Côte d'Ivoire is planning to mobilise FCfa 1,119 billion (USD 1.91 billion) on the bond markets to finance its 2016 budget, the Ivorian Minister in charge of the budget, Aboudramane Cissé (picture), announced on 1st October.

The government has set the state budget for 2016 at FCfa 5,813 billion, an increase of 11% compared to 2015, the minister added during a press conference.

The Finance bill forecasts an increase of 10% in budget revenues, with FCfa 3,002 billion and a budget deficit of 3.6%. About 21% of the budget will be allocated to servicing the debt.

The International Monetary Fund (IMF) estimated, on 25th September, that the Ivorian economy would register a growth of 8.4% per year in 2015 and 2016.

Côte d'Ivoire has posted high growth since the end of the civil war in 2011 (+9.8% in 2012, +8.7% in 2013 and 8.3% in 2014), thanks in particular to public investments in infrastructure.