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Eurobond: Prime Minister Hamed Bakayoko's resource mobilization exploits

17/02/2021
Categories: Economy/Forex

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The diplomacy of the Ivorian Prime Minister, Hamed Bakayoko in the context of the Eurobond demonstrates once again the quality of the Côte d'Ivoire signature in terms of mobilizing resources in the international financial centres.

Having raised about 656 billion CFA francs on international markets in November 2020, at a rate of 5%, repayable over 10 years, the world-class performance of the Ivorian Prime Minister, Hamed Bakayoko, in the context of the Eurobond is well established.
With development partners such as the AfDB, the World Bank, the IMF and private investors, Côte d'Ivoire has an attractive new investment code, an average growth of 8.6% over the period 2011-2019.
Since his arrival in business, President Alassane Ouattara has placed particular emphasis on the issues and challenges of finance, the economy, or development. The expected 7.2% growth performance for 2020 was thwarted by COVID-19, bringing it down to 1.8%. And this, in an international environment of recession of -4% in the world and -3% in Africa. The November 2020 loan therefore reaffirms the robustness of the fundamentals of the Ivorian economy and especially its resilience to many shocks.

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