The external accounts of the Ivory Coast are positive with a surplus of 564 million dollars in 2020. A performance which confirms the green signals of the trade of goods and services of the Ivory Coast with the rest of the world.
This information given by the national director of the BCEAO, Coulibaly Chalouho, on December 17 during a presentation ceremony of the results of the country’s external accounts, also indicates that the overall balance of the 2020 balance of payments emerged in surplus of 1 , 04 billion dollars, marked by a consolidation of net foreign assets. But the current account in 2020 remained in deficit at 3.2% of GDP.
For the Minister of the Economy and Finance, Adama Coulibaly, efforts must continue on the level of certain export products which unfortunately remain subject to the fall in world prices. Adding that the “relevant analysis of these data allows decision-makers to make informed choices of economic and financial policies, to anticipate and react effectively to cyclical events in the national, regional and international economic environment”.
The balance of payments is an instrument that measures the health of the economy of a country or a currency area.