Cote D'ivoire: Statistical Appendix

International Monetary Fund

doi:10.5089/9781451807844.002.A001

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Cote D'ivoire

Statistical Appendix

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International Monetary Fund

International Monetary Fund
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Publication Date:: 01 Jan 1999

eISBN:: 9781451807844

Language:: English

Keywords:: ISCR; CR; tax; debt service; taxable income; net credit; schedular tax; long-term debt; tertiary sector

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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Abstract

Table 1.

Côte d’Ivoire: Selected National Accounts Indicators, 1992-98

Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prevision Economique; and staff estimates.

^{^1/}Including oil production and other extractive industries.

^{^2/}Including import taxes and duties and public administration.

Table 1.

Côte d’Ivoire: Selected National Accounts Indicators, 1992-98

	1992	1993	1994	1995	1996	1997	1998 Est.
			(In billions of CFA francs)
GDP (nominal)	2,951.2	2,946.2	4,256.0	4,987.7	5,473.6	5,984.4	6,492.6
Gross domestic spending (nominal)	2,840.1	2,913.6	3,838.2	4,719.2	4,989.0	5,580.8	6,080.4
Resource balance (+ = surplus)	112.0	33.0	418.0	268.9	422.4	403.5	412.1
			(Percentage changes)
Real GDP	-0.2	-0.3	2.1	7.1	6.8	6.0	5.4
Nominal GDP	-0.3	-0.2	44.5	17.2	9.7	9.3	8.5
GDP deflator	0.0	0.0	41.7	9.4	2.8	3.2	3.0
Real GDP per capita	-4.1	-4.0	-1.9	3.2	3.1	2.3	1.7
			(Volume change in percent)
Primary sector^1/	1.6	0.0	0.4	10.0	3.7	1.0	1.8
Secondary sector	2.9	0.8	0.9	3.3	9.4	12.7	9.3
Tertiaiy sector^2/	-2.9	-0.9	3.8	6.6	7.9	6.6	6.0
			(In percent of GDP)
Primary sector^1/	34.2	35.1	27.8	29.0	28.0	26.9	26.3
Secondary sector	21.1	20.5	18.4	19.8	20.3	21.6	22.4
Tertiary sector^2/	44.7	44.4	53.8	51.2	51.7	51.6	51.3
Resource balance (+ = surplus)	3.8	1.1	9.8	5.4	7.7	6.7	6.3
Gross domestic savings	9.2	9.4	22.4	20.3	22.3	22.7	24,5
Gross domestic investment (including changes in stock)	5.4	8.3	12.5	15.0	13.4	16.0	18.2

Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prevision Economique; and staff estimates.

^{^1/}Including oil production and other extractive industries.

^{^2/}Including import taxes and duties and public administration.

Table 1.

Côte d’Ivoire: Selected National Accounts Indicators, 1992-98

	1992	1993	1994	1995	1996	1997	1998 Est.
			(In billions of CFA francs)
GDP (nominal)	2,951.2	2,946.2	4,256.0	4,987.7	5,473.6	5,984.4	6,492.6
Gross domestic spending (nominal)	2,840.1	2,913.6	3,838.2	4,719.2	4,989.0	5,580.8	6,080.4
Resource balance (+ = surplus)	112.0	33.0	418.0	268.9	422.4	403.5	412.1
			(Percentage changes)
Real GDP	-0.2	-0.3	2.1	7.1	6.8	6.0	5.4
Nominal GDP	-0.3	-0.2	44.5	17.2	9.7	9.3	8.5
GDP deflator	0.0	0.0	41.7	9.4	2.8	3.2	3.0
Real GDP per capita	-4.1	-4.0	-1.9	3.2	3.1	2.3	1.7
			(Volume change in percent)
Primary sector^1/	1.6	0.0	0.4	10.0	3.7	1.0	1.8
Secondary sector	2.9	0.8	0.9	3.3	9.4	12.7	9.3
Tertiaiy sector^2/	-2.9	-0.9	3.8	6.6	7.9	6.6	6.0
			(In percent of GDP)
Primary sector^1/	34.2	35.1	27.8	29.0	28.0	26.9	26.3
Secondary sector	21.1	20.5	18.4	19.8	20.3	21.6	22.4
Tertiary sector^2/	44.7	44.4	53.8	51.2	51.7	51.6	51.3
Resource balance (+ = surplus)	3.8	1.1	9.8	5.4	7.7	6.7	6.3
Gross domestic savings	9.2	9.4	22.4	20.3	22.3	22.7	24,5
Gross domestic investment (including changes in stock)	5.4	8.3	12.5	15.0	13.4	16.0	18.2

Sources: Institut National de la Statistique (INS); Ministère de l’Economie et des Finances, Direction de la Conjoncture et de la Prevision Economique; and staff estimates.

^{^1/}Including oil production and other extractive industries.

^{^2/}Including import taxes and duties and public administration.

Table 2.

Côte d’Ivoire: GDP by Origin, 1992-98

(In billions of CFA francs at current market prices)

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

Table 2.

Côte d’Ivoire: GDP by Origin, 1992-98

(In billions of CFA francs at current market prices)

			1992	1993	1994	1995	1996	1997	1998 Est.
Primary sector			1,010.0	1,033.2	1,184.0	1,445.4	1,531.7	1,607.3	1,707.7
	Food crops		720.0	717.0	746.0	825.4	889.9	915.9	950.6
	Export crops		250.0	257.0	363.0	549.0	561.9	610.2	670.7
	Forestry		34.0	54.2	70.0	63.0	60.2	61.7	66.9
	Petroleum extraction		6.0	5.0	5.0	8.0	19.7	19.6	19.5
Secondary sector			623.0	604.0	784.0	990.0	1,110.8	1,290.2	1,452.1
	Agro-industries		176.0	171.0	233.0	282.0	314.1	351.1	393.7
	Energy (including
		petroleum refining)	166.0	163.0	198.0	224.0	249.6	291.2	314.5
	Construction and public works		60.0	59.0	83.0	131.0	156.3	199.8	231.6
	Other industries		221.0	211.0	270.0	353.0	390.8	448.2	512.4
Tertiary sector			1,319.1	1,309.0	2,288.0	2,552.3	2,831.1	3,086.8	3,332.8
	Transportation		253.0	266.0	434.0	469.0	514.4	561.3	623.8
	Other services		224.0	235.0	565.0	632.0	693.1	759.2	836.6
	Trade services		269.1	275.0	660.0	812.0	929.5	1,030.3	1,128.5
	Import duties and taxes		169.0	152.0	190.0	225.3	255.8	276.4	281.6
	Public administration		404.0	381.0	439.0	414.0	438.3	459.5	462.2
GDP			2,952.1	2,946.2	4,256.0	4,987.7	5,473.6	5,984.4	6,492.6
Memorandum items:
	Population (millions)		12.7	13.2	13.7	14.2	14.7	15.3	15.8
	GDP per capita
		(in thousands of CFA francs)	233.0	223.5	310.7	350.7	371.5	392.1	410.6
		(in U.S. dollars)	880.3	789.5	559.5	702.7	726.2	671.7	699.8

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

Table 2.

Côte d’Ivoire: GDP by Origin, 1992-98

(In billions of CFA francs at current market prices)

			1992	1993	1994	1995	1996	1997	1998 Est.
Primary sector			1,010.0	1,033.2	1,184.0	1,445.4	1,531.7	1,607.3	1,707.7
	Food crops		720.0	717.0	746.0	825.4	889.9	915.9	950.6
	Export crops		250.0	257.0	363.0	549.0	561.9	610.2	670.7
	Forestry		34.0	54.2	70.0	63.0	60.2	61.7	66.9
	Petroleum extraction		6.0	5.0	5.0	8.0	19.7	19.6	19.5
Secondary sector			623.0	604.0	784.0	990.0	1,110.8	1,290.2	1,452.1
	Agro-industries		176.0	171.0	233.0	282.0	314.1	351.1	393.7
	Energy (including
		petroleum refining)	166.0	163.0	198.0	224.0	249.6	291.2	314.5
	Construction and public works		60.0	59.0	83.0	131.0	156.3	199.8	231.6
	Other industries		221.0	211.0	270.0	353.0	390.8	448.2	512.4
Tertiary sector			1,319.1	1,309.0	2,288.0	2,552.3	2,831.1	3,086.8	3,332.8
	Transportation		253.0	266.0	434.0	469.0	514.4	561.3	623.8
	Other services		224.0	235.0	565.0	632.0	693.1	759.2	836.6
	Trade services		269.1	275.0	660.0	812.0	929.5	1,030.3	1,128.5
	Import duties and taxes		169.0	152.0	190.0	225.3	255.8	276.4	281.6
	Public administration		404.0	381.0	439.0	414.0	438.3	459.5	462.2
GDP			2,952.1	2,946.2	4,256.0	4,987.7	5,473.6	5,984.4	6,492.6
Memorandum items:
	Population (millions)		12.7	13.2	13.7	14.2	14.7	15.3	15.8
	GDP per capita
		(in thousands of CFA francs)	233.0	223.5	310.7	350.7	371.5	392.1	410.6
		(in U.S. dollars)	880.3	789.5	559.5	702.7	726.2	671.7	699.8

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

Table 3.

Côte d’Ivoire: Supply and Use of Resources, 1992-98

(In billions of CFA francs at current market prices)

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

^{^1/}Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 3.

Côte d’Ivoire: Supply and Use of Resources, 1992-98

(In billions of CFA francs at current market prices)

			1992	1993	1994	1995	1996	1997	1998 Est.
Supply of resources
	GDP		2,952.1	2,946.2	4,256.0	4,987.7	5,473.6	5,984.4	6,492.6
	Imports of goods and nonfactor services		830.0	814.0	1,409.0	1,782.1	2,142.5	2,384.8	2,458.5
		Total^1/	3,782.1	3,760.2	5,665.0	6,769.8	7,616.1	8,369.2	8,951.0
Use of resources
	Consumption		2,681.1	2,669.0	3,304.2	3,973.0	4,253.7	4,623.3	4,898.8
	Private		2,166.2	2,185.0	2,749.2	3,379.0	3,592.1	3,928.3	4,207.9
	Public		514.9	484.0	555.0	594.0	661.6	695.1	690.9
	Gross fixed investment		251.0	230.9	473.0	641.2	760.3	957.5	1,181.6
		Private	138.2	121.4	298.2	432.6	527.6	672.5	835.3
		Public	112.8	109.5	174.8	208.6	232.7	285.0	346.3
	Change in stocks		-92.0	13.7	61.0	105.0	-25.0	0.0	0.0
	Exports of goods and nonfactor services		942.0	847.0	1,827.0	2,051.0	2,565.0	2,788.4	2,870.6
		Total^1/	3,782.1	3,760.6	5,665.2	6,770.2	7,554.0	8,369.2	8,951.0

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

^{^1/}Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 3.

Côte d’Ivoire: Supply and Use of Resources, 1992-98

(In billions of CFA francs at current market prices)

			1992	1993	1994	1995	1996	1997	1998 Est.
Supply of resources
	GDP		2,952.1	2,946.2	4,256.0	4,987.7	5,473.6	5,984.4	6,492.6
	Imports of goods and nonfactor services		830.0	814.0	1,409.0	1,782.1	2,142.5	2,384.8	2,458.5
		Total^1/	3,782.1	3,760.2	5,665.0	6,769.8	7,616.1	8,369.2	8,951.0
Use of resources
	Consumption		2,681.1	2,669.0	3,304.2	3,973.0	4,253.7	4,623.3	4,898.8
	Private		2,166.2	2,185.0	2,749.2	3,379.0	3,592.1	3,928.3	4,207.9
	Public		514.9	484.0	555.0	594.0	661.6	695.1	690.9
	Gross fixed investment		251.0	230.9	473.0	641.2	760.3	957.5	1,181.6
		Private	138.2	121.4	298.2	432.6	527.6	672.5	835.3
		Public	112.8	109.5	174.8	208.6	232.7	285.0	346.3
	Change in stocks		-92.0	13.7	61.0	105.0	-25.0	0.0	0.0
	Exports of goods and nonfactor services		942.0	847.0	1,827.0	2,051.0	2,565.0	2,788.4	2,870.6
		Total^1/	3,782.1	3,760.6	5,665.2	6,770.2	7,554.0	8,369.2	8,951.0

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

^{^1/}Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 4.

Côte d’Ivoire: Supply and Use of Resources, 1992-98

(In percent of GDP)

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

^{^1/}Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 4.

Côte d’Ivoire: Supply and Use of Resources, 1992-98

(In percent of GDP)

				1992	1993	1994	1995	1996	1997	1998 Est.
Supply of resources
GDP				100.0	100.0	100.0	100.0	100.0	100.0	100.0
	Imports of goods and
		nonfactor services		28.1	27.6	33.1	35.7	39.1	39.9	37.9
			Total^1/	128.1	127.6	133.1	135.7	139.1	139.9	137.9
Use of resources
	Consumption			90.8	90.6	77.6	79.7	77.7	77.3	75.5
		Private		73.4	74.2	64.6	67.7	65.6	65.6	64.8
		Public		17.4	16.4	13.0	11.9	12.1	11.6	10.6
	Gross fixed investment			8.5	7.8	11.1	12.9	13.9	16.0	18.2
		Private		4.7	4.1	7.0	8.7	9.6	11.2	12.9
		Public		3.8	3.7	4.1	4.2	4.3	4.8	5.3
	Change in stocks			-3.1	0.5	1.4	2.1	-0.5	0.0	0.0
	Exports of goods and
		nonfactor services		28.8	29.2	44.4	43.2	46.4	46.6	44.2
			Total^1/	128.1	127.6	133.1	135.7	138.0	139.9	137.9

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

^{^1/}Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 4.

Côte d’Ivoire: Supply and Use of Resources, 1992-98

(In percent of GDP)

				1992	1993	1994	1995	1996	1997	1998 Est.
Supply of resources
GDP				100.0	100.0	100.0	100.0	100.0	100.0	100.0
	Imports of goods and
		nonfactor services		28.1	27.6	33.1	35.7	39.1	39.9	37.9
			Total^1/	128.1	127.6	133.1	135.7	139.1	139.9	137.9
Use of resources
	Consumption			90.8	90.6	77.6	79.7	77.7	77.3	75.5
		Private		73.4	74.2	64.6	67.7	65.6	65.6	64.8
		Public		17.4	16.4	13.0	11.9	12.1	11.6	10.6
	Gross fixed investment			8.5	7.8	11.1	12.9	13.9	16.0	18.2
		Private		4.7	4.1	7.0	8.7	9.6	11.2	12.9
		Public		3.8	3.7	4.1	4.2	4.3	4.8	5.3
	Change in stocks			-3.1	0.5	1.4	2.1	-0.5	0.0	0.0
	Exports of goods and
		nonfactor services		28.8	29.2	44.4	43.2	46.4	46.6	44.2
			Total^1/	128.1	127.6	133.1	135.7	138.0	139.9	137.9

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

^{^1/}Gaps between total supply and use of resources are due to reporting differences on external trade in the compilation of the national accounts and balance of payments.

