Cote d’Ivoire: “Ivorian economy records 7.4% sustained growth in 2021” (minister)
“Like other countries, the foreign trade of Côte d’Ivoire took place in 2021, a year after the start of the Covid-19 health crisis, in a remarkable context with the recovery of the world economy. The Ivorian economy recorded a continuous growth of 7.4. 2020- % in 2021, after the level of 2.0% achieved in
He was speaking at the opening of the 2021 External Accounts Dissemination Day held on the 12th floor of Côte d’Ivoire’s headquarters building this Thursday, January 12, 2022. Central Bank of West African States (BCEAO) in Abidjan-Plateau.
According to Adama Coulibaly, this indicator can be justified not only by the recovery of the global economy, but also by the implementation of the National Development Plan (NDP) for 2021-2025, one of the main goals of which is to create conditions for sustainable development. implementation of large-scale projects throughout the country. Also, he adds, despite some obstacles, these results, which are constantly evolving, bring Côte d’Ivoire closer to completeness and high reliability for reliable external accounts, according to the standards set by the Foundation. and able to project a loyal image of the Ivorian economy.
According to Mr. Coulibaly, recognizing the need to ensure the internal and external balance of the Ivorian economy, “The Government will continue to provide the necessary efforts based on the results of the external accounts and other macroeconomic accounts. for the increased transformation of our raw materials.”
According to Minister Adama Coulibaly, special attention is also paid to the strengthening of the socio-economic infrastructure, the attraction of foreign private capital, debts that can be controlled and implemented in the long term, as well as structural reforms.
However, he believes that “all these measures can be implemented only if the government has reliable statistics on foreign accounts that allow to guide the economic policy correctly, foresee structural changes and economic developments and respond promptly to them. .
He used the opportunity to convey his congratulations to the Director General of Treasury and Accounting, the Chairman of the Balance of Payments Committee, the National Director of the BCCI, the Secretary of the said Committee, as well as all the members of the Treasury. Balance of Payments Committee, 2021 for efforts to draw out foreign accounts.
At the same time, development partners and above all business leaders and farm operators who recorded a response rate of 92.1% in 2022 after 91.4 with their good cooperation and active participation in data collection operations through the 2021 Balance of Payment survey % achieved in 2021 for
Earlier, the National Director of the Central Bank of West African States (BCEAO) Chalouho Coulibaly recalled that every year BCEAO collects data through surveys among several companies in order to compile balance of payments statistics.
These data play an important role in the field of economic analysis, especially in terms of assessing the competitiveness of the economy and the attractiveness of foreign capital flows in terms of foreign trade.
“This year’s survey was conducted between July and August 2022 among 832 structural samples and recorded a record response rate of 92.1% compared to the previous year’s 91.4%. This performance reflects the increasingly prominent cooperation of business leaders, and I would like to welcome it,” he said.
The organization of the day of dissemination of foreign accounts responds to the need not only to provide feedback to the structures in question, but also to encourage exchanges and reflections on economic issues highlighted in the balance of payments.
Today was marked by the presentation of the results of the survey, which was related to the topics of discussion, in particular, the presence of a structural deficit of certain accounts or even a decrease in the surplus of the goods balance.
In addition to the foreign accounts of 2021, the second topic “The impact of exogenous shocks on foreign trade in Côte d’Ivoire, the example of the covid-19 pandemic, the Mali crisis and the Russia-Ukraine war” was discussed. .