Public Management

Côte d'Ivoire Plans 11.5% Budget Increase for 2025

Côte d'Ivoire Plans 11.5% Budget Increase for 2025
Friday, 14 June 2024 13:21

Côte d'Ivoire's government announced an 11.5% increase in the national budget for 2025, raising it to FCFA 15,301 billion ($25.1 billion) from FCFA 13,720.7 billion ($22.5 billion) in 2024. Government spokesman Amadou Coulibaly made this announcement following a cabinet meeting on June 12, 2024.

Government projections show this upward trend continuing, with the budget reaching FCFA 17,070 billion ($28.1 billion) in 2026 and FCFA 17,480 billion ($28.7 billion) in 2027. The government aims to improve the efficiency of domestic revenue collection and control operating expenses. It will maintain public debt sustainability to boost investments and anti-poverty spending.

"The government's economic and financial policy will focus on implementing development strategies initiated in previous years," the government stated.

In recent years, Côte d'Ivoire has experienced positive economic momentum with favorable growth prospects. In May, Standard & Poor’s Global Ratings upgraded the country's outlook from "stable" to "positive," maintaining a "BB-" rating. This followed the successful issuance of a $2.6 billion eurobond in January by the world's leading cocoa producer.

Additionally, Côte d'Ivoire recently secured two financing agreements totaling $4.8 billion with the International Monetary Fund (IMF) under the Extended Credit Facility (ECF), the Extended Fund Facility (EFF), and the Resilience and Sustainability Facility (RSF).

The multi-year budget plan for 2025-2027 is based on an average annual GDP growth forecast of 7.4%.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
IFC signals interest in telecom and digital infrastructure projects Guinea seeks partners to close gaps in connectivity and network...
Banks in the West African Economic and Monetary Union hold excess reserves more than three times the regulatory minimum. The Central Bank of West...
Nedbank launches $852M tender offer for 66% of Kenya's NCBA Shareholders holding 77.5% of capital have committed irrevocably Nine...
Draft law allows foreign insurers to enter market under ownership limits Foreign stakes capped at 40% per firm and 49% combined Reform aims...
Most Read
01

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
02

From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...

Weekly Health Update | Africa Steps Up Pandemic Preparedness as Health Sovereignty Takes Center Stage
03

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
04

Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...

Ecobank's Quiet Inclusion in the AfDB Mission Reshapes the Abidjan-Lagos Corridor Story
05

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
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.