PATRICK JERÔME ACHI
Word from the Prime Minister
The encouraging economic and social performance achieved by Côte d'Ivoire over the past ten years, under the leadership of the President of the Republic, H.E.M Alassane Ouattara, has been driven by the successive implementation of the National Development Plans (NDP) 2012-2015 and 2016-2020 aimed at structurally transforming our country and improving the well-being of the populations.
The first plan, the 2012-2015 NDP, after a decade of crisis that has degraded the economic, political and social fabric, has repositioned Côte d'Ivoire among the countries with the strongest economic growth with an average annual GDP growth rate of 9.6% over the period.
The second plan allowed the country to continue its development dynamism over the period 2016 – 2020, and to demonstrate its resilience gain in an unfavorable global context.
The 2021-2025 NDP, which builds on the successes and lessons learned from the previous two NDPs, aims to remove residual obstacles to accelerating the structural transformation of our economy, and to restore the place of the private sector, the true creator of wealth and jobs.
It stems from the Strategic Vision Côte d'Ivoire 2030 of the President of the Republic which is based on 04 strong objectives of human progress:
- Doubling per capita income again in 10 years;
- Create 08 million more jobs by 2030;
- Halve the poverty rate;
- Increase the life expectancy of Ivorians by 10 years.
At a cost of 59,000 billion CFA francs, the 2021-2025 NDP focuses on six major pillars:
- accelerating the structural transformation of the economy through industrialization and cluster development;
- the development of human capital and the promotion of employment;
- private sector and investment development;
- strengthening inclusion, national solidarity and social action;
- balanced regional development, preservation of the environment and the fight against global warming;
- strengthening governance, modernizing the state and cultural transformation.
The successful implementation of these pillars requires the effective involvement of the private sector, the real engine of economic growth. This sector is expected to account for 74% of the planned investments until 2025, in particular in the development of the following value chains: Agriculture/agro-industry, chemicals/plastics, building materials furniture and equipment, Pharmaceutical industry, Textile, Digital Economy, Tourism/Hospitality, Mining and Hydrocarbons.
According to a recent UNCTAD study, Foreign Direct Investment (FDI) in Côte d'Ivoire has increased 5-fold in 20 years, from USD 2.5 billion in 2000 to USD 12.3 billion in 2020, making our country the first in the West African franc zone in this area.
As part of the 2021-2025 NDP, we intend to continue this momentum by strengthening all initiatives to improve the business environment.
This is an opportunity for us to reaffirm that the State intends to play a more proactive role in the development of the private sector by accompanying and orchestrating investments in the productive market sectors.
The social aspect is also one of the important dimensions on which we intend to continue and strengthen our efforts over the next 05 years.
Indeed, every Ivorian, whatever his or her origins and social conditions, must be a fulfilled development actor, contributing through his or her work to the creation of wealth and the development of our beautiful country.
To do so, the 2021-2025 NDP plans to accelerate the development of the health, education and youth and women's empowerment sectors, the valiant forces of our country.
With all these ambitions, I would like to invite private investors as well as our Technical and Financial Partners to trust Côte d'Ivoire by supporting the implementation of the 2021-2025 NDP.