2012年-IMF国际货币组织全球_C244te_d’Ivoire_Poverty_Reduction_Strategy_Paper_Progress_Report_154页_1mb

Côte d'Ivoire: Poverty Reduction Strategy Paper—Progress Report (February 2012)

Core Content Summary

This document outlines the Poverty Reduction Strategy Paper (PRSP) Implementation Progress Report for Côte d'Ivoire covering the period 2009–2011. It provides an overview of the socio-political and economic context, the progress made toward achieving poverty reduction goals, and the financial mechanisms supporting the strategy.

Main Points

1. PRSP Overview

• The PRSP was developed with broad consultation from stakeholders and development partners, including the IMF and World Bank.
• It was adopted by the Council of Ministers on March 26, 2009, and approved by the IMF and World Bank on March 27 and 30, 2009.
• The country reached the decision point under the HIPC Initiative in March 2009.

2. Socio-Political Context

• The implementation of the PRSP took place in a post-crisis environment, marked by national pacification efforts following the 2002 military-political crisis.
• The 2010 post-election crisis significantly disrupted the socio-political and economic stability, leading to security deterioration, social divide, economic slowdown, and social infrastructure damage.
• By April 2011, Côte d'Ivoire began to recover, with improved security, reopened institutions, and political calm facilitating legislative elections in December 2011.

3. Economic Environment

• The economy focused on growth and recovery, with an average GDP growth rate of 5.8% from 2009–2013.
• In 2009, GDP growth was 3.8%, exceeding demographic growth for the first time since 1999.
• In 2010, GDP growth was 2.4%, slightly lower than 2009 due to electricity shortages, crude oil production decline, and the post-election crisis.
• In 2011, GDP contracted by -5%, reflecting the severe impact of the post-election crisis.

4. Key Measures Implemented

• 2009–2011: The government executed preliminary structural and sector reforms, including:
  • Eliminating multilateral institution arrears.
  • Publishing the debt restructuring strategy.
  • Reducing export duty (DUS) and registration duty.
  • Conducting interim audit reports on public investment projects.
• Structural reforms focused on:
  • Tax collection improvements.
  • Expenditure rationalization.
  • Suspension of rice import exemptions.
  • Implementation of the VAT system on cocoa.
  • Establishment of the National Public Contracts Regulatory Authority (ANRMP).
• Fiscal consolidation efforts included:
  • Accelerated VAT credit refunds to private operators.
  • Cessation of government interventions in public banks.
  • Adoption of budget review law by the Chamber of Accounts.

5. Financial Support and Debt Management

• The government received external financial support to clear domestic payment arrears and restructure external debt with Paris Club creditors.
• The financial sector was reformed with the establishment of a monitoring committee based on the FSAP action plan.
• A law against terrorism financing and banking regulations were introduced as part of WAEMU and BCEAO institutional reforms.

6. Pro-Poor Expenditures

• Pro-poor spending increased over the period:
  • CFAF 843 billion (7.7% of GDP) in 2009.
  • CFAF 885.2 billion (7.8% of GDP) in 2010.
  • CFAF 840.1 billion (end-September 2011).
• Total pro-poor expenditures reached CFAF 2,568.3 billion.
• The proportion of pro-poor spending in total government expenditure was:
  • 32% in 2009.
  • 30% in 2010.
  • 27% in 2011.

7. Progress Toward Results

• The country made progress in restoring state authority, improving security, and judicial and administrative governance.
• Efforts were made to decentralize governance and promote regional development.
• Social welfare improvements included:
  • Education and training initiatives.
  • Health programs, including HIV/AIDS prevention and treatment.
  • Gender equality promotion.
  • Water and sanitation projects.
  • Social protection and civil protection.
• The government also worked on reintegration and rehabilitation programs for conflict-affected populations.

8. Outlook and Future Goals

• The government aims to:
  • Improve macroeconomic forecasting.
  • Increase tax and non-tax revenue.
  • Prioritize capital expenditure over current spending.
  • Strengthen public enterprise management.
  • Enhance budget preparation mechanisms.
  • Improve fiscal transparency and public debt management.
  • Strengthen financial sector oversight.
  • Develop a consensual framework for technical and financial partners.
  • Promote the Ivorian economy internationally.
  • Enhance international cooperation.

9. Financing Sources

• The PRSP is financed through:
  • Government budget resources.
  • Technical and financial partners (TFP), including budget support and project/program grants.
  • External financing via subregional financial markets.

Key Information

• PRSP Implementation Period: 2009–2011.
• Key Reforms: Tax reforms, public expenditure management, debt restructuring, and governance improvements.
• Challenges: Socio-political instability, particularly in 2010, affected implementation.
• Progress: Gradual recovery of economic activity and social cohesion post-2011 crisis.
• Goals: Poverty reduction, job creation, and long-term economic and financial sustainability.

Conclusion

The implementation of the PRSP in Côte d'Ivoire, despite socio-political disruptions, led to encouraging results in public financial management, social development, and economic recovery. The government continued to focus on fiscal consolidation, debt management, and inclusive growth to achieve poverty reduction and sustainable development in the long term.