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Economic growth: Bloomfield raises Côte d'Ivoire's score with a special mention

30/04/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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The managers of Bloomfield Investment Corporation indicated at the 2024 Côte d'Ivoire Country Risk Conference that this Abidjan-based rating agency has raised Côte d'Ivoire's rating with a special mention of countries that are “stable and in full economic growth”.

The CEO of Bloomfield Investment, Stanislas Zézé said on Thursday that Côte d'Ivoire has consolidated its position as a low risk category, with an increase of three basis points. That is, from 6.2% in 2023 to 6.5% in 2024, where investment is open to sustainability with a negligible risk rate. Ivory Coast saw its long-term rating improve from (A-) to A on the Bloomfield Investment Corporation scale. In the short term, the largest economy in UEMOA, with 50% of the money supply in circulation, maintains its A2 rating with a stable outlook. Economic growth is expected at 6.5% for this year

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Côte d'Ivoire is in control of refinancing and interest rate risks, with debt less and less subject to exchange rate fluctuations, and the Committee notes that the State has demonstrated good budgetary execution thanks to the continued collection of resources, in particular through its digital debt collection services, and its good financing flexibility.

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