En Français Key reforms are lowering barriers to foreign direct investment (FDI) and improving the ease of doing business in Côte d’Ivoire as the country looks to rebound from the Covid-19 pandemic. The government aims to increase foreign and private investment to 72% of the total and process at least 50% of raw export commodities domestically by 2030. Growth trajectory Following the global…
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Interview:Kandia Camara To what extent could Côte d’Ivoire’s membership in the African Continental Free Trade Area (AfCFTA) strengthen trade ties? KANDIA CAMARA: Côte d’Ivoire is working to boost the value of investment in the country from 23.1% of GDP in 2021 to 27.1% in 2025. This will factor in an increase in the private investment rate from 16.5% of GDP in 2021 to 20.5% over the…
Interview:Franck Riester How would you assess the level of economic cooperation between France and Côte d’Ivoire? FRANCK RIESTER: Côte d’Ivoire is a major economic partner for France, and our economic cooperation is long-standing and dynamic. This is the reason why our trade has grown since 2014 and has been able to withstand the impacts of the Covid-19 pandemic. In fact, in 2020 Côte…
Interview:Tardy Kouassiblé To what extent does exchange rate volatility risk affect the movement of funds, and what can be done to ensure financial stability? TARDY KOUASSIBLÉ: Over the past four decades foreign capital flows have intensified, driven by financial liberalisation. This has helped to increase production, support domestic demand in the various countries in UEMOA and promote growth.…
Interview:Roland Ouedraogo Where do you envision opportunities to expand the insurance penetration rate? OUEDRAOGO: The penetration rate – or more simply the share of insurance premium to GDP – is still considerably low in Côte d’Ivoire. It amounted to 1.1% in 2020 according to estimates by Atlas Magazine, compared to around 3% for the continent the same year. Real opportunities exist…
Interview:Aymeric Villebrun What measures could be implemented to increase the level of banking penetration? AYMERIC VILLEBRUN: There is a wide distribution of income and wealth in Côte d’Ivoire. A certain proportion of the country already has full access to banking services; however, there is another segment that could benefit more from these services, but the available programmes do not…
Interview:Tiémoko Meyliet Koné What measures can be taken to increase the volume of credit and encourage long-term financing? TIÉMOKO MEYLIET KONÉ: The BCEAO has implemented several mechanisms to consolidate the banking sector’s capacity and increase its ability to finance economic activity. These include assistance provided to small and medium-sized enterprises (SMEs) as part of a financial…
