In 2023, Ivory Coast's economic growth remained at 6.5%, after being at 6.2% in 2022, according to the Minister of Finance and Budget, Adama Coulibaly.

"In 2023, economic growth remained solid at 6.5% after 6.2% in 2022, benefiting from the implementation of the National Development Plan (NDP) 2021-2025. Inflation remained contained at 4.4% in 2023 after 5.2% in 2022. Additionally, within the context of fiscal consolidation for 2025, the budget deficit was reduced to 5.2% in 2023 from 6.8% of GDP in 2022," said Coulibaly during the opening of the second review of the Economic and Financial Program (PEF) alongside the first review of the Resilience and Sustainability Facility (FRD) as part of the International Monetary Fund (IMF) mission in the country.

Regarding the balance of current transactions, Coulibaly pointed out that the deficit stood at 7.9% of GDP in 2023 after 7.5% in 2022 driven by imports of technical services related to private investments in the oil and mining sectors.

Based on data available until the end of December 2023, all performance criteria were met and structural benchmarks were achieved, stated the minister, noting that the government will continue its efforts.

According to the minister, regarding inflation, it remained contained at 4.4% compared to 5.2% in 2022.

The source of the article is l'observateur