THE PROSPERITY OF THE IVORY COAST IN REVIEW

THE PROSPERITY OF THE IVORY COAST ,BEING A PAPER PRESENTED BY OTCHERHIWHEGH ABDULMUMINI IREYI ADEKU,THE FOUNDER ,ENCYCLOPEDIA EXPRESS OR THE E.N.M. PAEDIA EXPRESS MULTIMEDIA GROUP OF LAGOS,NIGERIA AT THE CRIMMD FREE PUBLIC LIBRARY LIBRARY ,IDIMU,EJIGBO-LAGOS,NIGERIA ON THE 7TH OF AUGUST,2019...

The Ivory Coast is smiling to the bank on a daily basis this days and that is due largely  not just to the credit of  having Alhassan Ouattara as President but an inside based recruit from the International Monetary Fund's [I.M.F.]

For starters the nation did not have its economy growing so fast n recent years ,they actually fought a civil war after enjoying several decades of a stable democracy under the nation's founding father, Felix Houphet-Boigny..

The Ivory Coast is an economic power house and with Abidjan, The Paris of the continent and its business capital and Yamoussokro, its political capital holds a pleasant place in the heart of first time visitors with 250,000 tourists visiting in 2010 alone and as 1.44million in peak traffic in 2015..

It is the world's largest Cocoa producer ,in 2013 alone it shifted 1.5 million metric tones of Cocoa beans .

Its G.D.P. is growing at 7.3 percent  at 2019 with the services sector holding the larger chunk of her economy at 53.3 percent while industry and agriculture share the remainder.

Inflation is put at 0.3percent as at 2018 with the West African Monetary terms of exchange ,C.F.A. commonly being used by natives .

The human development index is put at 0.5 percent ,while ease of doing business makes it to be ranked 142nd since 2017..

Foreign direct investments play a key role in the Ivorian economy as it accounts for between 40 percent and 45 percent of total capital in Ivorian firms with France being overwhelmingly the most vital foreign investor in recent years.

French investments has accounted for about a 1/4 of the total capital in Ivorian firms and between 55 percent to 60 percent of the total stock of foreign investment capital .

The stock market capitalization of listed companies in the Ivory Coast was put at 2.33million dollars in 2015 by the world Bank..

A Moroccan outfit ,Agentis has started construction plans on a hospital project in Adzope ,The Ivory Coast ,worth a fee of around 50 million .

However ,in the field of Cocoa production there are Germaine human rights concerns of under aged or forced labour with cocoa sales to the United States alone worth 700 million dollars in 2018..

Cocoa accounts for 40 percent of exports and the United States is the 3rd largest destination for Ivorian beans after Belgium and Holland.

The Ivory Coast is also renowned for the growth of coffee and 2018 had being hailed specially by analysts as a watershed in the nation's agronomic history for coffee production..

It was disclosed  also that the nation's special techniques for farming coffee easily helps to put wealth in the hands of a generation in a family..