Table 5.

Côte d’Ivoire: Deflators of Sectoral Output, 1992-98

(Annual percentage changes; base year=1986)

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

Table 5.

Côte d’Ivoire: Deflators of Sectoral Output, 1992-98

(Annual percentage changes; base year=1986)

			1992	1993	1994	1995	1996	1997	1998 Est.
Primary sector			0.2	2.3	14.1	11.0	2.1	3.9	4.3
	Food crop agriculture		6.7	0.3	2.0	6.7	2.1	8.0	7.0
	Export agriculture		-12.5	3.6	45.1	29.8	3.9	1.2	3.5
	Forestry		-15.1	37.0	15.6	-8.6	-1.4	0.9	3.0
	Petroleum		-13.9	-8.7	-8.8	-28.9	4.0	3.5	1.1
Secondary sector			-5.0	-3.8	28.7	22.2	2.6	3.1	2.9
	Agro-industries		-8.2	-5.4	49.8	28.5	1.9	3.5	2.4
	Energy		-4.8	-2.2	16.3	10.6	2.4	2.6	1.5
	Construction		-12.6	-0.8	33.8	28.3	4.0	6.5	3.5
	Other industries		0.5	-4.5	21.8	24.7	2.7	2.4	3.0
Tertiary sector			2.0	0.2	68.4	4.6	2.8	2.3	1.9
	Of which
		Transportation	9.9	7.2	54.3	6.2	2.5	1.5	1.5
		Services	-0.4	-5.7	152.2	6.7	2.5	1.9	2.5
Overall GDP			0.0	0.1	41.5	9.4	2.8	3.2	3.0

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

Table 5.

Côte d’Ivoire: Deflators of Sectoral Output, 1992-98

(Annual percentage changes; base year=1986)

			1992	1993	1994	1995	1996	1997	1998 Est.
Primary sector			0.2	2.3	14.1	11.0	2.1	3.9	4.3
	Food crop agriculture		6.7	0.3	2.0	6.7	2.1	8.0	7.0
	Export agriculture		-12.5	3.6	45.1	29.8	3.9	1.2	3.5
	Forestry		-15.1	37.0	15.6	-8.6	-1.4	0.9	3.0
	Petroleum		-13.9	-8.7	-8.8	-28.9	4.0	3.5	1.1
Secondary sector			-5.0	-3.8	28.7	22.2	2.6	3.1	2.9
	Agro-industries		-8.2	-5.4	49.8	28.5	1.9	3.5	2.4
	Energy		-4.8	-2.2	16.3	10.6	2.4	2.6	1.5
	Construction		-12.6	-0.8	33.8	28.3	4.0	6.5	3.5
	Other industries		0.5	-4.5	21.8	24.7	2.7	2.4	3.0
Tertiary sector			2.0	0.2	68.4	4.6	2.8	2.3	1.9
	Of which
		Transportation	9.9	7.2	54.3	6.2	2.5	1.5	1.5
		Services	-0.4	-5.7	152.2	6.7	2.5	1.9	2.5
Overall GDP			0.0	0.1	41.5	9.4	2.8	3.2	3.0

Sources: Institut National de la Statistique (INS); Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and staff estimates.

Table 6.

Côte d’Ivoire: Consumer Price Inflation in Abidjan, 1990-98

(Average percentage change from year earlier)

Sources: Ministere de l’Economie et des Finances, Institut National de la Statistique; and staff estimates.

^{^1/}European-type household.

^{^2/}African-type household, headed by a professional.

^{^3/}Based on a basket of goods derived from a new household consumption survey. The old moderate-price index was discontinued in 1988.

^{^4/}The harmonized consumer price index was adapted by all members of the West African Economic and Monetary Union (WAEMU) and put in place in January 1998.

Table 6.

Côte d’Ivoire: Consumer Price Inflation in Abidjan, 1990-98

(Average percentage change from year earlier)

	High-Income Price Index^1/	Moderate-Income Price Index^2/	Low-Income Price Index^3/	Harmonized -Index (H.C.P.I.)^4/
1990	0.9	-1.6	-0.7	…
1991	0.8	0.9	1.6	…
1992	1.2	5.4	4.2	…
1993	0.4	3.1	2.4	…
1994	33.9	24.5	26.1	…
1995	10.8	11.4	14.2	…
1996	3.5	2.2	2.7	…
1997	4.1	4.3	5.6	…
1998	--	--	--	4.5
1990 1	1.5	-1.5	-0.5	…
1990 II	0.8	-2.1	-0.8	…
1990 III
1990 IV
1991 I	-0.2	0.4	1.5	…
1991 II	1.2	1.1	1.6	…
1991 III	1.5	0.6	1.9	…
1991 IV	1.2	1.4	1.6	…
1992 1	1.6	3.0	2.7	…
1992 II	0.9	6.1	4.3	…
1992 III	1.8	6.6	5.5	…
1992 IV	0.6	5.8	4.3	…
1993 1	0.0	5.6	3.7	…
1993 II	-0.1	2.4	2.1	…
1993 III	0.3	2.3	1.7	…
1993 IV	1.3	2.0	2.2	…
1994 1	25.0	14.5	15.3	…
1994 II	33.5	23.6	25.6	…
1994 III	36.6	29.2	30.5	…
1994 IV	40.6	30.9	32.7	…
1995 1	18.9	18.9	22.4	…
1995 II	11.9	13.5	16.1	…
1995 III	8.1	7.7	10.4	…
1995 IV	5.5	6.4	8.6	…
1996 1	2.9	2.8	3.2	…
1996 II	3.5	1.6	2.1	…
1996 III	3.7	2.4	2.7	…
1996 IV	4.1	2.2	2.8	…
1997 1	5.2	4.2	5.0	…
1997 II	3.9	4.6	5.9	…
1997 III	3.4	4.7	6.5	…
1997 IV	3.7	3.6	5.1	…
19981	…	…	…	4.9
1998 II	…	…	…	7.1
1998 III	…	…	…	4.0
1998 IV	…	…	…	2.2

Sources: Ministere de l’Economie et des Finances, Institut National de la Statistique; and staff estimates.

^{^1/}European-type household.

^{^2/}African-type household, headed by a professional.

^{^3/}Based on a basket of goods derived from a new household consumption survey. The old moderate-price index was discontinued in 1988.

^{^4/}The harmonized consumer price index was adapted by all members of the West African Economic and Monetary Union (WAEMU) and put in place in January 1998.

Table 6.

Côte d’Ivoire: Consumer Price Inflation in Abidjan, 1990-98

(Average percentage change from year earlier)

	High-Income Price Index^1/	Moderate-Income Price Index^2/	Low-Income Price Index^3/	Harmonized -Index (H.C.P.I.)^4/
1990	0.9	-1.6	-0.7	…
1991	0.8	0.9	1.6	…
1992	1.2	5.4	4.2	…
1993	0.4	3.1	2.4	…
1994	33.9	24.5	26.1	…
1995	10.8	11.4	14.2	…
1996	3.5	2.2	2.7	…
1997	4.1	4.3	5.6	…
1998	--	--	--	4.5
1990 1	1.5	-1.5	-0.5	…
1990 II	0.8	-2.1	-0.8	…
1990 III
1990 IV
1991 I	-0.2	0.4	1.5	…
1991 II	1.2	1.1	1.6	…
1991 III	1.5	0.6	1.9	…
1991 IV	1.2	1.4	1.6	…
1992 1	1.6	3.0	2.7	…
1992 II	0.9	6.1	4.3	…
1992 III	1.8	6.6	5.5	…
1992 IV	0.6	5.8	4.3	…
1993 1	0.0	5.6	3.7	…
1993 II	-0.1	2.4	2.1	…
1993 III	0.3	2.3	1.7	…
1993 IV	1.3	2.0	2.2	…
1994 1	25.0	14.5	15.3	…
1994 II	33.5	23.6	25.6	…
1994 III	36.6	29.2	30.5	…
1994 IV	40.6	30.9	32.7	…
1995 1	18.9	18.9	22.4	…
1995 II	11.9	13.5	16.1	…
1995 III	8.1	7.7	10.4	…
1995 IV	5.5	6.4	8.6	…
1996 1	2.9	2.8	3.2	…
1996 II	3.5	1.6	2.1	…
1996 III	3.7	2.4	2.7	…
1996 IV	4.1	2.2	2.8	…
1997 1	5.2	4.2	5.0	…
1997 II	3.9	4.6	5.9	…
1997 III	3.4	4.7	6.5	…
1997 IV	3.7	3.6	5.1	…
19981	…	…	…	4.9
1998 II	…	…	…	7.1
1998 III	…	…	…	4.0
1998 IV	…	…	…	2.2

Sources: Ministere de l’Economie et des Finances, Institut National de la Statistique; and staff estimates.

^{^1/}European-type household.

^{^2/}African-type household, headed by a professional.

^{^3/}Based on a basket of goods derived from a new household consumption survey. The old moderate-price index was discontinued in 1988.

^{^4/}The harmonized consumer price index was adapted by all members of the West African Economic and Monetary Union (WAEMU) and put in place in January 1998.

Table 7.

Côte d’Ivoire: Decomposition of Consumer Price Index, 1997-98^1/

(Index, 1996=100, unless otherwise indicated)

Sources: Ministere de l’Economie et des Finances; and Institut National de la Statistique.

^{^1/}The harmonized index presented here was introduced by the member countries of the West African Economic and Monetary Union (WAEMU) in January 1998.

^{^2/}The weights used are on the basis of household surveys carried out in the WAEMU in 1996.

Table 7.

Côte d’Ivoire: Decomposition of Consumer Price Index, 1997-98^1/

(Index, 1996=100, unless otherwise indicated)

	Weight^2/ (1996=100)		1997				1998
Mar.	Jun.	Sep.	Dec.	Mar.	Jun.	Sep.	Dec.
Foodstuffs	32.2	106.3	111.1	110.3	109.1	116.8	130.8	115.3	110.9
Clothing	7.4	102.3	103.3	103.5	100.1	104.8	103.8	104.2	105.7
Housing and public utilities	13.9	100.6	100.4	100.8	99.7	101.9	101.0	101.1	103.9
Household equipment	5.7	101.1	100.6	105.0	105.0	105,5	107.8	108.4	108.8
Health services and medicinal drugs	4.6	100.5	100.9	101.0	101.4	103.2	105.0	104.3	104.8
Transportation and vehicles	9.6	100.8	100.6	101.9	100.7	100.5	102.4	102.3	101.0
Leisure and show	4.2	100.6	101.1	101.8	99.8	102.3	102.6	102.6	102.8
Education	3.0	101.1	102.7	101.1	108.8	104.5	104.4	104.6	105.2
Hotel-Coffee-Restaurant	12.3	102.3	102.9	107.3	107.3	106.4	107.2	107.3	109.9
Others goods and services	7.1	101.8	104.8	107.4	110.4	110.3	107.6	107.4	107.3
Consumer price index (CPI)		102.9	104.8	105.7	105.2	108.3	112.9	108.0	107.3
CPI monthly rate of change (in percent)		0.3	1.0	0.1	0.6	0.9	1.2	-1.5	0.1
CPI 12-month change (in percent)						5.2	6.8	-0.3	2.0
Annual average					104.2				108.9
Annual average (change in percent)					4.2				4.5

Sources: Ministere de l’Economie et des Finances; and Institut National de la Statistique.

^{^1/}The harmonized index presented here was introduced by the member countries of the West African Economic and Monetary Union (WAEMU) in January 1998.

^{^2/}The weights used are on the basis of household surveys carried out in the WAEMU in 1996.

Table 7.

Côte d’Ivoire: Decomposition of Consumer Price Index, 1997-98^1/

(Index, 1996=100, unless otherwise indicated)

	Weight^2/ (1996=100)		1997				1998
Mar.	Jun.	Sep.	Dec.	Mar.	Jun.	Sep.	Dec.
Foodstuffs	32.2	106.3	111.1	110.3	109.1	116.8	130.8	115.3	110.9
Clothing	7.4	102.3	103.3	103.5	100.1	104.8	103.8	104.2	105.7
Housing and public utilities	13.9	100.6	100.4	100.8	99.7	101.9	101.0	101.1	103.9
Household equipment	5.7	101.1	100.6	105.0	105.0	105,5	107.8	108.4	108.8
Health services and medicinal drugs	4.6	100.5	100.9	101.0	101.4	103.2	105.0	104.3	104.8
Transportation and vehicles	9.6	100.8	100.6	101.9	100.7	100.5	102.4	102.3	101.0
Leisure and show	4.2	100.6	101.1	101.8	99.8	102.3	102.6	102.6	102.8
Education	3.0	101.1	102.7	101.1	108.8	104.5	104.4	104.6	105.2
Hotel-Coffee-Restaurant	12.3	102.3	102.9	107.3	107.3	106.4	107.2	107.3	109.9
Others goods and services	7.1	101.8	104.8	107.4	110.4	110.3	107.6	107.4	107.3
Consumer price index (CPI)		102.9	104.8	105.7	105.2	108.3	112.9	108.0	107.3
CPI monthly rate of change (in percent)		0.3	1.0	0.1	0.6	0.9	1.2	-1.5	0.1
CPI 12-month change (in percent)						5.2	6.8	-0.3	2.0
Annual average					104.2				108.9
Annual average (change in percent)					4.2				4.5

Sources: Ministere de l’Economie et des Finances; and Institut National de la Statistique.

^{^1/}The harmonized index presented here was introduced by the member countries of the West African Economic and Monetary Union (WAEMU) in January 1998.

^{^2/}The weights used are on the basis of household surveys carried out in the WAEMU in 1996.

Table 8.

Côte d’Ivoire: Price Structure of Oil and Gas Products, 1996-98

(In CFA francs per liter, unless otherwise indicated)

Source: Ministere des Ressources Minières et Pètrolières, Direction des Hydrocarbures.

Table 8.

