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The executive directors of the International Monetary Fund (IMF) have expressed concern about the continued deterioration of Cote d'Ivoire's economic and financial situation over the last three years. A report issued after the conclusion of consultations with the Ivorian authorities noted that the country's real Gross Domestic Product (GDP) was projected to decrease by about 1 percent in 2001. Gains expected in manufacturing and services will not be enough to offset negative growth in agriculture, according to the report, which was released to the public on Tuesday.
Consumer price inflation is expected to rise to 4 percent, reflecting increases in the cost of transport and staple foods, the report said. The external current account deficit is expected to remain unchanged at 5.5 percent of GDP in 2001, as export earnings are projected to remain weak and imports to recover only slightly. "This forecast is based on the successful implementation of the staff-monitored program covering the second half of 2001," the report said.
This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions
