Public Management

Côte d'Ivoire faces agricultural challenges as El Niño intensifies climate disasters

Côte d'Ivoire faces agricultural challenges as El Niño intensifies climate disasters
Friday, 23 February 2024 14:29

(Ecofin Agency) - Côte d'Ivoire is facing the repercussions of climate change, and now the El Niño phenomenon poses an additional threat, particularly to the agricultural sector, which contributed 16.7% to national GDP in 2022, as reported by the World Bank.

The country is currently experiencing exceptional heat waves, according to report by the Société de gestion des aéroports et de météorologie de Côte d'Ivoire (SODEXAM). In an information note published on February 20, SODEXAM explained that this worrying heat trend is mainly caused by El Niño, which is characterized by abnormally high water temperatures in the eastern part of the South Pacific Ocean.

The effects of El Niño are currently being felt through high temperatures, rainfall deficits of 13% in January 2024, and a +1.1°C rise in temperature compared with the average of 26.8°C for January and February, the note reads. This phenomenon complicates existing challenges related to climate change, particularly in the agriculture sector, which plays an important role in GDP, according to the World Bank's 2022 data. The cocoa-coffee board noted that the global cocoa harvest, of which Côte d'Ivoire is the world's leading producer and exporter, is set to fall by 20% to 1.8 million tons in 2023/2024. This drop is the result of poor weather conditions and diseases affecting plantations, leading to a rise in world cocoa prices. The impact of El Niño could exacerbate these problems, threatening not only cocoa but also other agricultural sectors, raising concerns about inflation on the local market and difficult working conditions in the various estates.

"It's been extremely hot for several months, and it's heavily felt at home, on the streets and on the way to work. I have to run my air conditioner at full blast when I get to the office; otherwise, it's simply not tolerable. I can't even imagine what it's like for those who have to work outside," says a worker in Abidjan, the economic capital.

To meet these challenges, the Ivorian government has secured $1.3 billion in assistance from the International Monetary Fund through the Resilience and Sustainability Facility (RSF). This funding is intended to support reforms aimed at combating and mitigating the effects of climate change, showing the government's determination to maintain its status as an upper-middle-income country.

Weather forecasts are being closely monitored, and temperatures are expected to remain high until peaking in March 2024, according to SODEXAM.

On the same topic
• WAEMU’s tax revenue remains far below the 20% benchmark, stuck at 14% of GDP• IMF projects target may not be reached before 2048, possibly as late as...
Emerging Africa & Asia Infrastructure Fund (EAAIF) raises $325 million in new round Funds to support infrastructure in renewable energy,...
• The Islamic Development Bank will provide Algeria with $3 billion over three years.• Funds will support development projects including expansion...
• IFC plans to grant a $30 million loan to Banque El Amana, pending June 2025 board approval.• The funding will increase credit access for MSMEs,...
Most Read
01

The African Development Bank has approved a $304 million loan to Botswana to support the southe...

African Development Bank Approves $304 Million Loan to Support Botswana's Fiscal Stability and Economic Reforms 
02

BRVM and Africa50 signed a deal to create new infrastructure financing tools The plan inclu...

BRVM and Africa50 Partner to Fund Infrastructure in WAEMU
03

The Economic Community of West African States (ECOWAS) parliamentarians met in Lomé from May 6 to 9,...

ECOWAS Parliament Calls for Airfare Tax Cuts to Make Flying Affordable
04

Nigeria’s audit industry grew 65% in 2024, reaching 28.2 billion naira ($14.4 million). KPMG, EY,...

Big Four Hold 99% Share of Nigeria’s Audit Market in 2024
05

Africa’s digital economy is growing rapidly, and the demand for data storage, processing power, and ...

Safaricom and iXAfrica Launch East Africa’s AI-Ready Data Centre Services
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.