Investor Presentaiton
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COTE D'IVOIRE INVESTOR MEETING
According to the Program, the Capacity for Payment Will Be Limited
Cote d'Ivoire's external payment capacity will remain limited as long as the HIPC completion Point is not reached
■ According to the Program elaborated with the IMF, the primary balance will remain in negative territory in 2012
Primary balance is projected at -2.0% of GDP in 2012 against -4.8% in 2011. It would reach -0.5% of GDP in 2013
The likely slow recovery may be the consequence of the decrease in budgetary resources in 2012 due to the fact that the post elections
crisis of 2011 will have a deferred impact on fiscal revenues, with taxes related to commercial and industrial profits being impacted
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Besides, oil revenues are likely to be lower than previously anticipated
The priority granted by the IMF and authorities to public investments will also weigh on public spending
- They will reach 5% of GDP in 2012, against 3.9% in 2011, but this level will remain below previous IMF targets under the 2009
program (6.9% of GDP)View entire presentation