Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire

Cocoa is essential to Cote d’Ivoire. This sector mobilizes close to one million producers who provide income to five million persons (one-fifth of the country’s population) in order to meet 40 percent of global supply. Cocoa is also the country’s l...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	TAX REVENUE FISCAL TRENDS CLIMATE CHANGE IMPACT CURRENT ACCOUNT DEFICIT ECONOMIC GROWTH COCOA PRODUCTION BUSINESS ENVIRONMENT INVESTMENT CLIMATE EXPORT COMPETITIVENESS CASH CROP GOVERNMENT FINANCE TAX POLICY INDUSTRIAL TRANSFORMATION COCOA PROCESSING
Online Access:	http://documents.worldbank.org/curated/en/898811564687854478/Executive-Summary http://hdl.handle.net/10986/32156

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spelling	okr-10986-321562021-05-25T09:26:32Z Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire World Bank Group TAX REVENUE FISCAL TRENDS CLIMATE CHANGE IMPACT CURRENT ACCOUNT DEFICIT ECONOMIC GROWTH COCOA PRODUCTION BUSINESS ENVIRONMENT INVESTMENT CLIMATE EXPORT COMPETITIVENESS CASH CROP GOVERNMENT FINANCE TAX POLICY INDUSTRIAL TRANSFORMATION COCOA PROCESSING Cocoa is essential to Cote d’Ivoire. This sector mobilizes close to one million producers who provide income to five million persons (one-fifth of the country’s population) in order to meet 40 percent of global supply. Cocoa is also the country’s leading foreign exchange earner and is among the sectors making the biggest contribution to government revenue. In short, cocoa plays a central role in Ivorian society and in the lives of many families. However, despite its importance to the Ivorian economy and society, the cocoa sector is not fully playing its role as the engine of economic development. Some even go so far as to cite the curse of “brown gold,” for at least three reasons. First, more than half of producers live below the poverty line—on less than CFAF 757 (roughly 1.2 US Dollar) a day. Second, the price paid for the expansion of cultivated areas in recent decades has been the destruction of virtually all the country’s forests. Third, Côte d’Ivoire has not yet managed to increase its share (between 5 and 7 percent) of the profit made along the cocoa-chocolate global chain. Given this situation, it is not surprising that cocoa is at the center of a host of economic policy discussions in Côte d’Ivoire and that the Government has sped up its deliberations aimed at improving the performance of the sector, in particular through the Abidjan Declaration signed jointly in 2018 by the Presidents of Côte d’Ivoire and Ghana, which seeks to harmonize their policies and thus maximize their profit (these two countries account for approximately 65 percent of global production). After analyzing the most recent trends in the Ivorian economy, this ninth economic update for Côte d’Ivoire therefore focuses on how the cocoa sector could support the structural transformation of the country and, in so doing, promote greater economic and social inclusion. 2019-08-02T15:08:40Z 2019-08-02T15:08:40Z 2019-07-11 Report http://documents.worldbank.org/curated/en/898811564687854478/Executive-Summary http://hdl.handle.net/10986/32156 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Africa Cote d'Ivoire
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TAX REVENUE FISCAL TRENDS CLIMATE CHANGE IMPACT CURRENT ACCOUNT DEFICIT ECONOMIC GROWTH COCOA PRODUCTION BUSINESS ENVIRONMENT INVESTMENT CLIMATE EXPORT COMPETITIVENESS CASH CROP GOVERNMENT FINANCE TAX POLICY INDUSTRIAL TRANSFORMATION COCOA PROCESSING
spellingShingle	TAX REVENUE FISCAL TRENDS CLIMATE CHANGE IMPACT CURRENT ACCOUNT DEFICIT ECONOMIC GROWTH COCOA PRODUCTION BUSINESS ENVIRONMENT INVESTMENT CLIMATE EXPORT COMPETITIVENESS CASH CROP GOVERNMENT FINANCE TAX POLICY INDUSTRIAL TRANSFORMATION COCOA PROCESSING World Bank Group Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire
geographic_facet	Africa Cote d'Ivoire
description	Cocoa is essential to Cote d’Ivoire. This sector mobilizes close to one million producers who provide income to five million persons (one-fifth of the country’s population) in order to meet 40 percent of global supply. Cocoa is also the country’s leading foreign exchange earner and is among the sectors making the biggest contribution to government revenue. In short, cocoa plays a central role in Ivorian society and in the lives of many families. However, despite its importance to the Ivorian economy and society, the cocoa sector is not fully playing its role as the engine of economic development. Some even go so far as to cite the curse of “brown gold,” for at least three reasons. First, more than half of producers live below the poverty line—on less than CFAF 757 (roughly 1.2 US Dollar) a day. Second, the price paid for the expansion of cultivated areas in recent decades has been the destruction of virtually all the country’s forests. Third, Côte d’Ivoire has not yet managed to increase its share (between 5 and 7 percent) of the profit made along the cocoa-chocolate global chain. Given this situation, it is not surprising that cocoa is at the center of a host of economic policy discussions in Côte d’Ivoire and that the Government has sped up its deliberations aimed at improving the performance of the sector, in particular through the Abidjan Declaration signed jointly in 2018 by the Presidents of Côte d’Ivoire and Ghana, which seeks to harmonize their policies and thus maximize their profit (these two countries account for approximately 65 percent of global production). After analyzing the most recent trends in the Ivorian economy, this ninth economic update for Côte d’Ivoire therefore focuses on how the cocoa sector could support the structural transformation of the country and, in so doing, promote greater economic and social inclusion.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire
title_short	Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire
title_full	Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire
title_fullStr	Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire
title_full_unstemmed	Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire
title_sort	economic update for cote d'ivoire : cacaoland - how to transform cote d'ivoire
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/898811564687854478/Executive-Summary http://hdl.handle.net/10986/32156
_version_	1764475916179734528

Economic Update for Cote d'Ivoire : Cacaoland - How to Transform Cote d'Ivoire

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