While commercial banks have been rebuilding and expanding their bricks-and-mortar networks since 2011, the keys to reaching unbanked populations are proving to be alternative means like mobile money and microfinance institutions (MFIs). A handful of new MFIs – sanitised through fresh rules issued in 2011 – have seen strong double-digit growth in...
As larger banking groups expand their reach within the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), authorities at the region’s central bank have recently implemented a number of significant changes. First, they have raised capital requirements to enhance lenders’ scale. Second, they have begun...
As the established banking centre of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), Côte d’Ivoire’s financial services industry has sustained double-digit growth since emerging from the national crisis in 2011. The market still faces legacy issues, such as high aggregate non-performing loans...
An open economy with trade accounting for 91% of GDP in 2013, Côte d’Ivoire has traditionally held a central position in regional trade. The heavyweight of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA) with 35% of regional GDP, the country lost some of its stature over the decade of unrest....
The National Development Plan (NDP) boosted public investment from 3% of GDP in 2011 to 9.7% by 2015, but headline spending is not the only notable aspect of Côte d’Ivoire’s fiscal policy. With donor support the authorities have also made headway on improving execution of spending and shifting funds to capital projects – even if recurrent...
While Côte d’Ivoire has a natural advantage in the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), with the region’s largest market and most developed infrastructure, authorities are striving to improve the country’s soft infrastructure to improve rankings in international investment climate...
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