ABIDJAN, June 5 (Xinhua) -- The Ivorian government expects the country's gross domestic product (GDP) to grow by an average of 6.8 percent annually during the 2027-2029 period, driven by strong domestic economic activity despite an international environment marked by political and trade tensions.
The forecast is contained in the country's 2027-2029 multi-year budgetary and economic framework, which was adopted by the Council of Ministers on Wednesday and presented to the press by government spokesperson Amadou Coulibaly.
The document outlines the state's budgetary and economic policy directions and sets fiscal and financial balance targets for the next three years.
"The framework is based on an average annual real GDP growth forecast of 6.8 percent over the 2027-2029 period," Coulibaly said.
According to him, this economic trajectory will be supported by continued reforms aimed at strengthening domestic revenue mobilization, notably through the implementation of the National Medium-Term Revenue Mobilization Strategy for 2024-2028.
The framework also provides for the rationalization of public spending, prudent debt management, increased investment in strategic infrastructure, poverty reduction efforts, and measures to enhance the country's resilience to climate change.
With GDP growth estimated at 6.7 percent in 2026, Cote d'Ivoire has adopted a budget of 17.35 trillion CFA francs (about 31 billion U.S. dollars). The budget is expected to increase by 6.4 percent in 2027 to reach 18.47 trillion CFA francs.
Government spending is projected to continue rising, reaching 20.49 trillion CFA francs in 2028 and 22.32 trillion CFA francs in 2029.
Earlier this year, the Ivorian government adopted its 2026-2030 National Development Plan, which envisages investments totaling 114.84 trillion CFA francs with the aim of elevating the country to upper-middle-income status by 2030. ■