MEASURES IN FAVOR OF THE IVOIRIAN PRIVATE SECTOR

Prime Minister unfolds government program

With more than 15,000 member companies, an 80% share of government revenues and an expected 60% contribution to the National Development Program 2016-2020 (PND), the Ivorian private sector deserves a new look. It is in this context that the Prime Minister, Amadou Gon Coulibaly, was invited to a meeting of exchanges and sharing organized by the General Confederation of Enterprises of Côte d’Ivoire (CGECI), called “The TI ‘DEJ’ Of the Patronage “. It was Thursday, July 06, 2017

The consolidation of the Ivorian economy will be achieved with the participation of all stakeholders, including the private sector, which is the driving force behind growth in all modern economies. Aware of this state of affairs, the government of Prime Minister Amadou Gon Coulibaly has made it one of the strategic axes of its economic development policy. Also, the choice of the theme of the day, “economic policy of the government, what place for the private sector? “, Allowed the head of government to enlighten the private sector on the main priorities to raise Côte d’Ivoire to the rank of Emerging Countries by 2020, in relation to the business environment, fiscal and fiscal policy And more broadly sectoral policies and support to the private sector.

About the Business Environment

The improvement in the safety index of -3.8% in 2012, to 1.1% today; To external debt management at 42.6% in terms of the debt – to – GDP ratio after the recent Eurobond, from the increase in private investment from 1,000 to 3,000 billion CFA Francs, the business environment in Côte d’Ivoire has made notable progress. Overall, the investment rate rose from -8.9% in 2011 to more than 20.5% in 2016. The Ivorian economy is now more resilient to crises, as evidenced by its progress in the Doing ranking Business and the release of civil servants’ wages to the tune of CFAF 244 billion in a particular context. Indeed, the country has increased by 29 places, from 168th to 139th place from 2010 to 2016. It is quite right that it was cited among the 10 most reforming states in the world between 2014 and 2015. This good performance has been accompanied by improvements in governance and the perception of corruption index. Thus, the country has made a qualitative leap from 146th place in 2010, to 108th in 2016 with regard to Transparency International. Over the same period, it also rose from 44th to 21st place following the Mo Ibrahim Index of African Governance.

Efforts made with respect to businesses and civil servants

“With regard to the stock of domestic debt, the Ivorian government agrees to pay CFA 232 billion to providers in 2017, starting with the oldest claims. Other receivables will be taken into account as and when they are received. Prime Minister Amadou Gon Coulibaly has expressed his reassurance and optimism with regard to the state’s willingness to face all its claims. In order to allow the government to carry out its economic policy, the guest of the “TI” DEJ ‘of the Patronage “insisted on the necessity of a social truce of 5 years with the different trade unions of civil servants and a delay of 8 years for the clearance of the arrears stock owed to civil servants, estimated at about CFAF 249 billion. This decision could help to ease the tense climate between the Government and the trade unions, on the understanding that the payment of this stock of arrears was the bone of contention, giving the impression that the point of no return had been reached. In any case, the Prime Minister has initiated a social bomb in suspense since taking office in January.

With regard to the competitiveness of enterprises

50 ha in use for the new industrial zone of Yopougon PK 24, when more than 200 other ha are pending; The establishment of a court of appeal for the Commercial Court, the opening of new commercial tribunals within the country, in particular in Bouaké, Daloa, San Pedro and Korhogo, in order to accelerate the decisions Justice (6 months maximum); The dematerialization of administrative acts; Etc., Amadou Gon Coulibaly was at your ease to draw up a list of the actions undertaken and those under development. It should be noted with the guest that the year 2019 will be decisive for the completion of all the measures to be implemented to increase the competitiveness of national enterprises. In this regard, the Prime Minister announced the involvement of all, starting with the financiers. “The integration of the financial players (insurance, banking, microfinance, financial market) within the framework of the Committee for the Development of the Financial Sector (CODESFI) aims to ensure the deepening of the financial sector, in full restructuring”. In addition, Côte d’Ivoire is one of the five countries selected for the pilot phase of the private sector development project under IDA 18. This window will allow IFC and MIGA to improve Private sector financing through collateral, interest rate subsidies and other facilitation mechanisms for SMEs.

The new role assigned to the Regional Stock Exchange (BRVM), as well as all the initiatives mentioned above, are aimed at strengthening the regional financial center of Abidjan. “It is a question of responding substantially to the financing needs of our economy, through a greater mobilization of domestic savings and its transformation by viable and competitive actors,” he concluded.

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