The Directorate General of the Economy (DGE) opened a seminar on the "reprogramming of the macroeconomic model according to the System of National Accounts (SNA) 2008" this Monday, December 07, 2020 in Grand-Bassam.

The objective of this seminar is to estimate the Supply and Use Tables (TRE) based on 2015 in order to lead to the reprogramming of the macroeconomic model with an updated database, developed according to the 2008 SNA. THE TRE present a comprehensive view of the economy by providing the elements of the production process, the uses of goods and services (products) and the income generated by this production. Indeed, for its macroeconomic analysis and forecasting needs, relating to macro-fiscal programming and the development of Medium-Term Expenditure Frameworks (MTDFs), the DPPSE has undertaken, with the support of the African Development Bank (AfDB), as part of the Project to Support Economic and Financial Management (PAGEF), the construction of a quantitative macro-econometric model. This will be used for macroeconomic forecasting, in the context of multiannual budget preparation. However, the database was compiled using the 2009 RLEs and the 1993 System of National Accounts (SNC). Therefore, it is appropriate to update the database using the TRE ISSUS of the 2015 rebased accounts and also according to the 2008 CDS. As such, an experienced expertise is requested for the estimation of the TRE base 2015 in order to lead to the reprogramming of the macro econometric model with an updated database, developed according to the SNA 2008.

DOUMBIA Vakaramoko, Deputy Director General of the Economy said that this seminar appears as another illustration of the government's commitment to the modernization of decision-making tools in macroeconomic management. According to him, it will also ensure effective monitoring of forecasting indicators but above all a better performance of public action. "This commitment has promoted implementation since 2012, with an average annual growth of more than 7% over the period 2012-2019 and a resilience that has made it possible to more effectively contain the impact of Covid-19," he said. According to the representative of Dr. Oguié Sain, the growth of Côte d'Ivoire would be positive at 1.8% unlike most countries in the world, especially comparable countries that are hit by a contraction.