Côte d’Ivoire: Price Structure of Oil and Gas Products, 1996-98

(In CFA francs per liter, unless otherwise indicated)

	Gasoline				Jet Fuel			Heavy Fuel
	Premium	Regular	Kerosene	Diesel Fuel	DDOl		DD02	(FO 180)
As of July 1996
Ex-refinery price		106.1	101.2	121.4	126.6	110.8	110.8	75.2
Oil-specific fex(TSPP)		154.0	138.5	0.5	50.7	59.6	1.5	1.8
Customs duties		10.2	9.6	5.3	0.0	0.0	0.0	0.0
Statistical levy		2.6	2.4	2.7	2.6	2.8	2.8	1.9
Value-added tax (VAT)		53.8	49.2	12.8	31.1	34.8	12.8	8.7
Harbor user tax		1.2	1.2	1.2	1.2	1.2	1.	1.2
Transport equalization tax		13.0	13.0	13.0	13.0	0.0	0.0	0.0
Secunty stock fees and SYDAM		1.7	1.7	1.7	l.7	1.0	1.0	1.0
Distributor profit margin		29.7	26.7	24.9	23.1	18.0	18.0	14.6
Parafiscal levy (ADSP).		…	…	…	…	…	…	…
VAX on distributor margins		9.1	8.5	4.5	7.8	4.0	2.2	1.9
Retailer profit margin		13.8	13.2	12.2	12.4	0.0	0.0	0.0
Stabilization		4.1	5.5	14.7	24.0	-l.0	-15.5	-3.9
Retail price		395.0	365.0	200.0	270.0	208.3	148.7	104.5
Retail price (CFAF per kg.)		526.7	491.8	243.8	315.3	232.1	165.7	110.1
Memorandum item:
Total fiscal contribution		233.7	213.6	40.5	116.2	99.9	38.0	10.0
As of October 1997
Ex-refinery price		137.0	127.7	126.2	122.7	134.4	134.4	92.4
Oil-specific tax (TSPP)		151.9	136.2	0.5	48.0	59.5	1.5	1.5
Customs duties		13.7	12.8	6.3	0.0	0.0	0.0	0.0
Statistical levy		3.6	3.3	3.3	3.2	3.5	3.5	2.4
Value-added lax (VAT)		61.2	56.0	15.1	34.8	39.5	15.5	10.7
Harbor user tax.		1.2	1.2	1.2	1.2	1.2	1.2	1.2
Transport equalization tax		15.5	15.5	15.5	15.5	0.0	0.0	0.0
Security stock fees and SYDAM		1.7	1.7	1.7	1.7	1.7	1.7	1.7
VAT on parafiscal taxes		3.7	3.7	2.0	3.7	0.6	0.3	0.3
Price before margins		389.4	358.0	178.8	230.7
Price before margins (CFAF per kg.)						240.3	158.1	110.2
Memorandum item:
Observed mean retail price		441.0	411.0	203.0	276.0
Observed mean retail price (CFAF per kg.)						261.2	176.0	124.8
Total fiscal contribution after margin		241.6	219.9	29.4	96.2	107.2	22.8	16.5
As of December 1998
Ex-refinery price		83.1	75.5	81.4	76.0	83.0	83.0	63.3
Oil-specific tax’(TSPP)		153.7	137.7	0.5	48.1	59.5	1.5	1.5
Customs duties		8.3	7.6	4.1	0.0	0.0	0.0
Statistical levy		2.2	2.0	2.1	2.0	2.2	2.2	1.6
Value-added lax (VAT)		49.5	44.5	9.8	25.2	28.9	9.6	7.4
Harbor user tax		1.2	1.2	1.2	1.2	1.2	1.2	1.2
Transport equalization tax		15.5	15.5	15.5	15.5	15.5	15.5	15.5
Security stock fees and SYDAM		1.7	1.7	1.7	1.7	1.7	1.7	1.7
VAT on parafiscal taxes		3.7	3.7	2.0	3.7	3.7	2.0	2.0
Price before margins		318.8	289.3	118.3	173.4
Price before margins						195.6	116.6	94.2
Memorandum item:
Observed mean retail price		400.0	365.0	175.0	243.0
Observed mean retail price (CFAF per kg.)						240.0	140.0	115.0
Total fiscal contribution after margin		233.5	210.5	24.8	92.9	103.1	17.9	14.9

Source: Ministere des Ressources Minières et Pètrolières, Direction des Hydrocarbures.

Table 8.

Côte d’Ivoire: Price Structure of Oil and Gas Products, 1996-98

(In CFA francs per liter, unless otherwise indicated)

	Gasoline				Jet Fuel			Heavy Fuel
	Premium	Regular	Kerosene	Diesel Fuel	DDOl		DD02	(FO 180)
As of July 1996
Ex-refinery price		106.1	101.2	121.4	126.6	110.8	110.8	75.2
Oil-specific fex(TSPP)		154.0	138.5	0.5	50.7	59.6	1.5	1.8
Customs duties		10.2	9.6	5.3	0.0	0.0	0.0	0.0
Statistical levy		2.6	2.4	2.7	2.6	2.8	2.8	1.9
Value-added tax (VAT)		53.8	49.2	12.8	31.1	34.8	12.8	8.7
Harbor user tax		1.2	1.2	1.2	1.2	1.2	1.	1.2
Transport equalization tax		13.0	13.0	13.0	13.0	0.0	0.0	0.0
Secunty stock fees and SYDAM		1.7	1.7	1.7	l.7	1.0	1.0	1.0
Distributor profit margin		29.7	26.7	24.9	23.1	18.0	18.0	14.6
Parafiscal levy (ADSP).		…	…	…	…	…	…	…
VAX on distributor margins		9.1	8.5	4.5	7.8	4.0	2.2	1.9
Retailer profit margin		13.8	13.2	12.2	12.4	0.0	0.0	0.0
Stabilization		4.1	5.5	14.7	24.0	-l.0	-15.5	-3.9
Retail price		395.0	365.0	200.0	270.0	208.3	148.7	104.5
Retail price (CFAF per kg.)		526.7	491.8	243.8	315.3	232.1	165.7	110.1
Memorandum item:
Total fiscal contribution		233.7	213.6	40.5	116.2	99.9	38.0	10.0
As of October 1997
Ex-refinery price		137.0	127.7	126.2	122.7	134.4	134.4	92.4
Oil-specific tax (TSPP)		151.9	136.2	0.5	48.0	59.5	1.5	1.5
Customs duties		13.7	12.8	6.3	0.0	0.0	0.0	0.0
Statistical levy		3.6	3.3	3.3	3.2	3.5	3.5	2.4
Value-added lax (VAT)		61.2	56.0	15.1	34.8	39.5	15.5	10.7
Harbor user tax.		1.2	1.2	1.2	1.2	1.2	1.2	1.2
Transport equalization tax		15.5	15.5	15.5	15.5	0.0	0.0	0.0
Security stock fees and SYDAM		1.7	1.7	1.7	1.7	1.7	1.7	1.7
VAT on parafiscal taxes		3.7	3.7	2.0	3.7	0.6	0.3	0.3
Price before margins		389.4	358.0	178.8	230.7
Price before margins (CFAF per kg.)						240.3	158.1	110.2
Memorandum item:
Observed mean retail price		441.0	411.0	203.0	276.0
Observed mean retail price (CFAF per kg.)						261.2	176.0	124.8
Total fiscal contribution after margin		241.6	219.9	29.4	96.2	107.2	22.8	16.5
As of December 1998
Ex-refinery price		83.1	75.5	81.4	76.0	83.0	83.0	63.3
Oil-specific tax’(TSPP)		153.7	137.7	0.5	48.1	59.5	1.5	1.5
Customs duties		8.3	7.6	4.1	0.0	0.0	0.0
Statistical levy		2.2	2.0	2.1	2.0	2.2	2.2	1.6
Value-added lax (VAT)		49.5	44.5	9.8	25.2	28.9	9.6	7.4
Harbor user tax		1.2	1.2	1.2	1.2	1.2	1.2	1.2
Transport equalization tax		15.5	15.5	15.5	15.5	15.5	15.5	15.5
Security stock fees and SYDAM		1.7	1.7	1.7	1.7	1.7	1.7	1.7
VAT on parafiscal taxes		3.7	3.7	2.0	3.7	3.7	2.0	2.0
Price before margins		318.8	289.3	118.3	173.4
Price before margins						195.6	116.6	94.2
Memorandum item:
Observed mean retail price		400.0	365.0	175.0	243.0
Observed mean retail price (CFAF per kg.)						240.0	140.0	115.0
Total fiscal contribution after margin		233.5	210.5	24.8	92.9	103.1	17.9	14.9

Source: Ministere des Ressources Minières et Pètrolières, Direction des Hydrocarbures.

Table 9.

Côte d’Ivoire: Estimates of Food Crop Production, 1992-98

(In thousands of tons)

Sources: Ministere de l’Agriculture et des Ressources Animales; and Ministere de 1’Economie et des Finances, Direction de la Conjouncture et de la Prevision Economique.

Table 9.

Côte d’Ivoire: Estimates of Food Crop Production, 1992-98

(In thousands of tons)

		1992	1993	1994	1995	1996	1997	1998 Est.
Cereals Rice (paddy)		660.0	676.0	701.0	764.0	833.0	789.7	677.5
	Maize	514.0	517.0	535.9	556.2	569.0	512.1	491.8
	Millet	47.0	48.0	49.2	50.4	53.1	50.4	49.2
	Sorghum	26.0	28.0	28.5	25.0	25.3	24.0	23.4
	Fonio	9.0	9.0	9.2	9.0	9.0	8.6	9.1
Other food crops
	Yams	2,758.0	2,771.0	2,823.6	2,869.0	2,924.0	2,684.2	2,564.8
	Plantain bananas	1,502.0	1,509.0	1,564.1	1,608.0	1,653.0	1,553.8	1,434.7
	Cassava	1,226.0	1,233.0	1,276.2	1,365.5	1,356.0	1,220.4	1,126.8
	Taros	323.0	331.0	340.3	352.2	361.0	350.2	341.4
	Groundnuts (unshelled)	35.3	35.3	36.7	38.2	39.6	39.6	40.3

Sources: Ministere de l’Agriculture et des Ressources Animales; and Ministere de 1’Economie et des Finances, Direction de la Conjouncture et de la Prevision Economique.

Table 9.

Côte d’Ivoire: Estimates of Food Crop Production, 1992-98

(In thousands of tons)

		1992	1993	1994	1995	1996	1997	1998 Est.
Cereals Rice (paddy)		660.0	676.0	701.0	764.0	833.0	789.7	677.5
	Maize	514.0	517.0	535.9	556.2	569.0	512.1	491.8
	Millet	47.0	48.0	49.2	50.4	53.1	50.4	49.2
	Sorghum	26.0	28.0	28.5	25.0	25.3	24.0	23.4
	Fonio	9.0	9.0	9.2	9.0	9.0	8.6	9.1
Other food crops
	Yams	2,758.0	2,771.0	2,823.6	2,869.0	2,924.0	2,684.2	2,564.8
	Plantain bananas	1,502.0	1,509.0	1,564.1	1,608.0	1,653.0	1,553.8	1,434.7
	Cassava	1,226.0	1,233.0	1,276.2	1,365.5	1,356.0	1,220.4	1,126.8
	Taros	323.0	331.0	340.3	352.2	361.0	350.2	341.4
	Groundnuts (unshelled)	35.3	35.3	36.7	38.2	39.6	39.6	40.3

Sources: Ministere de l’Agriculture et des Ressources Animales; and Ministere de 1’Economie et des Finances, Direction de la Conjouncture et de la Prevision Economique.

Table 10.

Côte d’Ivoire: Production and Exports of Cash Crops, 1992-98^1/

(In thousands of metric tons)

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prevision Economique; and Direction des Grands Travaux,Productions du Secteur Moteur de VEconomie Ivoirienne 1986-1995 (September 1996).

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

^{^2/}Bean equivalent.

Table 10.

Côte d’Ivoire: Production and Exports of Cash Crops, 1992-98^1/

(In thousands of metric tons)

			1992	1993	1994	1995	1996	1997	1998 Est.
Coffee
	Production		257.0	150.2	126.0	189.1	186.4	281.8	311.0
	Exports		264.6	226.5	128.8	144.8	166.0	271.0	252.0
		Coffee beans	264.6	226.3	136.3	144.9	146.4	257.4	236.1
		Processed coffee^2/	8.0	5.7	7.5	5.7	8.4	8.9	9.3
Cocoa
	Production		764.8	739.6	951.7	1061.6	1,105.4	1,158.0	1,201.0
	Exports		744.4	808.8	809.8	892.9	1,222.0	1,124.0	1,016.0
		Cocoa beans	623,2	789.4	694.6	741.3	1,054.0	992.6	895.4
		Processed cocoa^2/	97.0	83.1	85.5	117.8	106.9	124.9	159.1
Bananas
	Production		190.6	195.1	173.0	191.0	215.8	217.2	225.6
	Exports		152.9	172.8	156.2	176.5	194.2	195.5	203.1
Pineapples
	Production		201.3	179.9	204.9	209.7	243.5	249.5	213.4
	Exports of fresh fruit		127.2	125.9	134.1	135.9	170.4	175.0	149.4
Cotton
	Production: seed cotton		87.8	105.6	115.6	92.8	96.4	114.1	115.1
	Exports (lint)		66.8	95.8	101.0	88.1	73.4	93.6	122.3
Palm oil
	Production		260.8	255.8	267.7	249.5	265.7	296.9	…
	Exports		169.3	196.8	147.7	119.8	99.4	73.2	101.7
Sugar
	Production		150.7	125.3	125.4	118.9	120.9	120.3	…
	Exports		11.3	37.4	31.6	10.9	27.5	40.4	11.1
Rubber
	Production		71.0	83.1	77.5	68.0	90.5	107.6	108.3
	Exports		73.8	71.6	75.7	79.6	97.0	109,6	114.4

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

^{^2/}Bean equivalent.

Table 10.

