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IMF says Ivory Coast close to hitting growth targets

2016-03-16 1 Dailymotion

The IMF says the Ivory Coast economy continues to grow and will post 8.5% this year, a tad down on last year’s 8.6%.<br /><br /> Inflation is also forecast to remain low in the world’s biggest cocoa grower, and biggest economy in west Africa, which is emerging as one of the continent’s success stories.<br /><br /> However the IMF prediction is more than one percent shy of the Budget ministry’s January forecast of 9.8% growth.<br /><br /> The country has overcome a decade of political turmoil as President Alassane Ouattara promised to deliver 10% growth annually through 2020. It recently suffered its first attack from ISIL, but Ouattara says it will not hit the important tourist trade.

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