PRESS RELEASE February 21, 2019

Côte d’Ivoire Economic Outlook: The Economy is Still Dynamic, but not Inclusive

Resolving mobility challenges in Abidjan to transform strong urban growth into a development asset

ABIDJAN, February 21, 2019 — For the seventh consecutive year, economic growth in Côte d’Ivoire was projected to exceed 7% and reach 7.4% in 2018, despite the country’s vulnerability to external shocks and political uncertainty in the run up to the presidential elections in 2020. This was the verdict of the Eighth Economic Update for Côte d’Ivoire published today by the World Bank. The country, therefore, continues to have one of the most dynamic economies in the world, boasting the highest growth rates in the West African Economic and Monetary Union (WAEMU), despite a slight drop of 0.3% in relation to its performance in 2017 (7.7%).

Entitled “Que la route soit bonne, améliorer la mobilité urbaine à Abidjan,” the report indicates that this decline results from the fact that the public and external sectors have been less supportive of growth and the contribution of the private sector has been more uneven.

The short- and medium-term outlook nonetheless remains favorable. The growth rate over the next few years is expected to be roughly 7%, provided that the global environment remains fairly stable and the Government continues its efforts to promote the private sector and foster more inclusive growth.

The report also devotes an entire section to the challenges of urban mobility in this country where the rate of urbanization soared from 17.7% in 1960 to over 50% in 2018. Today, 80% of economic activity in the country is concentrated in Abidjan, the economic capital of Côte d’Ivoire and home to over 5 million people.

Urbanization, once it is well planned and managed, can help the country’s businesses become more productive and improve households’ living conditions by offering them jobs, schools for their children, and better health care than in rural areas,” explains Jacques Morisset, World Bank Program Leader in Côte d’Ivoire and lead author of the report.

Given that by 2050, nearly two out of three Ivorians will be living in an urban center, over 10 million of whom will settle in Abidjan, urban mobility challenges will intensify if no action is taken, and solutions will become increasingly difficult to implement. The report analyzes the daily mobility constraints faced by commuters and proposes several avenues for improving urban transport and ensuring the success of the Greater Abidjan project adopted in 2016.

There are approximately 10 million trips taken every day in Abidjan and each household spends close to CFAF 1075 (about US$1.80) and loses over three hours a day in commuting time,” explains Anne Cecile Souhaid, Senior Transport Specialist and co-author of the report. “That is equivalent to nearly 5% of the national GDP in 2017. However, a 20% improvement in urban mobility in Abidjan could generate gains of almost 1% of annual GDP growth.”


PRESS RELEASE NO: 2019/049/AFR

Contacts

Abidjan
Enoh Ndri
+225 49 17 24 25
endri@worldbank.org
Washington
Aby K. Toure
+1 202 473 8302
akonate@worldbank.org
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