Côte d’Ivoire: Production and Exports of Cash Crops, 1992-98^1/

(In thousands of metric tons)

			1992	1993	1994	1995	1996	1997	1998 Est.
Coffee
	Production		257.0	150.2	126.0	189.1	186.4	281.8	311.0
	Exports		264.6	226.5	128.8	144.8	166.0	271.0	252.0
		Coffee beans	264.6	226.3	136.3	144.9	146.4	257.4	236.1
		Processed coffee^2/	8.0	5.7	7.5	5.7	8.4	8.9	9.3
Cocoa
	Production		764.8	739.6	951.7	1061.6	1,105.4	1,158.0	1,201.0
	Exports		744.4	808.8	809.8	892.9	1,222.0	1,124.0	1,016.0
		Cocoa beans	623,2	789.4	694.6	741.3	1,054.0	992.6	895.4
		Processed cocoa^2/	97.0	83.1	85.5	117.8	106.9	124.9	159.1
Bananas
	Production		190.6	195.1	173.0	191.0	215.8	217.2	225.6
	Exports		152.9	172.8	156.2	176.5	194.2	195.5	203.1
Pineapples
	Production		201.3	179.9	204.9	209.7	243.5	249.5	213.4
	Exports of fresh fruit		127.2	125.9	134.1	135.9	170.4	175.0	149.4
Cotton
	Production: seed cotton		87.8	105.6	115.6	92.8	96.4	114.1	115.1
	Exports (lint)		66.8	95.8	101.0	88.1	73.4	93.6	122.3
Palm oil
	Production		260.8	255.8	267.7	249.5	265.7	296.9	…
	Exports		169.3	196.8	147.7	119.8	99.4	73.2	101.7
Sugar
	Production		150.7	125.3	125.4	118.9	120.9	120.3	…
	Exports		11.3	37.4	31.6	10.9	27.5	40.4	11.1
Rubber
	Production		71.0	83.1	77.5	68.0	90.5	107.6	108.3
	Exports		73.8	71.6	75.7	79.6	97.0	109,6	114.4

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

^{^2/}Bean equivalent.

Table 11.

Côte d’Ivoire: Export Prices and Costs of Cocoa and Coffee, 1992-98^1/

(CFA franc per kilogram, unless otherwise indicated)

Sources: Caisse de stabilisation et de soutien des prix des productions agricoles (CAISTAB); and staff estimates.

^{^1/}The data reflect the cost structure for the crop year beginning in October of the year indicated. Data for 1993 reflect the situation prior to the January 1994 devaluation. Exports and marketing of coffee were liberalized in 1998.

^{^2/}In March 1999, the producer price of cocoa was lowered from CFAF 575 per kilogram to CFAF 460 per kilogram; the figure shown for 1998 is a weighted average.

^{^3/}The export tax was suspended in 1989 and reintroduced in January 1994.

Table 11.

Côte d’Ivoire: Export Prices and Costs of Cocoa and Coffee, 1992-98^1/

(CFA franc per kilogram, unless otherwise indicated)

		1992	1993	1994	1995	1996	1997	1998^2/ Est.
Cocoa
	Producer price	200.0	200.0	315.0	320.0	320.0	455.0	546.7
	Other costs	61.9	94.1	163.6	132.4	145.2	149.3	150.0
	Stabilization margin	42.5	0.0	43.5	47.8	84.8	79.9	3.2
	Export tax ^3/	0.0	0.0	200.0	160.0	150.0	150.0	150.0
	Export price, f.o.b.	304.4	294.1	722.1	660.2	700.0	834.2	849.9
Coffee
	Producer price	140.0	170.0	650.0	700.0	500.0	520.0	520.0
	Other costs	77.9	112.4	222.1	197.6	195.6	184.3	…
	Stabilization margin	-5.4	-12.1	216.5	-171.7	-17.8	71.9	…
	Export tax^3/	0.0	0.0	200.0	110.0	10.0	10.0	10.0
	Export price, f.o.b.	212.5	270.3	1,288.6	835.9	687.8	786.2	…
Memorandum items:
	Cocoa export price, c.i.f.	333.4	324.6	797.4	729.6	768.2	910.4	927.5
	Coffee export price, c.i.f.	239.0	297.7	1,365.1	918.4	758.1	846.3	…
	Export tax on cocoa (as percent of export price, c.i.f.)^3/	0.0	0.0	25.1	21.9	19.5	16.5	16.2
	Export tax on coffee (as percent of export price, c.i.f.)^3/	0.0	0.0	14.7	12.0	1.3	1.2	…

Sources: Caisse de stabilisation et de soutien des prix des productions agricoles (CAISTAB); and staff estimates.

^{^2/}In March 1999, the producer price of cocoa was lowered from CFAF 575 per kilogram to CFAF 460 per kilogram; the figure shown for 1998 is a weighted average.

^{^3/}The export tax was suspended in 1989 and reintroduced in January 1994.

Table 11.

Côte d’Ivoire: Export Prices and Costs of Cocoa and Coffee, 1992-98^1/

(CFA franc per kilogram, unless otherwise indicated)

		1992	1993	1994	1995	1996	1997	1998^2/ Est.
Cocoa
	Producer price	200.0	200.0	315.0	320.0	320.0	455.0	546.7
	Other costs	61.9	94.1	163.6	132.4	145.2	149.3	150.0
	Stabilization margin	42.5	0.0	43.5	47.8	84.8	79.9	3.2
	Export tax ^3/	0.0	0.0	200.0	160.0	150.0	150.0	150.0
	Export price, f.o.b.	304.4	294.1	722.1	660.2	700.0	834.2	849.9
Coffee
	Producer price	140.0	170.0	650.0	700.0	500.0	520.0	520.0
	Other costs	77.9	112.4	222.1	197.6	195.6	184.3	…
	Stabilization margin	-5.4	-12.1	216.5	-171.7	-17.8	71.9	…
	Export tax^3/	0.0	0.0	200.0	110.0	10.0	10.0	10.0
	Export price, f.o.b.	212.5	270.3	1,288.6	835.9	687.8	786.2	…
Memorandum items:
	Cocoa export price, c.i.f.	333.4	324.6	797.4	729.6	768.2	910.4	927.5
	Coffee export price, c.i.f.	239.0	297.7	1,365.1	918.4	758.1	846.3	…
	Export tax on cocoa (as percent of export price, c.i.f.)^3/	0.0	0.0	25.1	21.9	19.5	16.5	16.2
	Export tax on coffee (as percent of export price, c.i.f.)^3/	0.0	0.0	14.7	12.0	1.3	1.2	…

Sources: Caisse de stabilisation et de soutien des prix des productions agricoles (CAISTAB); and staff estimates.

^{^2/}In March 1999, the producer price of cocoa was lowered from CFAF 575 per kilogram to CFAF 460 per kilogram; the figure shown for 1998 is a weighted average.

^{^3/}The export tax was suspended in 1989 and reintroduced in January 1994.

Table 12.

Côte d’Ivoire: Production and Exports of Lumber, 1992-98^1/

(Volume in thousands of cubic meters)

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Direction des Grands Travaux.

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

^{^2/}Roundwood equivalent.

Table 12.

Côte d’Ivoire: Production and Exports of Lumber, 1992-98^1/

(Volume in thousands of cubic meters)

			1992	1993	1994	1995	1996	1997	1998 Est.
Production^2/			2,132	1,966	2,482	2,363	2,109	2,111	2,132
Local processing^2/			845	814	985	957	939	939	1,932
	Of which
		Sawn wood	611	578	699	679	646	600	613
Exports			721	781	998	921	898	751	591
	Logs		250	320	439	377	404	139	91
	Sawn wood		471	461	559	544	494	612	500

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Direction des Grands Travaux.

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

^{^2/}Roundwood equivalent.

Table 12.

Côte d’Ivoire: Production and Exports of Lumber, 1992-98^1/

(Volume in thousands of cubic meters)

			1992	1993	1994	1995	1996	1997	1998 Est.
Production^2/			2,132	1,966	2,482	2,363	2,109	2,111	2,132
Local processing^2/			845	814	985	957	939	939	1,932
	Of which
		Sawn wood	611	578	699	679	646	600	613
Exports			721	781	998	921	898	751	591
	Logs		250	320	439	377	404	139	91
	Sawn wood		471	461	559	544	494	612	500

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Direction des Grands Travaux.

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

^{^2/}Roundwood equivalent.

Table 13.

Côte d’Ivoire: Production, Imports, and Exports of Fisheries, 1992-98^1/

(Volume in thousands metric tons)

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Ministere du Dèveloppement Rural.

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

Table 13.

Côte d’Ivoire: Production, Imports, and Exports of Fisheries, 1992-98^1/

(Volume in thousands metric tons)

			1992	1993	1994	1995	1996	1997	1998 Est.
Production
	Industrial production		39.7	29.6	28.3	26.2	30.7	23.8	28.0
		Trawler	4.6	4.3	4.2	4.6	4.6	3.9	6.0
		Sardine fishing	34.6	24.7	23.7	21.0	25.6	19.5	21.5
		Shrimping and tuna boating	0.5	0.6	0.4	0.6	0.5	0.4	0.5
	Artisanal production		47.4	40.3	45.6	44.0	42.0	43.3	…
		Coastal	32.0	26.8	30.0	32.7	30.4	31.3	…
		Continental	15 4	13.5	15.6	11.3	11.6	12.0	…
	Aquaculture		0.3	0.4	0.1	0,3	1.1	0.5	…
	Total production		87.4	70.3	74.0	70.5	73.8	67.6	28.0
Imports			192.2	209.5	170.1	227.9	218.9	228.3	264.4
Exports of canned fish			41.4	49.9	43.5	57.1	61.4	49.1	…

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Ministere du Dèveloppement Rural.

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

Table 13.

Côte d’Ivoire: Production, Imports, and Exports of Fisheries, 1992-98^1/

(Volume in thousands metric tons)

			1992	1993	1994	1995	1996	1997	1998 Est.
Production
	Industrial production		39.7	29.6	28.3	26.2	30.7	23.8	28.0
		Trawler	4.6	4.3	4.2	4.6	4.6	3.9	6.0
		Sardine fishing	34.6	24.7	23.7	21.0	25.6	19.5	21.5
		Shrimping and tuna boating	0.5	0.6	0.4	0.6	0.5	0.4	0.5
	Artisanal production		47.4	40.3	45.6	44.0	42.0	43.3	…
		Coastal	32.0	26.8	30.0	32.7	30.4	31.3	…
		Continental	15 4	13.5	15.6	11.3	11.6	12.0	…
	Aquaculture		0.3	0.4	0.1	0,3	1.1	0.5	…
	Total production		87.4	70.3	74.0	70.5	73.8	67.6	28.0
Imports			192.2	209.5	170.1	227.9	218.9	228.3	264.4
Exports of canned fish			41.4	49.9	43.5	57.1	61.4	49.1	…

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Ministere du Dèveloppement Rural.

^{^1/}Exports data provided in this table are not consistent with Statistical Appendix, which is based on customs data.

Table 14.

Côte d’Ivoire: Producer Prices in Agriculture, 1992-98^1/

(In CFA francs per kilogram)

Sources: Ministere de l’Agriculture et des Ressources Animales; andAnnuaire des statistiques agricoles, 1993.

^{^1/}Only the price of cocoa remains an administered price. For the other commodities, the prices shown reflect prices negotiated between producer groups and processors/exporters, or observed market prices.

^{^2/}The prices are quoted for the crop season (October - September) beginning in the year indicated. The 1998 figure for cocoa is as of March 1999.

^{^3/}Retail price.

Table 14.

Côte d’Ivoire: Producer Prices in Agriculture, 1992-98^1/

(In CFA francs per kilogram)

	1992	1993	1994	1995	1996	1997	1998 Est.
Cocoa^2/	200	200	315	320	320	455	460
Coffee^2/	140	170	650	700	500	520	520
Cotton (white)	100	90	150	160	170	180	200
Paddy (first quality)	60	75	75	110	110	121	121
Oil palm fruit	14	20	22	22	22	26	30
Pineapple (industrial use)	35	22	…	…	…	…	…
Tobacco (first quality)	175	175	200	250	250	…	…
Groundnuts	82	82	110	110	110	…	…
Copra (Grade I)	81	81	110	110	…	…	…
Maize	62	62	68	68	80	80	67
Sugar (white cubes)^3/	300	300	350	350	400	500	500

Sources: Ministere de l’Agriculture et des Ressources Animales; andAnnuaire des statistiques agricoles, 1993.

^{^2/}The prices are quoted for the crop season (October - September) beginning in the year indicated. The 1998 figure for cocoa is as of March 1999.

^{^3/}Retail price.

Table 14.

Côte d’Ivoire: Producer Prices in Agriculture, 1992-98^1/

(In CFA francs per kilogram)

	1992	1993	1994	1995	1996	1997	1998 Est.
Cocoa^2/	200	200	315	320	320	455	460
Coffee^2/	140	170	650	700	500	520	520
Cotton (white)	100	90	150	160	170	180	200
Paddy (first quality)	60	75	75	110	110	121	121
Oil palm fruit	14	20	22	22	22	26	30
Pineapple (industrial use)	35	22	…	…	…	…	…
Tobacco (first quality)	175	175	200	250	250	…	…
Groundnuts	82	82	110	110	110	…	…
Copra (Grade I)	81	81	110	110	…	…	…
Maize	62	62	68	68	80	80	67
Sugar (white cubes)^3/	300	300	350	350	400	500	500

Sources: Ministere de l’Agriculture et des Ressources Animales; andAnnuaire des statistiques agricoles, 1993.

^{^2/}The prices are quoted for the crop season (October - September) beginning in the year indicated. The 1998 figure for cocoa is as of March 1999.

^{^3/}Retail price.

Table 15.

Côte d’Ivoire: Indices of Industrial Production by Category, 1992-98

(October 1984-September 1985 - 100)

Sources: Ministere de l’Economie et des Finances; and Institut National de la Statistique.

Table 15.

Côte d’Ivoire: Indices of Industrial Production by Category, 1992-98

(October 1984-September 1985 - 100)

		Weight	1992	1993	1994	1995	1996	1997	1998 Est.
Extraction of petroleum and minerals		14.1	6.5	3.0	2.8	32.8	77.5	71.5	54.0
Grains and flour		3.3	57.5	34.5	32.3	27.5	26.0	31.0	35.0
Preserves and food preparation		5.0	149.5	136.5	140.5	122.3	143.5	158.0	180.0
Drinks and ice		3.7	73.3	68.8	67.3	84.0	96.5	99.8	109.0
Vegetable oils		9.6	137.0	154.3	160.0	151.8	153.5	161.3	170.0
Other foodstuffs and tobacco		7.8	100.3	124.5	88.3	85.5	98.3	109.0	121.0
Textiles and clothing		12.3	88.8	92.5	102.3	125.0	125.5	147.8	205.0
Leather articles and footwear		0.9	17.3	11.3	8.0	8.3	22.8	23.5	15.0
Wood industries		3.6	77.8	74.3	84.0	76.8	69.3	64.8	79.0
Derived petroleum products		9.9	142.8	131.3	144.5	139.0	146.8	156.5	172.0
Chemical products		5.9	90.0	94.5	112.8	111.5	121.5	149.0	166.0
Rubber and derived products		2.3	167.5	131.5	156.3	145.3	165.3	239.8	239.0
Construction material and glass		1.2	113.3	115.3	120.0	134.3	161.5	233.0	247.0
Transport material		0.8	70.0	61.0	66.0	46.3	65.5	61.8	49.0
Mechanical and electrical industries		4.7	72.3	62.5	61.3	79.8	76.8	77.8	92.0
Miscellaneous industries, press, and publishing		2.4	119.0	135.8	135.0	140.8	154.3	163.8	272.0
Electrical energy and water		12.7	106.8	121.5	129.3	155.3	171.0	205.8	209.0
	Overall index	100.0	92.7	94.5	97.8	106.5	119.5	133.8	148.5

Sources: Ministere de l’Economie et des Finances; and Institut National de la Statistique.

