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Ivory Coast Table of Contents

Ivory Coast


In spite of its reputation for having liberal, noninterventionist economic policies, the Ivoirian government played a pivotal role in the domestic economy. Acting primarily through the Ministry of Planning and the Ministry of Finance, the government directed fiscal and monetary strategies over the long term and intervened in the short term in response to changing market conditions. The Ministry of Planning was responsible for coordinating long-term development projects, while the Ministry of Finance was responsible for financing annual investment. The technical ministries, such as the Ministry of Mining, the Ministry of Trade, and the Ministry of Industry, were responsible for preparing and implementing projects. The Ministry of Planning played the central role. It mediated between the technical ministries and the public enterprises on the one hand and the Ministry of Finance and the government (in its role as the formulator of economic objectives) on the other hand. The Ministry of Finance translated the government's policy objectives into a set of long-term output and investment targets and an aggregate investment package. The Ministry of Planning and the technical ministries then used the guidelines to undertake those projects that were deemed feasible and would most contribute to achieving the plan's output and investment targets.

Beginning in 1960, the Ministry of Planning prepared a series of ten-year projections. Subsequently, these were replaced by a series of five-year plans that had built into them a three-year "rolling" program called the Loi Programme. The five-year plans formulated the overall objectives, set priorities, and provided a macroeconomic framework for the country's development. The threeyear overlapping Loi Programmes examined individual projects, taking into account progress toward implementation, annual changes in costs, and political impact.

Data as of November 1988