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Ivory Coast President Alassane Ouattara, highlighted the resilience of the Ivorian economy in the face of crises and expressed the hope that it would demonstrate brighter economic prospects
Ivory Coast President Alassane Ouattara, highlighted the resilience of the Ivorian economy in the face of crises and expressed the hope that it would demonstrate brighter economic prospects.
In his 3rd State of the Nation Address to the Members of Parliament and Senators recently, the Head of State stressed that in the face of global inflation, the Ivorian government has taken measures to maintain this upward trend.
He also said that his government supported millers to the tune of 62 billion CFA francs (US$100 million), to strengthen the sector. This has helped in reducing the impact of the rise in the price of wheat because of the Russian-Ukrainian War.
For fuel, 725 billion CFA francs in state subsidies have been granted to mitigate the impact of international price increases. This worked out to 2% of the Ivorian gross domestic product (GDP). He also listed various programs being carried out by the government in areas like the agricultural, fisheries, and animal resources sectors to ensure food security in the country.
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Mr. Ouattara announced for 2023, strong actions amounting to 361 billion CFA francs directed mostly at young people, would be carried out. A program valued at 1,118 billion CFA francs is planned, for the benefit of more than 1.5 million young people, for the period 2023-2025.
