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Cote d’Ivoire Brief Outlook

28 October 2015
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Welcome to Ivory Coast or rather to Cote D’Ivoire. A West African country known for its cocoa production.

It’s the world's largest producer of cocoa. Cote D’Ivoire is not only the top producer of cocoa, but also a major producer of rubber, cashew nuts, and palm oil. Yet the legacy of the ten year civil war is such that security remains fragile, infrastructure remains badly damaged and poverty levels remain stubbornly high.
Politically the country is stable, although dialogue between the government and the opposition remain inadequate, the government of President Ouattara has taken steps to calm the political climate: releasing pro-Gbagbo (former president) prisoners, allowing the return of high-level political refugees and unfreezing their bank accounts. As for the justice system, legal advocates contend that it is still discriminatory in its treatment of opposition figures.
Overall, the economy has continued its robust two-year growth in 2014 at an estimated 8.3%, with similar expansion expected in 2015 and 2016. Output growth, supported by strengthening private consumption is experiencing steady growth. Public and private infrastructure investment and household consumption accounted for most internal demand, while external demand boosted commodity exports thanks to higher world prices. The economic growth of Cote d’Ivoire is partly driven by local and foreign investors, establishing their own firms and enjoying the relatively rehabilitated market-based economy.
The country is today more attractive, especially for foreign direct investment.
Visit Cote d’Ivoire.

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The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

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