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Sovereign Debt Management: Ivory Coast wins global awards

28/11/2024
Categories: Economy/Forex

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The Directorate General of Finances (DGF) of Côte d'Ivoire was distinguished on Tuesday November 2024 by the prestigious international financial magazine RISK by receiving the award for the World's Best Sovereign Debt Manager 2024 by receiving the award for the World's Best Sovereign Debt Manager 2024.

This award reflects the excellence of the Directorate General of Finance (DGF), a pillar of Ivorian financial reforms. Under the supervision of the economic authorities, the DGF has implemented sovereign debt management combining rigor, transparency and innovation. This approach has maintained debt sustainability while promoting public and private investments to support economic growth.

Côte d'Ivoire's efforts in this area are supported by strategic reforms. These initiatives aim to modernise financing mechanisms while strengthening the resilience of the economy in the face of global market fluctuations

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International rating agencies, such as Moody's and Standard & Poor's, recently confirmed the robustness of Ivorian management

The RISK award crowns a series of awards and notable economic performances. International rating agencies, such as Moody's and Standard & Poor's, have recently confirmed the robustness of Ivorian management. Moody's gave a Ba2 rating with a stable outlook, while Standard & Poor's confirmed the BB rating. These evaluations reflect the confidence of international investors in the sovereign signature of Côte d'Ivoire

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These remarkable results also illustrate the country's commitment to maintaining sustainable growth. They reinforce the position of Côte d'Ivoire as a key player in economic development in West Africa.

The distinction received by Côte d'Ivoire is much more than a technical recognition: it represents a source of pride for the entire population. It highlights the clear and ambitious vision of Ivorian leaders and the country's ability to compete with the best global financial institutions

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Beyond national pride, this award opens up new perspectives. It consolidates the country's attractiveness to foreign investors and reinforces its role as an economic hub in Africa. Investment opportunities are expected to increase, further stimulating the local economy and development initiatives.

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