Table 15.

Côte d’Ivoire: Indices of Industrial Production by Category, 1992-98

(October 1984-September 1985 - 100)

		Weight	1992	1993	1994	1995	1996	1997	1998 Est.
Extraction of petroleum and minerals		14.1	6.5	3.0	2.8	32.8	77.5	71.5	54.0
Grains and flour		3.3	57.5	34.5	32.3	27.5	26.0	31.0	35.0
Preserves and food preparation		5.0	149.5	136.5	140.5	122.3	143.5	158.0	180.0
Drinks and ice		3.7	73.3	68.8	67.3	84.0	96.5	99.8	109.0
Vegetable oils		9.6	137.0	154.3	160.0	151.8	153.5	161.3	170.0
Other foodstuffs and tobacco		7.8	100.3	124.5	88.3	85.5	98.3	109.0	121.0
Textiles and clothing		12.3	88.8	92.5	102.3	125.0	125.5	147.8	205.0
Leather articles and footwear		0.9	17.3	11.3	8.0	8.3	22.8	23.5	15.0
Wood industries		3.6	77.8	74.3	84.0	76.8	69.3	64.8	79.0
Derived petroleum products		9.9	142.8	131.3	144.5	139.0	146.8	156.5	172.0
Chemical products		5.9	90.0	94.5	112.8	111.5	121.5	149.0	166.0
Rubber and derived products		2.3	167.5	131.5	156.3	145.3	165.3	239.8	239.0
Construction material and glass		1.2	113.3	115.3	120.0	134.3	161.5	233.0	247.0
Transport material		0.8	70.0	61.0	66.0	46.3	65.5	61.8	49.0
Mechanical and electrical industries		4.7	72.3	62.5	61.3	79.8	76.8	77.8	92.0
Miscellaneous industries, press, and publishing		2.4	119.0	135.8	135.0	140.8	154.3	163.8	272.0
Electrical energy and water		12.7	106.8	121.5	129.3	155.3	171.0	205.8	209.0
	Overall index	100.0	92.7	94.5	97.8	106.5	119.5	133.8	148.5

Sources: Ministere de l’Economie et des Finances; and Institut National de la Statistique.

Table 16.

Côte d’Ivoire: Production and Consumption of Electrical Energy, 1992-98

(In gigawatt-hours)

Source: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prevision Economique.

Table 16.

Côte d’Ivoire: Production and Consumption of Electrical Energy, 1992-98

(In gigawatt-hours)

			1992	1993	1994	1995	1996	1997	1998 Est.
Production of electricity			1,847	2,182	2,355	2,489	2,502	2,753	3,957
	Of which
		Hydraulic energy	1,049	1,098	1,175	1,776	1,777	1,868	1,366
		Thermal energy and others	798	1,084	1,180	712	725	885	2,591
Consumption of electricity			1,873	1,862	1,957	2,140	2,309	2,498	2,811
	Of which
		Low tension	782	799	841	915	989	1,099	1,248
		Medium and high tension	1,091	1,063	1,116	1,225	1,320	1,400	1,563

Source: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prevision Economique.

Table 16.

Côte d’Ivoire: Production and Consumption of Electrical Energy, 1992-98

(In gigawatt-hours)

			1992	1993	1994	1995	1996	1997	1998 Est.
Production of electricity			1,847	2,182	2,355	2,489	2,502	2,753	3,957
	Of which
		Hydraulic energy	1,049	1,098	1,175	1,776	1,777	1,868	1,366
		Thermal energy and others	798	1,084	1,180	712	725	885	2,591
Consumption of electricity			1,873	1,862	1,957	2,140	2,309	2,498	2,811
	Of which
		Low tension	782	799	841	915	989	1,099	1,248
		Medium and high tension	1,091	1,063	1,116	1,225	1,320	1,400	1,563

Source: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prevision Economique.

Table 17.

Côte d’Ivoire: Indices of Turnover in Commerce, 1992-98

(Rates of growth in percent)

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Banque Centrale des États de ’Afrique de l’Ouest (BCEAO).

Table 17.

Côte d’Ivoire: Indices of Turnover in Commerce, 1992-98

(Rates of growth in percent)

	1992	1993	1994	1995	1996	1997	1998 Est.
Food		-5.5	3.7	44.2	-14.6	43.4	14.4	31.2
Textiles and leather		3.4	-27.8	44.3	16.4	11.3	-14.6	12.4
Automobiles		53.3	-19.5	43.2	52.9	18.9	-3.0	9.4
Primary materials and equipment		-6.5	-12.4	78.5	33.1	9.2	-18.0	9.7
Services		-8.8	-4.1	25.7	29.0	15.0	-4.3	-11.1
Other		-11.1	-5.3	47.5	19.7	-7.6	-4.1	5.6
	Overall index	0.0	-9.6	49.9	19.4	10.2	-1.5	13.2

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Banque Centrale des États de ’Afrique de l’Ouest (BCEAO).

Table 17.

Côte d’Ivoire: Indices of Turnover in Commerce, 1992-98

(Rates of growth in percent)

	1992	1993	1994	1995	1996	1997	1998 Est.
Food		-5.5	3.7	44.2	-14.6	43.4	14.4	31.2
Textiles and leather		3.4	-27.8	44.3	16.4	11.3	-14.6	12.4
Automobiles		53.3	-19.5	43.2	52.9	18.9	-3.0	9.4
Primary materials and equipment		-6.5	-12.4	78.5	33.1	9.2	-18.0	9.7
Services		-8.8	-4.1	25.7	29.0	15.0	-4.3	-11.1
Other		-11.1	-5.3	47.5	19.7	-7.6	-4.1	5.6
	Overall index	0.0	-9.6	49.9	19.4	10.2	-1.5	13.2

Sources: Ministere de l’Economie et des Finances, Direction de la Conjoncture et de la Prèvision Economique; and Banque Centrale des États de ’Afrique de l’Ouest (BCEAO).

Table 18.

Côte d’Ivoire: Evolution of the Minimum Wage Rates, 1972-98^1/

(In CFA francs)

Source: Banque Centrale des États de ’Afrique de l’Ouest (BCEAO).

^{^1/}The official guaranteed minimum wage remained unchanged between January 1, 1982 and February 1,1994, and it has not been changed since. Actual wages substantially exceed the minimum rate.

^{^2/}Wage rates have not changes since February 1, 1994.

^{^3/}Minimum guaranteed interprofessional wage rate for professions in industrial firms with the 40-hour workweek.

^{^4/}On the basis of an eight-hour workday.

Table 18.

Côte d’Ivoire: Evolution of the Minimum Wage Rates, 1972-98^1/

(In CFA francs)

				Rates Applicable After:
	1972	1973	1974	1976	1978	1979	1982	1994^2/	1995	1996	1997	1998
	Jan. 1	Jan. 1	Feb. 1	Aug. 1	Jan. 1	Jan. 1	Jan. 1	Feb. 1
Minimum guaranteed wage^3/
Hourly	58.3	73.3	92.0	115.0	143.8	158.1	191.4	212.0	212.0	212.0	212.0	212.0
Daily^4/	466.4	586.4	736.0	920.0	1,150.0	1,265.0	1,531.2	1,696.0	1,696.0	1,696.0	1,696.0	1,696.0

Source: Banque Centrale des États de ’Afrique de l’Ouest (BCEAO).

^{^1/}The official guaranteed minimum wage remained unchanged between January 1, 1982 and February 1,1994, and it has not been changed since. Actual wages substantially exceed the minimum rate.

^{^2/}Wage rates have not changes since February 1, 1994.

^{^3/}Minimum guaranteed interprofessional wage rate for professions in industrial firms with the 40-hour workweek.

^{^4/}On the basis of an eight-hour workday.

Table 18.

Côte d’Ivoire: Evolution of the Minimum Wage Rates, 1972-98^1/

(In CFA francs)

				Rates Applicable After:
	1972	1973	1974	1976	1978	1979	1982	1994^2/	1995	1996	1997	1998
	Jan. 1	Jan. 1	Feb. 1	Aug. 1	Jan. 1	Jan. 1	Jan. 1	Feb. 1
Minimum guaranteed wage^3/
Hourly	58.3	73.3	92.0	115.0	143.8	158.1	191.4	212.0	212.0	212.0	212.0	212.0
Daily^4/	466.4	586.4	736.0	920.0	1,150.0	1,265.0	1,531.2	1,696.0	1,696.0	1,696.0	1,696.0	1,696.0

Source: Banque Centrale des États de ’Afrique de l’Ouest (BCEAO).

^{^1/}The official guaranteed minimum wage remained unchanged between January 1, 1982 and February 1,1994, and it has not been changed since. Actual wages substantially exceed the minimum rate.

^{^2/}Wage rates have not changes since February 1, 1994.

^{^3/}Minimum guaranteed interprofessional wage rate for professions in industrial firms with the 40-hour workweek.

^{^4/}On the basis of an eight-hour workday.

Table 19.

Côte d’Ivoire: Central Government Financial Operations, 1992-98

(In billions of CFA francs, unless otherwise indicated)

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Revenue and grants minus primary expenditure (i.e., excluding all interest).

^{^2/}Excluding late interest due to the commercial banks from 1993 onward.

^{^3/}After the debt cancellations granted by France and Switzerland in early 1994.

^{^4/}Difference between the coverage of the net credit to the government as defined in the monetary survey and that applicable to central government financial operations,

^{^5/}Excluding foreign-financed investment expenditures.

^{^6/}Equivalent, with the opposite sign, to the net transfer of resources from abroad (excluding project aid).

Table 19.

Côte d’Ivoire: Central Government Financial Operations, 1992-98

(In billions of CFA francs, unless otherwise indicated)

			1992	1993	1994	1995	1996	1997	1998
Revenue and grants			609.5	533.0	876.6	1,138.3	1,272.4	1,372.1	1,439.1
	Revenue		594.5	518.0	846.9	1,103.3	1,231.9	1,328.0	1,388.5
		(as percent of GDP)	20.1	17.6	19.9	22.1	22.5	22.2	21.4
		Tax revenue	499.9	435.3	678.5	897.4	1,040.7	1,112.9	1,142.0
		Price Equalization Fund (CGPPGC) surplus	20.5	11.2	2.3	0.0	0.0	0.0	0.0
		Price Stabilization Fund (CSSPPA) surplus	19.2	18.1	112.7	135.9	70.1	84.0	131.6
		Social security contributions	37.8	37.6	42.6	52.2	74.3	83.1	79.2
		Other nontax revenue	17.1	15.8	10.8	17.8	46.9	48.1	35.7
	Grants (for projects only)		15.0	15.0	29.7	35.0	40.5	44.1	50.5
Expenditures			942.3	883.9	1,152.0	1,322.6	1,385.1	1,497.4	1,557.4
Primary expenditure			634.6	628.0	817.8	979.4	1,062.9	1,194.2	1,271.1
		(as percent of GDP)	21.5	21.3	19,2	19.6	19.4	20.0	19.6
	Wages and salaries		334,3	314.6	328.0	346.3	389.6	408.1	415.2
	Social security benefits		36.4	39.8	51.3	65.2	68.8	73.6	76.5
	Subsidies and other current transfers			26.2	42.3	51.7	40.6	54.9	55.9
	Other current expenditure		174.4	156.6	201.2	236.1	260.0	285.3	267.6
		*Of which* : special accounts	27.4	30.0	30.0	44.6	48.0	40.0	25.0
	Price Equalization Fund (CGPPGC) deficit		0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Price Stabilization Fund (CSSPPA) deficit		0.0	0.0	0,0	0.0	0.0	0.0	0.0
	Investment expenditure		89.5	90.8	195.0	280.1	304.0	372.3	455.9
		*Of which*: financed by project loans	42.9	46.4	97.5	121.5	139.0	130.7	151.1
		Primary balance, including grants (payment order)^1/	-25.1	-95.1	58.8	158.8	209.5	177.9	167.9
		(as percent of GDP)	-0.9	-3.2	1.4	3.2	3.8	3.0	2.6
Interest due on public debt			307.7	255.9	334.2	343.2	322.2	303.2	286.3
		(as percent of GDP)	10.4	8.7	7.9	6.9	5.9	5.1	4.4
	Domestic debt		34.8	47.4	44.6	41,5	35.7	38.6	34.6
	External debt^2/^3/		272.9	208.5	289.6	301.7	286.5	264.6	251.7
	Overall balance, including grants (payment order)		-332.8	-351.0	-275.4	-184.4	-112.7	-125.3	-118.4
		(as percent of GDP)	-11.3	-11.9	-6.5	-3.7	-2.1	-2.1	-1.8
	Overall balance, excluding grants (payment order)		-347.8	-366.0	-305.1	-219.4	-153.2	-169.3	-168.9
		(as percent of GDP)	-11.8	-12.4	-7.2	-4.4	-2.8	-2.8	-2.6
Domestic financing			43.2	129.8	-207.2	5.8	-66.6	66.8	59.4
	Bank financing		-46.0	74.6	-77.7	63.3	-26.3	4.2	48.9
		*Of which*: IMF counterparts (net)	-24.3	-14.1	55.5	45.4	48.2	-11.6	100.6
	Nonbank financing		161.7	70.5	-56.4	-48.5	-34.6	-63.9	-35.5
	Transfers from public enterprises		31.2	7.8	36.1	33.1	29.9	29.6	29.2
	Privatization proceeds and sale of assets		3.2	4.0	9.3	37.0	55.1	145.6	34.1
	Change in arrears (net)		-106.9	-27.1	-118.5	-79.1	-90.7	-48.7	-17.3
External financing			289.6	221.1	468.0	208.9	165.2	61.7	47.4
	Cash and deposits		0.0	0.0	-1.3	0.0	-2.2	-10.6	10.1
	Drawings on loans		176.9	174.9	560.5	364.3	283.4	164.8	320.6
	Amortization due^3/		-230.4	-222.9	-326.3	-385.9	-307.5	-275.4	-352.4
	Change in arrears (net)^2/^3/		246.5	269.1	-352.6	7.1	2.1	120.9	-120.9
	Debt rescheduling		96.6	0.0	587.7	223.4	189.4	62.0	334.4
Coverage adjustment^4/			0.0	0.0	0.0	-23.9	0.0	-3.2	6.9
Errors and omissions			0.0	0.0	-14.6	6.4	-14.1	0.0	-4.6
Memorandum items:
	Primary balance (narrow definition)^5/		2.8	-63.7	126.6	245.3	308.0	264.5	268.6
		(as percent of GDP)	0.1	-2.2	3.0	4.9	5.6	4.4	4.1
	Overall domestic balance (narrow definition)^5/^6/		35.5	32.9	-166.1	133.9	155.4	297.7	194.8
		(as percent of GDP)	1.2	1.1	-3.9	2.7	2.8	5.0	3.0

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Revenue and grants minus primary expenditure (i.e., excluding all interest).

