Côte d’Ivoire’s economical performance has been remarkable with a robust GDP growth which resulted in a decline in poverty in the last four years. The authorities adopted a new national development strategy for the 2016-2020 period, along with its National Development Plan (NDP) 2016-2020 which encompasses significant structural reforms to attain a continual private sector directed and inclusive increase, together with the structural transformation of the market. The NDP 2016-2020 builds on lessons learned in the 2012-2015 NDP execution, and aims at realizing the emerging market standing for Côte d’Ivoire in 2020, with a significantly rate. that is decreased poverty!
President Ouattara reshuffled his cabinet on January 6, 2016, two months after he was reelected for another five-year period on October 25, 2015. Draw up a fresh constitution which he intends to set to a referendum in the course of 2016 and President Ouattara seeks to deepen national reconciliation. The President has indicated the state will vote in municipal and legislative elections in late 2016. The authorities priorities comprise handling high youth unemployment and redistributing riches that is irregular.
At the Grand Bassam beach resort, a lethal terrorist attack happened on March 13, 2016. It was the first terrorist attack in the state’s history. !
With GDP growth reaching 8.4% in 2015 and projected at 8.5% in 2016, economical activity kept its dynamic speed across all sectors gaining from a robust aggregate demand and a surge in both private and public investments. In agriculture, generation rose across important crops including cocoa (36%), java (16%), cashew nuts (18%) and sugar (12%); profiting from cost guarantee schemes for farmers and the execution of private-public creation fostering systems. The total industrial production index increased by 10.5%, with the manufacturing and building sub-sector indices increasing respectively by 10 and 23%. In services, the index of turnover in the retail sector climbed by 7%, telecom subscribers increased by 14%, and the elements of transportation services grew. This represents the results of public investment plans, company environment reforms and the increases in families’ income.
The poverty prevalence in Côte d’Ivoire somewhat decreased from an estimated 51% in 2011 to 46% in 2015 in response to the recent rebound of economic growth. Between 2008 and 1985, the estimated share of the people living below the poverty line rose from around 10% to about 49%. In this time, the increase in severity and the depth of poverty was spectacular. The findings of the 2015 Dwelling Standards Tracking Survey (LSMS – ENV2015) show that poverty has decreased to 46% in 2015 as the market rebounds as an outcome of improved conditions in both rural and urban areas. Poverty is still rural with differences in access to basic services, and gender disparities across urban and riches -rural groups.