Cote d’Ivoire<br />Economic Development Proposal<br />
Proposal<br /><ul><li>In 1999 the World Bank and IMF put pressure upon the Ivorian Government to liberalise the Ivorian co...
Ivorian farmers receive 40% of profits, whereas in Ghana this number is placed at 60%.</li></ul>“Recent reports (Reuters 2...
Current Economic Status<br />Labour force = 7.346 million<br />	- 68% of population work in agriculture<br />GDP (PPP): $3...
Current Development Status<br />HDI Ranking: 163rd<br />Population: 20,617,068 est<br />	- Dependency ratio: .769%<br />Ag...
Resources and Neighbours<br />Burkina Faso – 177th<br />Ghana  - 152nd<br />Guinea – 173rd<br />Liberia – 169th<br />Mali ...
Current World Bank Initiatives<br /><ul><li>Small and Medium Enterprise Revitalisation and Governance project
Urgent electricity Rehabilitation Project
Ivory Coast Protected Area Project
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Ivory Coast Proposal Simon

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Development Project Proposal for Cote d'Ivoire.

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Ivory Coast Proposal Simon

  1. 1. Cote d’Ivoire<br />Economic Development Proposal<br />
  2. 2.
  3. 3. Proposal<br /><ul><li>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. 4. Ivorian farmers receive 40% of profits, whereas in Ghana this number is placed at 60%.</li></ul>“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.”<br />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.<br />
  5. 5. Current Economic Status<br />Labour force = 7.346 million<br /> - 68% of population work in agriculture<br />GDP (PPP): $34.12 billion<br />GDP per capita (PPP): $1,700<br />Composition of GDP:<br /> - agriculture: 28%<br /> - industry: 21.6%<br /> - services: 50.4%<br />Population below poverty line = 42%<br /> - lowest 10% consume 2%<br /> - highest 10% consume 34%<br /> - Gini = 44.6 (46th)<br />Investment = 9.5% of GDP<br /> Budget<br /> revenues = $4.823 bn<br /> Expenditures = $4.915 bn<br /> net = -.092 bn<br />Debt = 66.4% of GDP <br /> External debt = $14.05 bn<br />Inflation = 6.3%<br />Producer of: coffee, cocoa, bananas, palm kernels, corn, rice, sweet potatoes, sugar, cotton, rubber, timber.<br />Industry production growth = 3%<br />Current account balance = $488 m<br /> Exports = $10.9 bn<br /> Imports = $6.76 bn<br />$2.252 bn in reserves<br />
  6. 6. Current Development Status<br />HDI Ranking: 163rd<br />Population: 20,617,068 est<br /> - Dependency ratio: .769%<br />Age structure:<br /> - 0-14: 40.6%<br /> - 15-64: 56.6%<br /> -65 and over: 2.9%<br />Population growth rate: 2.133%<br />Fertility rate: 4.22 children/woman<br />Life expectancy: 55.45 years<br /> - male: 54.64 years<br /> - female: 56.28<br />Sex ratio: 1.03 male/woman<br />Infant Mortality: 68.06 deaths/1000<br /> - 28th worst<br />HIV Rate: 3.19%<br /> - people living w/ = 480,000<br /> - deaths = 38,000<br /> - 16th worst<br />Literacy: [Age 15 and over can read/write]<br /> - total: 48.7%<br /> - males: 60.8%<br /> - females: 38.6%<br />Education expenditures: 4.6% of GDP<br /> [same % as Germany]<br />
  7. 7. Resources and Neighbours<br />Burkina Faso – 177th<br />Ghana - 152nd<br />Guinea – 173rd<br />Liberia – 169th<br />Mali – 178th<br />515km of coastline<br />Natural Resources:<br /> - Petroleum / natural gas<br /> - Diamonds / gold / nickel / Iron ore<br /> - Cocoa beans / coffee / palm oil<br />World’s largest producer of cocoa beans<br />
  8. 8. Current World Bank Initiatives<br /><ul><li>Small and Medium Enterprise Revitalisation and Governance project
  9. 9. Urgent electricity Rehabilitation Project
  10. 10. Ivory Coast Protected Area Project
  11. 11. CI – Data Collection
  12. 12. Cote d’Ivoire Support for Young Entrepreneurs and Urban Job Creation
  13. 13. Extractive Industries Transparency Initiative Implementation
  14. 14. Governance and Institutional Day
  15. 15. Emergency Multi-Sector HIV/AIDS Project
  16. 16. RCI – Emergency Urban Infrastructure
  17. 17. Emergency Post-Conflict Assistance Project
  18. 18. Youth Employment Pilot
  19. 19. Third Agreement Amending Development Credit Agreement
  20. 20. TRANSP SECTOR ADJ. SUPPLEMENT
  21. 21. TRANSPORT SEC. ADJ.
  22. 22. CI-Azito Partial Risk Guarantee
  23. 23. Transport Sector Adjustment Investment Credit Project
  24. 24. Education & Training Support
  25. 25. Debt & Debt Reduction
  26. 26. Rural Land Management and Community Infrastructure Development Project</li></ul>Total = $841million<br />
  27. 27. Kavokiva and Fairtrade<br />Kavokiva receives a minimum of $1,600 per tonne of cocoa<br /> - with the additional premium of $150/tonne reserved for community, business or environmental improvements.<br />Harvest of 2007/2008, Fairtrade bought 5,500 tonnes of produce from Kavokiva.<br />Fair Trade Premium<br />Healthcare, Education, Production, Women’s programmes, Transport, Environment, Credit programme have all been introduced from the Fairtrade premium that farmers receive.<br />www.fairtrade.org.uk<br />
  28. 28. Proposal<br /><ul><li>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. 29. Ivorian farmers receive 40% of profits, whereas in Ghana this number is placed at 60%.</li></ul>“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.”<br />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. <br />
  30. 30. The Benefits<br />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.<br />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.<br />

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