^{^2/}Excluding late interest due to the commercial banks from 1993 onward.

^{^3/}After the debt cancellations granted by France and Switzerland in early 1994.

^{^4/}Difference between the coverage of the net credit to the government as defined in the monetary survey and that applicable to central government financial operations,

^{^5/}Excluding foreign-financed investment expenditures.

^{^6/}Equivalent, with the opposite sign, to the net transfer of resources from abroad (excluding project aid).

Table 19.

Côte d’Ivoire: Central Government Financial Operations, 1992-98

(In billions of CFA francs, unless otherwise indicated)

			1992	1993	1994	1995	1996	1997	1998
Revenue and grants			609.5	533.0	876.6	1,138.3	1,272.4	1,372.1	1,439.1
	Revenue		594.5	518.0	846.9	1,103.3	1,231.9	1,328.0	1,388.5
		(as percent of GDP)	20.1	17.6	19.9	22.1	22.5	22.2	21.4
		Tax revenue	499.9	435.3	678.5	897.4	1,040.7	1,112.9	1,142.0
		Price Equalization Fund (CGPPGC) surplus	20.5	11.2	2.3	0.0	0.0	0.0	0.0
		Price Stabilization Fund (CSSPPA) surplus	19.2	18.1	112.7	135.9	70.1	84.0	131.6
		Social security contributions	37.8	37.6	42.6	52.2	74.3	83.1	79.2
		Other nontax revenue	17.1	15.8	10.8	17.8	46.9	48.1	35.7
	Grants (for projects only)		15.0	15.0	29.7	35.0	40.5	44.1	50.5
Expenditures			942.3	883.9	1,152.0	1,322.6	1,385.1	1,497.4	1,557.4
Primary expenditure			634.6	628.0	817.8	979.4	1,062.9	1,194.2	1,271.1
		(as percent of GDP)	21.5	21.3	19,2	19.6	19.4	20.0	19.6
	Wages and salaries		334,3	314.6	328.0	346.3	389.6	408.1	415.2
	Social security benefits		36.4	39.8	51.3	65.2	68.8	73.6	76.5
	Subsidies and other current transfers			26.2	42.3	51.7	40.6	54.9	55.9
	Other current expenditure		174.4	156.6	201.2	236.1	260.0	285.3	267.6
		*Of which* : special accounts	27.4	30.0	30.0	44.6	48.0	40.0	25.0
	Price Equalization Fund (CGPPGC) deficit		0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Price Stabilization Fund (CSSPPA) deficit		0.0	0.0	0,0	0.0	0.0	0.0	0.0
	Investment expenditure		89.5	90.8	195.0	280.1	304.0	372.3	455.9
		*Of which*: financed by project loans	42.9	46.4	97.5	121.5	139.0	130.7	151.1
		Primary balance, including grants (payment order)^1/	-25.1	-95.1	58.8	158.8	209.5	177.9	167.9
		(as percent of GDP)	-0.9	-3.2	1.4	3.2	3.8	3.0	2.6
Interest due on public debt			307.7	255.9	334.2	343.2	322.2	303.2	286.3
		(as percent of GDP)	10.4	8.7	7.9	6.9	5.9	5.1	4.4
	Domestic debt		34.8	47.4	44.6	41,5	35.7	38.6	34.6
	External debt^2/^3/		272.9	208.5	289.6	301.7	286.5	264.6	251.7
	Overall balance, including grants (payment order)		-332.8	-351.0	-275.4	-184.4	-112.7	-125.3	-118.4
		(as percent of GDP)	-11.3	-11.9	-6.5	-3.7	-2.1	-2.1	-1.8
	Overall balance, excluding grants (payment order)		-347.8	-366.0	-305.1	-219.4	-153.2	-169.3	-168.9
		(as percent of GDP)	-11.8	-12.4	-7.2	-4.4	-2.8	-2.8	-2.6
Domestic financing			43.2	129.8	-207.2	5.8	-66.6	66.8	59.4
	Bank financing		-46.0	74.6	-77.7	63.3	-26.3	4.2	48.9
		*Of which*: IMF counterparts (net)	-24.3	-14.1	55.5	45.4	48.2	-11.6	100.6
	Nonbank financing		161.7	70.5	-56.4	-48.5	-34.6	-63.9	-35.5
	Transfers from public enterprises		31.2	7.8	36.1	33.1	29.9	29.6	29.2
	Privatization proceeds and sale of assets		3.2	4.0	9.3	37.0	55.1	145.6	34.1
	Change in arrears (net)		-106.9	-27.1	-118.5	-79.1	-90.7	-48.7	-17.3
External financing			289.6	221.1	468.0	208.9	165.2	61.7	47.4
	Cash and deposits		0.0	0.0	-1.3	0.0	-2.2	-10.6	10.1
	Drawings on loans		176.9	174.9	560.5	364.3	283.4	164.8	320.6
	Amortization due^3/		-230.4	-222.9	-326.3	-385.9	-307.5	-275.4	-352.4
	Change in arrears (net)^2/^3/		246.5	269.1	-352.6	7.1	2.1	120.9	-120.9
	Debt rescheduling		96.6	0.0	587.7	223.4	189.4	62.0	334.4
Coverage adjustment^4/			0.0	0.0	0.0	-23.9	0.0	-3.2	6.9
Errors and omissions			0.0	0.0	-14.6	6.4	-14.1	0.0	-4.6
Memorandum items:
	Primary balance (narrow definition)^5/		2.8	-63.7	126.6	245.3	308.0	264.5	268.6
		(as percent of GDP)	0.1	-2.2	3.0	4.9	5.6	4.4	4.1
	Overall domestic balance (narrow definition)^5/^6/		35.5	32.9	-166.1	133.9	155.4	297.7	194.8
		(as percent of GDP)	1.2	1.1	-3.9	2.7	2.8	5.0	3.0

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Revenue and grants minus primary expenditure (i.e., excluding all interest).

^{^2/}Excluding late interest due to the commercial banks from 1993 onward.

^{^3/}After the debt cancellations granted by France and Switzerland in early 1994.

^{^4/}Difference between the coverage of the net credit to the government as defined in the monetary survey and that applicable to central government financial operations,

^{^5/}Excluding foreign-financed investment expenditures.

^{^6/}Equivalent, with the opposite sign, to the net transfer of resources from abroad (excluding project aid).

Table 20.

Côte d’Ivoire: Central Government Revenue, 1992-98

(In billions of CFA francs)

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Including the government’s contribution to pensions from 1995 onward.

Table 20.

Côte d’Ivoire: Central Government Revenue, 1992-98

(In billions of CFA francs)

				1992	1993	1994	1995	1996	1997	1998
Total revenue				594.5	518.0	846.9	1,103.3	1231.9	1,328.0	1,388.5
Tax revenue				499.9	435.3	678.6	897.4	1040,7	1,112.9	1,142.0
		Direct taxes		120.7	100.6	126.4	202.1	252.2	303.5	327.7
			Taxes on profits	29.8	19.4	33.9	91.2	126.5	147.2	166.2
			Individual income taxes	56.4	49.7	58.0	68.8	77.0	97.8	104.8
			Employers’ contributions^1/	18.3	13.6	16.3	17.0	19.4	22.4	26.0
			Real estate taxes	6.9	8.2	7.1	11.7	13.8	15.2	13.3
			Taxes on dividend income	9.3	9.7	U.l	13.4	15.4	20.9	17.5
		Indirect taxes (excluding petroleum products)		131.5	116.6	131.0	167.3	200.1	227.3	240.0
			Value-added tax (VAT) and withholding tax (ASDI)	79.6	74.5	82.8	107.5	136.8	145.6	146.8
			Turnover tax on services	15.2	9.2	11.5	15.6	15.8	20.1	20.2
			Excise taxes on alcool and tobacco	10.4	10.5	9.7	12.0	10.0	14.2	16.7
			Taxes on water	2.2	3.5	3.0	1.0	0.0	0.0	0.0
			Registration and stamp taxes	14.8	13.1	15.9	20.6	24.7	30.6	33.5
			Business and professional licenses	5.7	3.7	5.1	6.8	9.1	9.5	14.8
			Other indirect taxes	3.7	2.2	3.0	3.6	3.6	7.3	8.0
		Taxes on petroleum products		97.1	81.9	90.8	98.9	100,1	96.9	96.2
			Excise taxes	65.0	57.1	63.2	59.2	62.4	61.2	62.8
			VAT	30.7	23.3	23.5	26.1	28.8	30.5	28.3
			Customs duties	1.4	1.5	4.2	4.6	5.0	2.9	5.0
			Price differential (ADSP - CAA)	0.0	0.0	0.0	9.0	4.0	2.3	0.1
		Taxes on imports (excluding petroleum products)		144.9	130.4	189.8	251.7	282.5	311.9	320.2
			Customs, fiscal, and statistical duties	75.5	62.5	84.0	116.9	128.6	153.0	162.2
			Other import charges	10.3	11.2	19.0	21.6	23.4	20.6	83.3
			VAT	59.1	56.7	86.8	113.3	130.5	138.4	170.9
		Taxes on exports		5.6	5.7	140.5	177.4	205.7	173.2	158.0
			Coffee and cocoa	0.0	0.0	126.2	162.7	196.4	165.9	150.2
			Wood and cola	5.6	5.7	14.3	14.6	9.4	7.3	7.8
Nontax revenue				94.6	82.7	168.4	205.9	191.2	215.1	246.5
		Price Equalization Fund surplus		20.5	11.2	2.3	0.0	0.0	0.0	0.0
		Stabilization Fund surplus		19.2	18.1	112.7	135.9	70.1	84.0	131.6
		Social scurity contributions		17.1	15.8	10.8	17.8	46.9	48.1	35.7
		Other nontax revenue		0.0	0.0	0.0	4.9	27.8	29.1	17.3
		*Of which*: petroleum
Memorandum items:
	Domestic taxes on goods & services
		(including VAT on imports)		286.3	253.7	304.5	365.9	421.7	457.4	474.7
	Import duties (excluding VAT on imports)			87.2	75.3	107.2	143.1	157.0	176.5	181.3
	Tax revenue, excluding export taxes			494.3	429.5	538.1	720.0	834.9	939.6	983.9
	Levies on cocoa and coffee sector			3.2	18.5	238.9	290.3	266.5	249.9	281.8
	GDP			2952.1	2946.2	4256.0	4987.7	5,473.6	5984.4	6,492.6
						(In percent of GDP)
Total revenue, excluding levies on cocoa and coffee				19.5	17.0	14.3	16.1	17.6	18.0	17.0
Levies on cocoa and coffee				0.7	0.6	5.6	6.0	4.9	4.2	4.3
Total revenue				20,1	17.6	19.9	22.1	22.5	22.2	21.4

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Including the government’s contribution to pensions from 1995 onward.

Table 20.

Côte d’Ivoire: Central Government Revenue, 1992-98

(In billions of CFA francs)

				1992	1993	1994	1995	1996	1997	1998
Total revenue				594.5	518.0	846.9	1,103.3	1231.9	1,328.0	1,388.5
Tax revenue				499.9	435.3	678.6	897.4	1040,7	1,112.9	1,142.0
		Direct taxes		120.7	100.6	126.4	202.1	252.2	303.5	327.7
			Taxes on profits	29.8	19.4	33.9	91.2	126.5	147.2	166.2
			Individual income taxes	56.4	49.7	58.0	68.8	77.0	97.8	104.8
			Employers’ contributions^1/	18.3	13.6	16.3	17.0	19.4	22.4	26.0
			Real estate taxes	6.9	8.2	7.1	11.7	13.8	15.2	13.3
			Taxes on dividend income	9.3	9.7	U.l	13.4	15.4	20.9	17.5
		Indirect taxes (excluding petroleum products)		131.5	116.6	131.0	167.3	200.1	227.3	240.0
			Value-added tax (VAT) and withholding tax (ASDI)	79.6	74.5	82.8	107.5	136.8	145.6	146.8
			Turnover tax on services	15.2	9.2	11.5	15.6	15.8	20.1	20.2
			Excise taxes on alcool and tobacco	10.4	10.5	9.7	12.0	10.0	14.2	16.7
			Taxes on water	2.2	3.5	3.0	1.0	0.0	0.0	0.0
			Registration and stamp taxes	14.8	13.1	15.9	20.6	24.7	30.6	33.5
			Business and professional licenses	5.7	3.7	5.1	6.8	9.1	9.5	14.8
			Other indirect taxes	3.7	2.2	3.0	3.6	3.6	7.3	8.0
		Taxes on petroleum products		97.1	81.9	90.8	98.9	100,1	96.9	96.2
			Excise taxes	65.0	57.1	63.2	59.2	62.4	61.2	62.8
			VAT	30.7	23.3	23.5	26.1	28.8	30.5	28.3
			Customs duties	1.4	1.5	4.2	4.6	5.0	2.9	5.0
			Price differential (ADSP - CAA)	0.0	0.0	0.0	9.0	4.0	2.3	0.1
		Taxes on imports (excluding petroleum products)		144.9	130.4	189.8	251.7	282.5	311.9	320.2
			Customs, fiscal, and statistical duties	75.5	62.5	84.0	116.9	128.6	153.0	162.2
			Other import charges	10.3	11.2	19.0	21.6	23.4	20.6	83.3
			VAT	59.1	56.7	86.8	113.3	130.5	138.4	170.9
		Taxes on exports		5.6	5.7	140.5	177.4	205.7	173.2	158.0
			Coffee and cocoa	0.0	0.0	126.2	162.7	196.4	165.9	150.2
			Wood and cola	5.6	5.7	14.3	14.6	9.4	7.3	7.8
Nontax revenue				94.6	82.7	168.4	205.9	191.2	215.1	246.5
		Price Equalization Fund surplus		20.5	11.2	2.3	0.0	0.0	0.0	0.0
		Stabilization Fund surplus		19.2	18.1	112.7	135.9	70.1	84.0	131.6
		Social scurity contributions		17.1	15.8	10.8	17.8	46.9	48.1	35.7
		Other nontax revenue		0.0	0.0	0.0	4.9	27.8	29.1	17.3
		*Of which*: petroleum
Memorandum items:
	Domestic taxes on goods & services
		(including VAT on imports)		286.3	253.7	304.5	365.9	421.7	457.4	474.7
	Import duties (excluding VAT on imports)			87.2	75.3	107.2	143.1	157.0	176.5	181.3
	Tax revenue, excluding export taxes			494.3	429.5	538.1	720.0	834.9	939.6	983.9
	Levies on cocoa and coffee sector			3.2	18.5	238.9	290.3	266.5	249.9	281.8
	GDP			2952.1	2946.2	4256.0	4987.7	5,473.6	5984.4	6,492.6
						(In percent of GDP)
Total revenue, excluding levies on cocoa and coffee				19.5	17.0	14.3	16.1	17.6	18.0	17.0
Levies on cocoa and coffee				0.7	0.6	5.6	6.0	4.9	4.2	4.3
Total revenue				20,1	17.6	19.9	22.1	22.5	22.2	21.4

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Including the government’s contribution to pensions from 1995 onward.

