The Ivorian government announced yesterday it has revised its 2021 state budget upward. From $14.8 billion, the budget is now $16 billion.
According to authorities, this decision was necessary given “the impacts that Covid-19 has had and continues to have on the economy, and the need to improve the living environment and well-being of the population.”
While the poverty rate in Côte d'Ivoire has fallen from 44.4% in 2015 to 39.5 in 2018, according to the World Bank, it remains high. The institution urged the country to strengthen its development strategy for a better distribution of wealth. During a meeting, last month, the President of the World Bank Group, David Malpass, and the Ivorian Prime Minister, Patrick Achi, discussed issues relating to economic diversification, the need for land reforms, improving access to financing, investment in human capital, and the importance of peace and stability in the Sahel region.
For next year, Côte d'Ivoire is eyeing a $17.6 billion budget. The amount will cover 30 allocations and 150 programs.
Dorcas Loba (intern)
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime ag...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
Airline orders 10 Boeing 737 MAX 8 to modernize fleet and boost capacity Deliveries set between mid-2026 and 2027 as part of broader expansion...
Company says climate strategy may be adjusted as global transition lags Strong oil and gas demand continues to shape its outlook No new...
Government considers raising ethanol mix in gasoline from 5% to 20% Policy aims to cut pump prices and reduce reliance on fuel imports High...
Togo aims to raise access to clean cooking solutions to 80% by 2030 under its national energy pact. The government has launched preparatory...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...