African Economic Outlook 2003

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The African Economic Outlook is a joint project between the African Development Bank and the OECD Development Centre.  The project, initially funded by the EU, combines the expertise accumulated by the OECD and the knowledge of the African Development Bank on African economies. The objective is to review annually the recent economic situation and the short-term likely evolutions of selected African countries.  The Outlook is drawn from a country-by-country analysis based on a unique analytical design.  This common framework includes a forecasting exercise for the current and the following year using a simple macroeconomic model, together with an analysis of the social and political context.  It also contains a comparative synthesis of African country prospects.  A statistical appendix completes the volume.  Decision-makers and economists in African and OECD countries, both in the public and private sectors, aid agencies and investors will all find this volume of significant interest.

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Côte d'Ivoire

OECD Development Centre

The economy improved slightly in 2001, showing a 0.1 per cent growth in real GDP after a 2.3 per cent drop the previous year, as the 1999/2000 political crisis receded. Recovery was due to better macroeconomic management, further liberalisation of the primary product export sub-sector and some improvement in the political climate, bringing resumption of foreign aid. However, the country is now in the grip of a new political crisis, although the reconciliation efforts have raised hopes.

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