Table 21.

Côte d’Ivoire: Public Investment Program, 1995-2000

(In billions of CFA francs)

Source: Ministere du Plan et de Dèveloppement.

Table 21.

Côte d’Ivoire: Public Investment Program, 1995-2000

(In billions of CFA francs)

		1995	1996	1997	1998	1999	2000
Economic development		90.1	112.7	103.3	99.2	96.6	88.3
	Agriculture	76.3	93.0	70.6	74.9	73.4	70.1
	Industry and mining	3.8	5.9	18.9	14.5	16.5	13.6
	Tertiary sector	10.0	13.8	13.7	9.8	6.7	4.7
Support for economic development		71.6	66.6	71.1	100.1	110.6	126.7
	Transportation	40.9	45.3	49.2	79.5	85.5	96.0
	Mail and telephone services	0.6	0.0	0.0	0.0	4.0	6.2
	Energy	30.1	21.4	21.9	20.6	21.1	24.5
Social development		75.6	135.6	119.3	129.8	143.6	182.1
	Urban planning and housing	42.2	67.5	54.7	70.2	67.4	84.5
	Social intervention	3.4	3.5	3.5	2.8	6.2	12.3
	Health	22.0	44.0	43.5	39.1	48.2	49.0
	Others	8.0	20.6	17.7	17.7	21.8	36.3
Cultural development		42.0	40.6	49.1	52.5	73.1	92.1
	Arts and culture	10.7	il.3	13.9	11.7	12.7	14.5
	Education	31.3	29.2	35.2	40.8	60.4	77.6
Support activities		33.3	46.2	69.1	75.4	76.8	86.0
	General administration	19.5	32.0	52.1	58.5	59.0	68.0
	Defense	5.2	6.2	9.1	7.9	7.8	7.2
	Domestic security	6.7	5.8	5.6	5.4	6.0	6.6
	Others	1.9	2.1	2.4	3.6	4.0	4.2
Total		312.6	401.7	411.9	457.0	500.7	575.2

Source: Ministere du Plan et de Dèveloppement.

Table 21.

Côte d’Ivoire: Public Investment Program, 1995-2000

(In billions of CFA francs)

		1995	1996	1997	1998	1999	2000
Economic development		90.1	112.7	103.3	99.2	96.6	88.3
	Agriculture	76.3	93.0	70.6	74.9	73.4	70.1
	Industry and mining	3.8	5.9	18.9	14.5	16.5	13.6
	Tertiary sector	10.0	13.8	13.7	9.8	6.7	4.7
Support for economic development		71.6	66.6	71.1	100.1	110.6	126.7
	Transportation	40.9	45.3	49.2	79.5	85.5	96.0
	Mail and telephone services	0.6	0.0	0.0	0.0	4.0	6.2
	Energy	30.1	21.4	21.9	20.6	21.1	24.5
Social development		75.6	135.6	119.3	129.8	143.6	182.1
	Urban planning and housing	42.2	67.5	54.7	70.2	67.4	84.5
	Social intervention	3.4	3.5	3.5	2.8	6.2	12.3
	Health	22.0	44.0	43.5	39.1	48.2	49.0
	Others	8.0	20.6	17.7	17.7	21.8	36.3
Cultural development		42.0	40.6	49.1	52.5	73.1	92.1
	Arts and culture	10.7	il.3	13.9	11.7	12.7	14.5
	Education	31.3	29.2	35.2	40.8	60.4	77.6
Support activities		33.3	46.2	69.1	75.4	76.8	86.0
	General administration	19.5	32.0	52.1	58.5	59.0	68.0
	Defense	5.2	6.2	9.1	7.9	7.8	7.2
	Domestic security	6.7	5.8	5.6	5.4	6.0	6.6
	Others	1.9	2.1	2.4	3.6	4.0	4.2
Total		312.6	401.7	411.9	457.0	500.7	575.2

Source: Ministere du Plan et de Dèveloppement.

Table 22.

Côte d’Ivoire: Education Expenditure, 1991-97^1/

(In billions of CFA francs)

Sources: Ivoirien authorities; and World Bank estimates.

^{^1/}Including expenditure directly financed by external assistance.

^{^2/}Based on fiscal data as shown in Statistical Appendix Table 20.

Table 22.

Côte d’Ivoire: Education Expenditure, 1991-97^1/

(In billions of CFA francs)

			1991	1992	1993	1994	1995	1996	1997
Primary			97.8	99.0	101.4	108.9	112.0	112.5	131.4
	Wage bill		91.0	93.6	93.4	95.5	94.4	92.3	102.2
	Operating expenditures		3.5	2.1	4.4	5.4	6.9	8.6	12.1
	Transfers and subsidies		2.7	3.1	3.1	4.3	4.7	4.9	4.8
	Investments		0.6	0.2	0.5	3.7	6.0	6.8	12.2
General secondary			65.8	60.4	60.3	65.6	68.0	80.8	99.8
	Wage bill		51.9	45.3	44.0	43.6	43.2	52.7	61,4
	Operating expenditures		5.3	1.7	1.7	2.6	3.3	5.9	9.1
	Transfers and subsidies		8.1	13.1	14.0	14.9	15.4	16.7	18.8
	Investments		0.4	0.3	0.6	4.5	6.1	5.5	10.4
Technical secondary			13.3	11.0	10.7	9.7	12.5	12.6	19.5
	Wagebill		10.1	8.2	7.1	6.3	6.0	6.3	8.9
	Operating expenditures		2.0	0.9	1.0	1.7	1.2	1.3	2.8
	Transfers and subsidies		0.4	1.5	2.1	1.3	2.8	2.6	2.9
	Investments		0.8	0.4	0.5	0.4	2.5	2.4	4.9
University			21.2	19.8	21.3	25.2	30.9	32.4	35.5
	Wage bill		8.3	8.0	7.8	8.2	8.7	12.0	12.6
	Operating expenditures		1.1	1.2	1.9	3.5	6.1	6.7	7.4
	Transfers and subsidies		10.7	10.1	9.8	9.1	7.6	8.7	8.8
	Investments		1.2	0.5	1.9	4.4	8.5	5.0	6.7
Technical higher level			8.7	9.9	9.6	11.6	12.9	14.4	16.3
	Wage bill		4.1	5.7	4.5	4.2	4.5	4.2	4.7
	Operating expenditures		3.1	1.9	3.2	3.6	4.0	3.5	3.7
	Transfers and subsidies		1.5	2.2	1.9	3.3	3.9	5.8	6.9
	Investments		0.0	0.1	0.0	0.5	0.5	0.8	1.0
Total			206.8	200.1	203.3	221.0	236.3	252.7	302.4
	Current expenditure		203.8	198.7	199.8	207.5	212.7	232.2	267.2
	Wage bill (including TA)		165.4	160.8	156.8	157.8	156.8	167.5	189.9
		Operating expenditure	15.0	7.8	12.2	16.8	21.5	26.0	35.1
		Transfers and subsisidies	23.5	30.0	30.9	32.9	34.4	38.7	42.2
	Investments		3.0	1.5	3.5	13.5	23.6	20.5	35.2
Memorandum items:
		Share of the budget devoted to education (in percent)^2/
		In government primary current expenditure	36.2	36.4	37.2	33.3	30.4	30.6	32.5
		In government investment expenditure	3.4	1.7	3.8	6.9	8.4	6.7	9.5
		In government primary expenditure	31.8	31.5	32.4	27.0	24.1	23.8	25.3

Sources: Ivoirien authorities; and World Bank estimates.

^{^1/}Including expenditure directly financed by external assistance.

^{^2/}Based on fiscal data as shown in Statistical Appendix Table 20.

Table 22.

Côte d’Ivoire: Education Expenditure, 1991-97^1/

(In billions of CFA francs)

			1991	1992	1993	1994	1995	1996	1997
Primary			97.8	99.0	101.4	108.9	112.0	112.5	131.4
	Wage bill		91.0	93.6	93.4	95.5	94.4	92.3	102.2
	Operating expenditures		3.5	2.1	4.4	5.4	6.9	8.6	12.1
	Transfers and subsidies		2.7	3.1	3.1	4.3	4.7	4.9	4.8
	Investments		0.6	0.2	0.5	3.7	6.0	6.8	12.2
General secondary			65.8	60.4	60.3	65.6	68.0	80.8	99.8
	Wage bill		51.9	45.3	44.0	43.6	43.2	52.7	61,4
	Operating expenditures		5.3	1.7	1.7	2.6	3.3	5.9	9.1
	Transfers and subsidies		8.1	13.1	14.0	14.9	15.4	16.7	18.8
	Investments		0.4	0.3	0.6	4.5	6.1	5.5	10.4
Technical secondary			13.3	11.0	10.7	9.7	12.5	12.6	19.5
	Wagebill		10.1	8.2	7.1	6.3	6.0	6.3	8.9
	Operating expenditures		2.0	0.9	1.0	1.7	1.2	1.3	2.8
	Transfers and subsidies		0.4	1.5	2.1	1.3	2.8	2.6	2.9
	Investments		0.8	0.4	0.5	0.4	2.5	2.4	4.9
University			21.2	19.8	21.3	25.2	30.9	32.4	35.5
	Wage bill		8.3	8.0	7.8	8.2	8.7	12.0	12.6
	Operating expenditures		1.1	1.2	1.9	3.5	6.1	6.7	7.4
	Transfers and subsidies		10.7	10.1	9.8	9.1	7.6	8.7	8.8
	Investments		1.2	0.5	1.9	4.4	8.5	5.0	6.7
Technical higher level			8.7	9.9	9.6	11.6	12.9	14.4	16.3
	Wage bill		4.1	5.7	4.5	4.2	4.5	4.2	4.7
	Operating expenditures		3.1	1.9	3.2	3.6	4.0	3.5	3.7
	Transfers and subsidies		1.5	2.2	1.9	3.3	3.9	5.8	6.9
	Investments		0.0	0.1	0.0	0.5	0.5	0.8	1.0
Total			206.8	200.1	203.3	221.0	236.3	252.7	302.4
	Current expenditure		203.8	198.7	199.8	207.5	212.7	232.2	267.2
	Wage bill (including TA)		165.4	160.8	156.8	157.8	156.8	167.5	189.9
		Operating expenditure	15.0	7.8	12.2	16.8	21.5	26.0	35.1
		Transfers and subsisidies	23.5	30.0	30.9	32.9	34.4	38.7	42.2
	Investments		3.0	1.5	3.5	13.5	23.6	20.5	35.2
Memorandum items:
		Share of the budget devoted to education (in percent)^2/
		In government primary current expenditure	36.2	36.4	37.2	33.3	30.4	30.6	32.5
		In government investment expenditure	3.4	1.7	3.8	6.9	8.4	6.7	9.5
		In government primary expenditure	31.8	31.5	32.4	27.0	24.1	23.8	25.3

Sources: Ivoirien authorities; and World Bank estimates.

^{^1/}Including expenditure directly financed by external assistance.

^{^2/}Based on fiscal data as shown in Statistical Appendix Table 20.

Table 23.

Côte d’Ivoire: Health Expenditure, 1991-97^1/

(In billions of CFA francs)

Sources: Ivoirien authorities; and World Bank estimates.

^{^1/}Including expenditure directly financed by external assistance.

^{^2/}Based on fiscal data as shown in Statistical AppendixTable 19.

Table 23.

Côte d’Ivoire: Health Expenditure, 1991-97^1/

(In billions of CFA francs)

		1991	1992	1993	1994	1995	1996	1997
Primary		15.7	14.8	13.2	18.0	17.5	21.0	22.4
	Wage bill	13.0	11.0	10.2	11.1	11.1	12.0	11.5
	Operating expenditure	2.2	1.9	2.0	3.3	4.5	5.6	6.3
	Investment	0.5	1.9	1.0	3.6	1.9	3.4	4.6
Secondary		7.1	9.9	8.1	9.6	9.2	9.4	13.2
	Wage bill	5.4	5.1	4.8	5.0	5.0	5.5	7.4
	Operating expenditure	1.1	1.9	1.7	2.3	2.5	2.5	3.5
	Investment	0.6	2.9	1.6	2.3	1.7	1.4	2.3
Tertiary		20.6	15.4	12.8	16.1	21.5	22.5	25.9
	Wage bill	11.4	8.6	7.1	8.5	8.9	9.0	12.4
	Operating expenditure	8.2	4.4	4.4	4.8	5.6	5.7	7.3
	Investment	1.0	2.4	1.3	2.8	7.0	7.8	6.2
General administration			13.1	11.4	18.2	14.5	12.6	8.2
	Wage bill		7.1	6.4	7.3	8.5	8.3	3.6
	Operating expenditure		2.3	2.0	3.0	3.0	1.8	2.6
	Investment	3.7	3.0	7.9	3.0	2.5	2.0
Total		43.4	53.2	45.5	61.9	62.7	65.5	69.7
Current expenditure		41.3	42.3	38.6	45.3	49.1	50.4	54.6
	Wage bill	29.8	31.8	28.5	31.9	33.5	34.8	34.9
	Operating expenditure	11.5	10.5	10.1	13.4	15.6	15.6	19.7
Investment		2.1	10.9	6.9	16.6	13.6	15.1	15.1
Memorandum items:
	Share of the budget devoted to health (in percent)^2/
	In government primary current expenditure	7.3	7.8	7.2	7.3	7.0	6.6	6.6
	In government investment expenditure	2.4	12.2	7.6	8.5	4.9	5.0	4.1
	In government primary expenditure	6.7	8.4	7.2	7.6	6.4	6.2	5.8

Sources: Ivoirien authorities; and World Bank estimates.

