{"id":65087,"date":"2016-02-29T12:50:58","date_gmt":"2016-02-29T10:50:58","guid":{"rendered":"http:\/\/www.myza.co.za\/statement-by-imf-deputy-managing-director-furusawa-at-the-conclusion-of-a-visit-to-cote-divoire\/"},"modified":"2016-02-29T12:50:58","modified_gmt":"2016-02-29T10:50:58","slug":"statement-by-imf-deputy-managing-director-furusawa-at-the-conclusion-of-a-visit-to-cote-divoire","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/statement-by-imf-deputy-managing-director-furusawa-at-the-conclusion-of-a-visit-to-cote-divoire\/","title":{"rendered":"Statement by IMF Deputy Managing Director Furusawa at the Conclusion of a Visit to Cote d’Ivoire"},"content":{"rendered":"

WASHINGTON D.C., United States of America, February 29, 2016\/APO (African Press Organization)\/ — <\/span><\/p>\n

Mr. Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Abidjan at the conclusion of a visit to Cote d\u2019Ivoire.<\/p>\n

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\u201cMy visit to Cote d\u2019Ivoire has been extremely fruitful and informative. I wish to thank President Alassane Dramane Ouattara for meeting with me to discuss the country\u2019s economic achievements and its outlook. I also want to thank Prime Minister Kablan Duncan and Minister Adama Kone for their insights.<\/p>\n

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\u201cI commended President Ouattara for his strong leadership and economic record amid a deteriorating global environment. Cote d\u2019Ivoire has experienced four years of strong growth, averaging 8.9 percent a year over the past 4 years. Maintaining this growth momentum will require transitioning to a more private sector-led model while effecting reforms aimed at improving the business environment.<\/p>\n

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\u201cIn my meetings with the authorities, I commended them for the sharp increase in pro-poor spending over the last years and the overhaul of the cocoa and coffee revenue distribution mechanisms to augment farmers\u2019 stake. Although declining, as evidenced by a recent household survey, poverty, inequality, and\u00a0unemployment remain high and significant regional disparities still exist. Against this background, we discussed ways to maintain economic progress while strengthening the transition towards a more inclusive model. These included a set of policy recommendations aimed at pursuing fiscal consolidation based on greater revenue mobilization and efficient spending, while increasing priority outlays. It will also require maintaining a disciplined fiscal policy in order to build buffers that would enable the conduct of counter-cyclical policy in the face of adverse shocks, as well as to contain the increase in public debt.<\/p>\n

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\u201cThe adoption of a recent financial strategy aimed at strengthening financial stability and fostering financial deepening and inclusion, in particular by enhancing small and medium enterprises to access to credit is welcome and the authorities are taking the necessary steps to restructure the remaining troubled banks.<\/p>\n

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\u00a0\u201cI would like to thank President Ouattara and the government and people of Cote d\u2019Ivoire for their welcome and warm hospitality during my visit.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON D.C., United States of America, February 29, 2016\/APO (African Press Organization)\/ — Mr. Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Abidjan at the conclusion of a visit to Cote d\u2019Ivoire. \u201cMy visit to Cote d\u2019Ivoire has been extremely fruitful and informative. I wish to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[428,4585,830],"class_list":{"0":"post-65087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-africa-news-2","7":"tag-africa","8":"tag-apo","9":"tag-news","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/65087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=65087"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/65087\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=65087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=65087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=65087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}