Ivory Coast Proposal Simon

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Development Project Proposal for Cote d'Ivoire.

Development Project Proposal for Cote d'Ivoire.

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  • 1. Cote d’Ivoire
    Economic Development Proposal
  • 2.
  • 3. Proposal
    • In 1999 the World Bank and IMF put pressure upon the Ivorian Government to liberalise the Ivorian cocoa market to end Government control, however the new system has been criticised due to a lack of transparency and high taxes.
    • 4. Ivorian farmers receive 40% of profits, whereas in Ghana this number is placed at 60%.
    “Recent reports (Reuters 23/10/09) suggest the government is poised to re-regulate the cocoa sector to try to reverse output declines that have put the country's main revenue generator at risk.”
    The Proposal: Put pressure upon the government, as in 1999, so that the current system is scrapped for a more efficient system that will reduce taxes upon the farmers to a point where they are equaling the levels seen in Ghana.
  • 5. Current Economic Status
    Labour force = 7.346 million
    - 68% of population work in agriculture
    GDP (PPP): $34.12 billion
    GDP per capita (PPP): $1,700
    Composition of GDP:
    - agriculture: 28%
    - industry: 21.6%
    - services: 50.4%
    Population below poverty line = 42%
    - lowest 10% consume 2%
    - highest 10% consume 34%
    - Gini = 44.6 (46th)
    Investment = 9.5% of GDP
    Budget
    revenues = $4.823 bn
    Expenditures = $4.915 bn
    net = -.092 bn
    Debt = 66.4% of GDP
    External debt = $14.05 bn
    Inflation = 6.3%
    Producer of: coffee, cocoa, bananas, palm kernels, corn, rice, sweet potatoes, sugar, cotton, rubber, timber.
    Industry production growth = 3%
    Current account balance = $488 m
    Exports = $10.9 bn
    Imports = $6.76 bn
    $2.252 bn in reserves
  • 6. Current Development Status
    HDI Ranking: 163rd
    Population: 20,617,068 est
    - Dependency ratio: .769%
    Age structure:
    - 0-14: 40.6%
    - 15-64: 56.6%
    -65 and over: 2.9%
    Population growth rate: 2.133%
    Fertility rate: 4.22 children/woman
    Life expectancy: 55.45 years
    - male: 54.64 years
    - female: 56.28
    Sex ratio: 1.03 male/woman
    Infant Mortality: 68.06 deaths/1000
    - 28th worst
    HIV Rate: 3.19%
    - people living w/ = 480,000
    - deaths = 38,000
    - 16th worst
    Literacy: [Age 15 and over can read/write]
    - total: 48.7%
    - males: 60.8%
    - females: 38.6%
    Education expenditures: 4.6% of GDP
    [same % as Germany]
  • 7. Resources and Neighbours
    Burkina Faso – 177th
    Ghana - 152nd
    Guinea – 173rd
    Liberia – 169th
    Mali – 178th
    515km of coastline
    Natural Resources:
    - Petroleum / natural gas
    - Diamonds / gold / nickel / Iron ore
    - Cocoa beans / coffee / palm oil
    World’s largest producer of cocoa beans
  • 8. Current World Bank Initiatives
    • Small and Medium Enterprise Revitalisation and Governance project
    • 9. Urgent electricity Rehabilitation Project
    • 10. Ivory Coast Protected Area Project
    • 11. CI – Data Collection
    • 12. Cote d’Ivoire Support for Young Entrepreneurs and Urban Job Creation
    • 13. Extractive Industries Transparency Initiative Implementation
    • 14. Governance and Institutional Day
    • 15. Emergency Multi-Sector HIV/AIDS Project
    • 16. RCI – Emergency Urban Infrastructure
    • 17. Emergency Post-Conflict Assistance Project
    • 18. Youth Employment Pilot
    • 19. Third Agreement Amending Development Credit Agreement
    • 20. TRANSP SECTOR ADJ. SUPPLEMENT
    • 21. TRANSPORT SEC. ADJ.
    • 22. CI-Azito Partial Risk Guarantee
    • 23. Transport Sector Adjustment Investment Credit Project
    • 24. Education & Training Support
    • 25. Debt & Debt Reduction
    • 26. Rural Land Management and Community Infrastructure Development Project
    Total = $841million
  • 27. Kavokiva and Fairtrade
    Kavokiva receives a minimum of $1,600 per tonne of cocoa
    - with the additional premium of $150/tonne reserved for community, business or environmental improvements.
    Harvest of 2007/2008, Fairtrade bought 5,500 tonnes of produce from Kavokiva.
    Fair Trade Premium
    Healthcare, Education, Production, Women’s programmes, Transport, Environment, Credit programme have all been introduced from the Fairtrade premium that farmers receive.
    www.fairtrade.org.uk
  • 28. Proposal
    • In 1999 the World Bank and IMF put pressure upon the Ivorian Government to liberalise the Ivorian cocoa market to end Government control, however the new system has been criticised due to a lack of transparency and high taxes.
    • 29. Ivorian farmers receive 40% of profits, whereas in Ghana this number is placed at 60%.
    “Recent reports (Reuters 23/10/09) suggest the government is poised to re-regulate the cocoa sector to try to reverse output declines that have put the country's main revenue generator at risk.”
    The Proposal: Put pressure upon the government, as in 1999, so that the current system is scrapped for a more efficient system that will reduce taxes upon the farmers to a point where they are equaling the levels seen in Ghana.
  • 30. The Benefits
    World Bank pressure upon the Ivorian Government to re-regulate the red tape around cocoa markets can enable farmers to receive an extra 20% of profits from the sales.
    The increased incomes leave the Ivorian population with more funds to send their children to school, to feed their families, possibly trade on the open markets for non-essential goods. This increase in trade from the farmers leaves opportunities for entrepreneurs in the area to setup businesses which further increase economic growth, and can lead to further development projects being approved in an area showing signs of strength.