How Côte d'Ivoire intends to finance an ambitious 2021 budget - Jeune Afrique

0 3

Giscard d'Estaing Bridge in Abidjan, Ivory Coast.

Giscard d'Estaing Bridge in Abidjan, Ivory Coast. © Jacques Torregano for JA

Despite the crisis, Côte d'Ivoire has adopted a budget for 2021 which has increased by nearly 7% compared to the previous year. All without resorting to eurobonds.

Despite the global crisis linked to Covid-19, the government has drawn up a very ambitious 2021 budget, up 6,9% compared to the 2020 budget, still running.

Worth a total of 8 621,1 billion CFA francs (13,14 billion euros), this provisional budget must "contribute to the revival of economic activities deeply impacted by the effects of the pandemic and to pursue the objectives of development of the government oriented towards improving the living conditions of the populations, ”said Sidi Touré, government spokesman and Minister of Communication and Media, after the Council of Ministers of September 30, where this provisional budget was adopted.

UEMOA, an attractive market but under pressure

To finance the 35 or so allocations and 149 planned budget programs, Côte d'Ivoire intends to seek 3 billion CFA francs, part of which is on the WAEMU financial market.

This article appeared first on rss-feed-young-africa-15-05-2018

Leave a comment

Your email address will not be published.