Cote d’Ivoire President Ouattara projects 7.2% GDP growth in 2023

Cote d'Ivoire President Ouattara projects 7.2% GDP growth in 2023

The President of Côte d’Ivoire, Alassane Ouattara, delivered his third State of the Nation Address at the Sofitel Abidjan Hotel Ivoire on April 25, 2023, highlighting the country’s resilience in the face of economic crises and announcing a brighter economic outlook.

Despite global inflation and rising wheat prices due to the Russian-Ukrainian war, the Ivorian government has taken measures to maintain an upward trend in the economy.

This includes providing support to millers to the tune of 62 billion CFA francs ($100 million) and granting 725 billion CFA francs in state subsidies for fuel to mitigate the impact of international price increases on transport and goods. In addition, a vast program has been adopted to ensure food security in the agricultural, fisheries, and animal resources sectors.

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President Ouattara also noted that the Abidjan Declaration on Nutrition was unanimously welcomed during the African Union Summit held in February in Addis Ababa, which is a Call to Action for food and nutrition security and human capital on the continent.

Despite the difficult situation, Côte d’Ivoire has continued its dynamic development of basic social infrastructure such as roads, education, electrification, drinking water supply, health facilities, training, and youth development.

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President Ouattara pledged to continue his commitment to modernize the country and announced “strong actions” amounting to 361 billion CFA francs programmed for the benefit of young people in 2023. He also dedicated this year to youth and planned a program valued at 1,118 billion CFA francs for the period 2023-2025, for the benefit of more than 1.5 million young people.

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