Ivory Coast to see GDP growth of 8.5 pct in 2016: IMF

Abu Mubarik 10:28 - 16 March 2016

Ivory Coast is the world leading producer of cocoa beans.

The world's top cocoa grower and French-speaking West Africa's largest economy, Ivory Coast has rebounded from a decade of political turmoil to become one of the continent's rising stars.

Ivory Coast's economy will grow by 8.5 percent this year, down slightly from from 8.6 percent in 2015, while inflation is expected to remain low, the International Monetary Fund (IMF) said in a statement on Tuesday.

The world's top cocoa grower and French-speaking West Africa's largest economy, Ivory Coast has rebounded from a decade of political turmoil to become one of the continent's rising stars. However, the IMF figure was lower than a January budget ministry forecast of 9.8 percent.

Credit: Reuters