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Economy of Côte d’Ivoire

Since the end of the post-electoral crisis in April 2011, the political situation in Cote d’Ivoire has stabilized. The country held a peaceful and credible presidential election on October 25, 2015, which turned a symbolic page on its conflict-ridden past. Despite a more stable political environment and increased prosecutions in 2015, Ivoirians continue to be involved in regional criminal activities, such as the smuggling of consumer goods and agricultural products, and in the subsequent laundering of the proceeds. A population pyramid illustrates the age and sex structure of a country’s population and may provide insights about political and social stability, as well as economic development. The population is distributed along the horizontal axis, with males shown on the left and females on the right.

Access to up-to-date information from government ministries is difficult for ordinary citizens to acquire, although some ministries do publish information online. In 2013, the National Assembly passed an access to information law, but enforcement has been inconsistent. The HABG requires public officials to submit asset declarations, but this is not well enforced. Corruption and bribery remain endemic, and particularly affect the judiciary, police, and government contracting operations.

Read more about buy instagram followers cheap here. Despite attempts by the government to diversify the economy, it is still largely dependent on agriculture and related activities. Forced labor by children bought and sold as slaves is endemic in cacao production. The government’s public investment plan accords priority to investment in human capital, but it also will provide for significant spending on economic infrastructure needed to sustain growth.

Africa, amid global challenges is still one of the most attractive investment destinations with natural resources, giving it the potential for enormous growth and innovation. The region’s largest economies — Ghana and Nigeria — both slowed significantly in 2020. Nigeria is expected to recover in 2021 with an expected growth rate of 3.2%, with oil surging in May 2021 and a recovery in oil demand. Robust growth in oil sector activity in the medium term will also support the country’s growth.

According to the World Bank, its C02 emissions per capita were 7.5 metric tons in 2018, significantly higher than the global average of 4.5 tons and twice that of middle-income economies of 3.7 tons. In 2020, 86% of South Africa’s electricity came from coal, which is locally sourced, compared to the global average of 34%. This, coupled with the fact that it is a highly unequal and debt-burdened economy, makes it a perfect test case for the application of concessional green financing from developed countries. This played out again in 2020, where; Morocco and Egypt attracted most of the investment in the North; South Africa is the key hub in the Southern region; Kenya in the East; Nigeria and Ghana in the West; Angola in the Central region; Côte d’Ivoire in FSSA.

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