In the first half of 2022, the Ivorian economy recorded a trade surplus of 256.7 billion CFA francs, lower than that of June 2021, which stood at 873.3 billion CFA. The information comes from a communication adopted on Wednesday by the Council of Ministers on the evolution of the country's economic and financial situation in the first half of 2022.

The government notes a “deterioration in the terms of trade (-7.9%) for foreign trade excluding exceptional goods and a trade surplus of 256.7 billion, lower than that of June 2021, established at 873.3 billion FCFA”. The state of public finances, at the end of May 2022, also highlights “a good mobilization of total revenue and grants, which increased by 9.5%. In addition, total spending and net loans increased by 9.3%, mainly due to increases in investment spending and interest owed on public debt.”

This situation in the Ivorian economy results in “a budget deficit of 469.8 billion CFA francs, more pronounced than the level recorded at the same time My period in 2021.” The government believes that over the rest of the year, economic activity should continue to develop favourably.