The Ivorian government plans to allocate CFA4,121 billion ($6.63 billion), or 26% of total spending, to servicing and repaying its debt in the 2025 budget. Finance Minister Adama Coulibaly made this announcement yesterday during his presentation of the draft Finance Law to the Economic and Financial Affairs Committee of the National Assembly.
As of June 30, 2024, Côte d’Ivoire's public debt stood at CFA28,944.7 billion, equivalent to 55.2% of the country’s GDP. This remains below the regional threshold of 70%. Projections indicate that the debt will rise to CFA32,000.1 billion by the end of 2024 and further to CFA34,656.7 billion in 2025, with an average annual growth rate of 8.5%. Despite this increase, debt servicing costs are expected to decline slightly, from CFA4,507 billion in 2024 to CFA4,181.2 billion in 2025.
The government continues to follow its 2022–2026 Medium-Term Debt Management Strategy, which aims to source 45% of financing externally and 55% domestically. This approach seeks to reduce debt-related costs and risks while ensuring sufficient resources for national priorities. Between January and September 2024, the government repaid CFA1,583 billion. Additionally, Côte d’Ivoire is among the countries with the lowest borrowing costs on the regional debt market within the West African Economic and Monetary Union (WAEMU).
For 2025, the state budget is set at CFA15,339.2 billion, marking an 11.8% increase compared to 2024. Budgetary resources are estimated at CFA7,865.4 billion, while expenditures will amount to CFA9,843.9 billion.
With a consolidated budget deficit of 3% of GDP and an expected tax pressure rate of 15.4% of GDP in 2025, Côte d’Ivoire aims to strike a balance between ambitious fiscal plans and financial discipline to support economic growth.
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
Egypt targets doubling oil production within five years Government renegotiates contracts to attract foreign investment Plan includes arrears...
Douala port to build 300 MW power plant CFA 628 billion BOT project backed by Chinese firms Plant aims to secure power, ease grid pressure The Port...
Gabon unveils Elobey VI for Libreville–Port-Gentil route Vessel supports river, maritime logistics strategy Route vital amid limited, poorly paved...
In volume terms, Botswana is Africa’s largest diamond producer and the world’s second largest. While Angola is unlikely to challenge that position in the...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...