The Fitch Ratings agency comes to raise the long-term issuer default rating in foreign currencies of Ivory Coast. It went from “BB-” to “BB” with “Stable outlook.”

Fitch Ratings explains the reasons for This upward revision due to several positive factors, including uncertainty policy linked to the presidential election that “has disappeared”. According to Fitch Ratings, The election saw only limited turmoil, “a sign that the country is running out of control. page on its history of serious civil unrest related to the elections.” To that, In addition, the confirmation of the re-election of President Ouattara for five years and the commitment of his government to the sustained reform program by the IMF and the National Development Plan 2026-2030, guarantee the continuity of macro-budgetary management.

The rating agency is planning a real GDP growth of 6.4% in 2025, 6.5% in 2025, 6.5% in 2026 and 6.6% in 2027, “clearly higher than the median of forecasts for countries rated “BB” (3.5-3.9 %) for the period”. Also, the Ivorian mining sector, a driver of growth is expected to grow, at least, to 6.7% per year, beyond 2027. Added to this is the positive impact of developments in the sectors oil and gold.

Fitch Ratings reports that “the rating Ivory Coast's “BB” reflects strong growth, a sound fiscal management and solid macroeconomic policies, illustrated by a long period of low inflation and supported by a strong commitment with the IMF.”

The other positive aspect in macroeconomic indicators of Côte d'Ivoire, it is the “stabilization of the deficit to 3%” in 2025 against 4.0% in 2024, thanks to tax revenues generated by the 2024-2028 mobilization strategy.