Finance

Côte d’Ivoire Allocates 26% of 2025 Budget to Debt Servicing and Repayment

Côte d’Ivoire Allocates 26% of 2025 Budget to Debt Servicing and Repayment
Wednesday, 20 November 2024 14:31

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.

On the same topic
Inflation dropped to 3.2% in March 2026, down from 25.8% a year earlier, marking 15 consecutive months of decline The Ghana Reference Rate was...
(BIDC) - The ECOWAS Bank for Investment and Development (EBID) has approved USD 266.7 million and XOF 30 billion to support a portfolio of strategic...
Nigeria's Senate approved an additional $6 billion in external borrowing on March 31. The news is backed by several reforms that lifted GDP...
Nigeria’s 2026 budget rises to $49.4 billion to fund infrastructure, public services, and carry-over commitments;  $7.7 billion of...
Most Read
01

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
02

WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...

WAEMU Trade Surplus Widens to $5.8 Billion in Q4 2025 on Strong Export Gains
03

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
04

Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...

Ethio Telecom Turns to Green Power to Secure Network Expansion
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.