26 October 2021
This report, initiated at the request of His Excellency President Alassane Ouattara to Hafez M. H. Ghanem, Regional Vice President for Africa, World Bank Group, is the first country application of the new regional strategy, Supporting Africa's Transformation. Albert Zeufack, the Chief Economist of the World Bank Group Africa Region, led a team to synthesize knowledge and experience from CÃ´te d'Ivoire and across the world. The report incorporates the perspective of the new International Development Association agenda, Jobs and Economic Transformation, and addresses three operational objectives for CÃ´te d'Ivoire: create sustainable and inclusive growth by maintaining macroeconomic stability, fighting corruption, advancing digital transformation, and maximizing private finance; strengthen human capital by empowering women, reducing child mortality, and stunting, and improving education, health, and social protection; and build resilience against fragility and climate change. The National Development Plan 2016-20 consolidated pro-market reforms and reaffirmed the ambition to reach upper-middle-income status. Cote d'Ivoire is embarking on a strategy to sustain strong gross domestic product (GDP) growth through 2030 while rapidly reducing poverty. Cote d'Ivoire's aspiration of becoming an emerging market economy with a low level of poverty requires a long period of strong and inclusive growth. The report analyzes growth trajectories and identifies the investments needed to achieve and sustain the desired level of growth, along with the corresponding financing needs. It discusses the opportunities presented by the country's surplus labor, young population, and huge diversification potential.
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