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Ivory Coast And The International Monetary Fund
With the world’s largest production of cacao and cashew nuts, Ivory Coast (Côte d’Ivoire) is one of the leading economic powers in West Africa. It joined the IMF in 1963. Since then, Ivory Coast participated in 14 arrangements and purchased more than 1016 millions in procurement and loans. It now possesses 650.4 million SDR of quotas. According to the IMF's Finance Department. Background on the Ivorian Political and Economic Context From its independence from France, Ivory Coast developed a relatively stable and prosperous economy centred on the production and export of commodities such as cacao and coffee, and a network of clientelistic relations. Ivory Coast's first President, Félix Houphouët-Boigny, developed an economic system founded on the extraction and redistribution of agricultural rents, mainly coming from the cocoa-coffee industry. Nevertheless, the 1970s global monetary shocks and the drop in value of basic commodities in international markets induced the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abidjan En Eburnie 16
Abidjan ( , ; N’ko: ߊߓߌߖߊ߲߬) is the economic capital of the Ivory Coast. As of the 2021 census, Abidjan's population was 6.3 million, which is 21.5 percent of overall population of the country, making it the sixth most populous city proper in Africa, after Lagos, Cairo, Kinshasa, Dar es Salaam, and Johannesburg. A cultural crossroads of West Africa, Abidjan is characterised by a high level of industrialisation and urbanisation. It also is one of the most populous French-speaking cities in Africa. The city expanded quickly after the construction of a new wharf in 1931, followed by its designation as the capital city of the then-French colony in 1933. The completion of the Vridi Canal in 1951 enabled Abidjan to become an important sea port. Abidjan remained the capital of the Ivory Coast after its independence from France in 1960. In 1983, the city of Yamoussoukro was designated as the official political capital of Ivory Coast. However, Abidjan has officially been desig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franc
The franc is any of various units of currency. One franc is typically divided into 100 centimes. The name is said to derive from the Latin inscription ''francorum rex'' (King of the Franks) used on early French coins and until the 18th century, or from the French ''franc'', meaning "frank" (and "free" in certain contexts, such as ''coup franc'', "free kick"). The countries that use francs today include Switzerland, Liechtenstein, and most of Francophone Africa. The Swiss franc is a major world currency today due to the prominence of Swiss financial institutions. Before the introduction of the euro in 1999, francs were also used in France, Belgium and Luxembourg, while Andorra and Monaco accepted the French franc as legal tender ( Monégasque franc). The franc was also used within the French Empire's colonies, including Algeria and Cambodia. The franc is sometimes Italianised or Hispanicised as the ''franco'', for instance in Luccan franco. Origins The franc was origina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Capital Flight
Human capital flight is the emigration or immigration of individuals who have received advanced training at home. The net benefits of human capital flight for the receiving country are sometimes referred to as a "brain gain" whereas the net costs for the sending country are sometimes referred to as a "brain drain". In occupations with a surplus of graduates, immigration of foreign-trained professionals can aggravate the underemployment of domestic graduates, whereas emigration from an area with a surplus of trained people leads to better opportunities for those remaining. But emigration may cause problems for the home country if the trained people are in short supply there. Research shows that there are significant economic benefits of human capital flight for the migrants themselves and for the receiving country. The impact on the country of origin is less straightforward, with research suggesting the impact can be positive, negative or mixed. Research also suggests that emigrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Structural Adjustment
Structural adjustment programs (SAPs) consist of loans (structural adjustment loans; SALs) provided by the International Monetary Fund (IMF) and the World Bank (WB) to countries that experience economic crises. Their purpose is to adjust the country's economic structure, improve international competitiveness, and restore its balance of payments. The IMF and World Bank (two Bretton Woods institutions) require borrowing countries to implement certain policies in order to obtain new loans (or to lower interest rates on existing ones). These policies are typically centered around increased privatization, liberalizing trade and foreign investment, and balancing government deficit. The conditionality clauses attached to the loans have been criticized because of their effects on the social sector. SAPs are created with the stated goal of reducing the borrowing country's fiscal imbalances in the short and medium term or in order to adjust the economy to long-term growth. By requiring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Due to its several coastal territories, France has the largest exclusive economic zone in the world. France borders Belgium, Luxembourg, Germany, Switzerland, Monaco, Italy, Andorra, and Spain in continental Europe, as well as the Netherlands, Suriname, and Brazil in the Americas via its overseas territories in French Guiana and Saint Martin. Its eighteen integral regions (five of which are overseas) span a combined area of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CFA Franc
The CFA franc (french: franc CFA, , Franc of the Financial Community of Africa, originally Franc of the French Colonies in Africa, or colloquially ; abbreviation: F.CFA) is the name of two currencies, the West African CFA franc, used in eight West African countries, and the Central African CFA franc, used in six Central African countries. Although separate, the two CFA franc currencies have always been at parity and are effectively interchangeable. The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc. On 22 December 2019, it was announced that the West African currency would be reformed and replaced by an independent currency to be called Eco. Both CFA francs have a fixed exchange rate to the euro: 100 CFA francs = 1 French franc = €0.152449; or €1 = F 6.55957 = F.CFA 655.957 exactly. Usage CFA francs are used in fourteen countries: twelve nations formerly ruled by France in West and Central Africa (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ivory Coast
Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is the port city of Abidjan. It borders Guinea to Guinea–Ivory Coast border, the northwest, Liberia to Ivory Coast–Liberia border, the west, Mali to Ivory Coast–Mali border, the northwest, Burkina Faso to Burkina Faso–Ivory Coast border, the northeast, Ghana to Ghana–Ivory Coast border, the east, and the Gulf of Guinea (Atlantic Ocean) to the south. Its official language is French language, French, and indigenous languages are also widely used, including Bété languages, Bété, Baoulé language, Baoulé, Dyula language, Dioula, Dan language, Dan, Anyin language, Anyin, and Senari languages, Cebaara Senufo. In total, there are around 78 different Languages of Ivory Coast, languages spoken in Ivory Coast. The country has a Religion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CFA Franc Zone
The CFA franc (french: franc CFA, , Franc of the Financial Community of Africa, originally Franc of the French Colonies in Africa, or colloquially ; abbreviation: F.CFA) is the name of two currencies, the West African CFA franc, used in eight West African countries, and the Central African CFA franc, used in six Central African countries. Although separate, the two CFA franc currencies have always been at parity and are effectively interchangeable. The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc. On 22 December 2019, it was announced that the West African currency would be reformed and replaced by an independent currency to be called Eco. Both CFA francs have a fixed exchange rate to the euro: 100 CFA francs = 1 French franc = €0.152449; or €1 = F 6.55957 = F.CFA 655.957 exactly. Usage CFA francs are used in fourteen countries: twelve nations formerly ruled by France in West and Central Africa (excludin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alassane Ouattara
Alassane Dramane Ouattara (; ; born 1 January 1942) is an Ivorian politician who has been President of Ivory Coast (Côte d'Ivoire) since 2010. An economist by profession, Ouattara worked for the International Monetary Fund (IMF)"Ivory Coast's Alassane Ouattara in profile" , , 11 April 2011. and the Central Bank of West African States (french: Banque Centrale des Etats de l'Afrique de l'Ouest, BCEAO), and he was the Pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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