of the national authorities, with a target of having 50% of produce processed in-country by 2020. However, there are a number of challenges hindering the achievement of this goal.