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Economy

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Description
In a context marked by a slowdown in agricultural output, the Ivoirian economy grew strongly for the fifth straight year at 8.4% in 2016 (African Development Bank estimate). Propelled by Tourism and its main GDP contributors Cocoa and Coffee, it is a great place to live and work. The government is implementing a new development plan (Plan national de développement 2016 20 – PND), which emphasises diversifying production by capitalising on comparative advantages, especially the improved share of processed raw materials and the full value chains that have been developed in the agricultural sector. The cost of the PND is estimated at XOF 30 trillion (CFA Franc BCEAO), or USD 60 billion, 62% of which will be financed by private investments, mainly in the form of public-private partnerships, and 38% by national and international public resources. The 2016-20 PND has been strongly backed by Côte d’Ivoire’s development partners, which committed USD 15 billion in financial support at the May 2016 advisory group meeting in Paris. (Source African Development Bank: https://www.afdb.org/en/countries/west-africa/cote-d’ivoire/cote-divoire-economic-outlook/)
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