Africa Rising? Ivory Coast Surpassed IMF’s 2015 Growth Estimates

Ivory Coast has experienced a double digit growth in 2015 surpassing an International Monetary Fund figure of 8.6 percent. The country’s economy grew by 10.3 per cent in line with a promise made by President Alassane Ouattara during elections. Ivory Coast has since 2011 been experiencing rapid growth and increased stability .

The IMF recently concluded a mission in Ivory Coast and stated that the country’s economic outlook remains robust and this has allowed for a decline in poverty and macroeconomic imbalances have been curbed. Growth in the West African powerhouse has been formidable and the government continues to focus on infrastructure projects, job creation, and improving its business climate to lure investors after years of political paralysis.