InternationalAPA




2021-2023: Cote d’Ivoire expects debt plunge during period

Cote d'Ivoire's debt "should remain sustainable” and would decline over the period 2021-2023 from 39.5 percent to 37.6 percent, government…

Cote d’Ivoire’s debt “should remain sustainable” and would decline over the period 2021-2023 from 39.5 percent to 37.6 percent, government spokesman Sidi Tiémoko Touré said in Abidjan at the end of Wednesday’s Council of Ministers meeting.“Public finances would show a good evolution over the period 2021-2023 with the consolidation of the budget deficit which would decrease from 4.7 percent in 2021 to 3 percent in 2023. The debt should remain sustainable. The debt ratio would decline over the period 2021-2023 from 39.5 percent to 37.6 percent,” Touré added.

 

He went on to say that the draft state budget for the year 2021 would amount to CFA8,629.1 billion and should increase to CFA9,129.8 billion in 2022 and CFA9916.3 billion in 2023.

The spokesman for the Ivorian government stressed that over the same period, economic activity should show an average annual growth rate of 6.5 percent.

“Inflation would be maintained at 1.8 percent on average, the current account deficit would rise from 2.3 percent of GDP in 2021 to 2.9 percent of GDP in 2023. The monetary situation would be characterised by an increase in the money supply of 11.3 percent on average” he said.

 Touré who was announcing Cote d’Ivoire’s main economic prospects over the period 2021-2023, concluded by indicating that public finances would show a good evolution over the period 2021-2023 with the consolidation of the budget deficit which would fall from 4.7 in 2021 to 3 percent in 2023.

 

Follow the live information on our channel