^{^1/}Including expenditure directly financed by external assistance.

^{^2/}Based on fiscal data as shown in Statistical AppendixTable 19.

Table 23.

Côte d’Ivoire: Health Expenditure, 1991-97^1/

(In billions of CFA francs)

		1991	1992	1993	1994	1995	1996	1997
Primary		15.7	14.8	13.2	18.0	17.5	21.0	22.4
	Wage bill	13.0	11.0	10.2	11.1	11.1	12.0	11.5
	Operating expenditure	2.2	1.9	2.0	3.3	4.5	5.6	6.3
	Investment	0.5	1.9	1.0	3.6	1.9	3.4	4.6
Secondary		7.1	9.9	8.1	9.6	9.2	9.4	13.2
	Wage bill	5.4	5.1	4.8	5.0	5.0	5.5	7.4
	Operating expenditure	1.1	1.9	1.7	2.3	2.5	2.5	3.5
	Investment	0.6	2.9	1.6	2.3	1.7	1.4	2.3
Tertiary		20.6	15.4	12.8	16.1	21.5	22.5	25.9
	Wage bill	11.4	8.6	7.1	8.5	8.9	9.0	12.4
	Operating expenditure	8.2	4.4	4.4	4.8	5.6	5.7	7.3
	Investment	1.0	2.4	1.3	2.8	7.0	7.8	6.2
General administration			13.1	11.4	18.2	14.5	12.6	8.2
	Wage bill		7.1	6.4	7.3	8.5	8.3	3.6
	Operating expenditure		2.3	2.0	3.0	3.0	1.8	2.6
	Investment	3.7	3.0	7.9	3.0	2.5	2.0
Total		43.4	53.2	45.5	61.9	62.7	65.5	69.7
Current expenditure		41.3	42.3	38.6	45.3	49.1	50.4	54.6
	Wage bill	29.8	31.8	28.5	31.9	33.5	34.8	34.9
	Operating expenditure	11.5	10.5	10.1	13.4	15.6	15.6	19.7
Investment		2.1	10.9	6.9	16.6	13.6	15.1	15.1
Memorandum items:
	Share of the budget devoted to health (in percent)^2/
	In government primary current expenditure	7.3	7.8	7.2	7.3	7.0	6.6	6.6
	In government investment expenditure	2.4	12.2	7.6	8.5	4.9	5.0	4.1
	In government primary expenditure	6.7	8.4	7.2	7.6	6.4	6.2	5.8

Sources: Ivoirien authorities; and World Bank estimates.

^{^1/}Including expenditure directly financed by external assistance.

^{^2/}Based on fiscal data as shown in Statistical AppendixTable 19.

Table 24.

Côte d’Ivoire: Financial Operations of the Agricultural Price Stabilization Fund (CSSPPA), 1992-98

(In billions of CFA francs, unless otherwise indicated)

Source; Caisse de Stabilisation et de Soutien des Prix des Productions Agricoles (CSSPPA).

^{^1/}Stabilization result is before deduction of certain intermediate costs and, from 1994, the export tax.

^{^2/}Including bean equivalent of locally processed cocoa and coffee exports.

Table 24.

Côte d’Ivoire: Financial Operations of the Agricultural Price Stabilization Fund (CSSPPA), 1992-98

(In billions of CFA francs, unless otherwise indicated)

				1992	1993	1994	1995	1996	1997	1998 Est.
						(In billions of CFA francs)
Revenue				21.8	23.5	271.4	671.2	288.3	314.4	308.7
	Result of stabilization operations^1/			19.5	22.4	270.4	669.2	283.9	310.5	305.1
		Cocoa		33.2	18.5	230.5	517.9	296.6	295.7	268.6
		Coffee		-13.7	3.9	39.9	151.3	-12.7	14.8	36.5
		Cotton		0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Other		0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Other revenue			2.3	1.1	1.0	2.0	4.4	3.9	3.6
Expenditure				14.6	15.8	28.5	43.6	19.4	26.9	31.5
	Administrative expenditure			14.6	15.8	26.6	40.4	19.1	25.5	29.7
	Capital expenditure			0.0	0.0	1.9	3.2	0.3	1.4	1.8
		Balance		7.2	7.7	242.9	627.6.	268.9	287.5	277.2
Memorandum items:
	Stock of arrears (end of period)			22.2	12.8	3.1	1.6	1.6	0.0	0.0
			Domestic	22.2	12.8	3.1	1.6	1,6	0.0	0,0
			External	0.0	0.0	0.0	0.0	0.0	0.0	0.0
						(In percent of GDP)
	Result of stabilization operations^1/			0.7	0.8	6.4	13.4	5.2	5.2	4.7
		Cocoa		1.1	0.6	5.4	10.4	5.4	4.9	4.1
		Coffee		-0.5	0.1	0.9	3.0	-0.2	0.2	0.6
		Cotton		0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Other		0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Balance		0.2	0.3	5.7	12.6	4.9	4.8	4.3
	Volume of exports^2/					(In thousands of metric tons)
		Cocoa		783.0	893.0	789.0	875.3	1,222.2	1,095.3	1,015.9
		Coffee		255.0	140.0	144.0	160.8	166.2	267.6,	252.2

Source; Caisse de Stabilisation et de Soutien des Prix des Productions Agricoles (CSSPPA).

^{^1/}Stabilization result is before deduction of certain intermediate costs and, from 1994, the export tax.

^{^2/}Including bean equivalent of locally processed cocoa and coffee exports.

Table 24.

Côte d’Ivoire: Financial Operations of the Agricultural Price Stabilization Fund (CSSPPA), 1992-98

(In billions of CFA francs, unless otherwise indicated)

				1992	1993	1994	1995	1996	1997	1998 Est.
						(In billions of CFA francs)
Revenue				21.8	23.5	271.4	671.2	288.3	314.4	308.7
	Result of stabilization operations^1/			19.5	22.4	270.4	669.2	283.9	310.5	305.1
		Cocoa		33.2	18.5	230.5	517.9	296.6	295.7	268.6
		Coffee		-13.7	3.9	39.9	151.3	-12.7	14.8	36.5
		Cotton		0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Other		0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Other revenue			2.3	1.1	1.0	2.0	4.4	3.9	3.6
Expenditure				14.6	15.8	28.5	43.6	19.4	26.9	31.5
	Administrative expenditure			14.6	15.8	26.6	40.4	19.1	25.5	29.7
	Capital expenditure			0.0	0.0	1.9	3.2	0.3	1.4	1.8
		Balance		7.2	7.7	242.9	627.6.	268.9	287.5	277.2
Memorandum items:
	Stock of arrears (end of period)			22.2	12.8	3.1	1.6	1.6	0.0	0.0
			Domestic	22.2	12.8	3.1	1.6	1,6	0.0	0,0
			External	0.0	0.0	0.0	0.0	0.0	0.0	0.0
						(In percent of GDP)
	Result of stabilization operations^1/			0.7	0.8	6.4	13.4	5.2	5.2	4.7
		Cocoa		1.1	0.6	5.4	10.4	5.4	4.9	4.1
		Coffee		-0.5	0.1	0.9	3.0	-0.2	0.2	0.6
		Cotton		0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Other		0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Balance		0.2	0.3	5.7	12.6	4.9	4.8	4.3
	Volume of exports^2/					(In thousands of metric tons)
		Cocoa		783.0	893.0	789.0	875.3	1,222.2	1,095.3	1,015.9
		Coffee		255.0	140.0	144.0	160.8	166.2	267.6,	252.2

Source; Caisse de Stabilisation et de Soutien des Prix des Productions Agricoles (CSSPPA).

^{^1/}Stabilization result is before deduction of certain intermediate costs and, from 1994, the export tax.

^{^2/}Including bean equivalent of locally processed cocoa and coffee exports.

Table 25.

Côte d’Ivoire: Financial Operations of the Social Security Funds, 1992-98

(In billions of CFA francs)

Sources: Caisse Nationale de Prèvoyance Sociale (CNPS); Caisse Gènèrate de Retraite des Agents de l’Etat(CGRAE); Ministere de l’Economie et des Finances; and staff estimates.

^{^1/}National social security fund.

^{^2/}Pension fund for government employees.

Table 25.

Côte d’Ivoire: Financial Operations of the Social Security Funds, 1992-98

(In billions of CFA francs)

			1992	1993	1994	1995	1996	1997	1998
Revenue			40.6	39.9	46.0	55.9	78.5	87.5	81.5
	CNPS^1/		25.0	21.8	28.2	32.2	38.7	41.5	39.9
	CGRAE^2/		15.6	18.1	17.8	23.7	39.8	46.0	41.6
	Contributions		37.8	37.6	42.7	52.2	74.3	83.1	79.2
		CNPS	22.5	19.7	25.0	28.9	34.5	37.4	37.6
		CGRAE	15.3	17.9	17.7	23.3	39.8	45.6	41.6
	Other receipts		2.8	2.3	3.3	3.7	4.2	4.5	2.3
		CNPS	2.5	2.1	3.2	3.3	4.2	4.1	2.3
		CGRAE	0.3	0.2	0.1	0.4	0.0	0.4	0.0
Expenditure			45.1	47.7	60.9	74.3	82.2	85.5	94.9
	CNPS		24.2	22.3	27.8	29.3	32.9	35.7	41.2
	CGRAE		20.9	25.4	33.1	45.0	49,3	49.8	53.7
	Payment of benefits		36.4	39.8	51.3	65.2	68.8	73.6	76.4
		CNPS	15.9	14.6	18.6	20.5	24.0	24.6	26.5
		CGRAE	20.5	25.2	32.7	44.7	44.8	49.0	49.9
	Other current expenditure		8.5	7.8	9.3	8.5	9.1	10.6	13.6
		CNPS	8.2	7.6	9.0	8.2	8.8	10.1	11.6
		CGRAE	0.3	0.2	0.3	0.3	0.3	0.5	2.0
	Capital expenditure		0.2	0.1	0.3	0.6	4.3	1.3	4.9
		CNPS	0.1	0.1	0.2	0.6	0.1	1.0	3.1
		CGRAE	0.1	0.0	0.1	0.0	4.2	0.3	1.8
Operating balance			-4.5	-7.7	-14.9	-18.4	-3.7	2.0	-13.4
	CNPS		0.8	-0.5	0.4	2.9	5.8	5.8	-1.3
	CGRAE		-5.3	-7.3	-15.3	-21.3	-9.5	-3.8	-12.1
Net lending, CNPS			0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase (+) in bank deposits, CNPS			-0.4	-0.6	5.2	1.0	-1.8	-1.9	-5.1

Sources: Caisse Nationale de Prèvoyance Sociale (CNPS); Caisse Gènèrate de Retraite des Agents de l’Etat(CGRAE); Ministere de l’Economie et des Finances; and staff estimates.

^{^1/}National social security fund.

^{^2/}Pension fund for government employees.

Table 25.

Côte d’Ivoire: Financial Operations of the Social Security Funds, 1992-98

(In billions of CFA francs)

			1992	1993	1994	1995	1996	1997	1998
Revenue			40.6	39.9	46.0	55.9	78.5	87.5	81.5
	CNPS^1/		25.0	21.8	28.2	32.2	38.7	41.5	39.9
	CGRAE^2/		15.6	18.1	17.8	23.7	39.8	46.0	41.6
	Contributions		37.8	37.6	42.7	52.2	74.3	83.1	79.2
		CNPS	22.5	19.7	25.0	28.9	34.5	37.4	37.6
		CGRAE	15.3	17.9	17.7	23.3	39.8	45.6	41.6
	Other receipts		2.8	2.3	3.3	3.7	4.2	4.5	2.3
		CNPS	2.5	2.1	3.2	3.3	4.2	4.1	2.3
		CGRAE	0.3	0.2	0.1	0.4	0.0	0.4	0.0
Expenditure			45.1	47.7	60.9	74.3	82.2	85.5	94.9
	CNPS		24.2	22.3	27.8	29.3	32.9	35.7	41.2
	CGRAE		20.9	25.4	33.1	45.0	49,3	49.8	53.7
	Payment of benefits		36.4	39.8	51.3	65.2	68.8	73.6	76.4
		CNPS	15.9	14.6	18.6	20.5	24.0	24.6	26.5
		CGRAE	20.5	25.2	32.7	44.7	44.8	49.0	49.9
	Other current expenditure		8.5	7.8	9.3	8.5	9.1	10.6	13.6
		CNPS	8.2	7.6	9.0	8.2	8.8	10.1	11.6
		CGRAE	0.3	0.2	0.3	0.3	0.3	0.5	2.0
	Capital expenditure		0.2	0.1	0.3	0.6	4.3	1.3	4.9
		CNPS	0.1	0.1	0.2	0.6	0.1	1.0	3.1
		CGRAE	0.1	0.0	0.1	0.0	4.2	0.3	1.8
Operating balance			-4.5	-7.7	-14.9	-18.4	-3.7	2.0	-13.4
	CNPS		0.8	-0.5	0.4	2.9	5.8	5.8	-1.3
	CGRAE		-5.3	-7.3	-15.3	-21.3	-9.5	-3.8	-12.1
Net lending, CNPS			0.0	0.0	0.0	0.0	0.0	0.0	0.0
Increase (+) in bank deposits, CNPS			-0.4	-0.6	5.2	1.0	-1.8	-1.9	-5.1

Sources: Caisse Nationale de Prèvoyance Sociale (CNPS); Caisse Gènèrate de Retraite des Agents de l’Etat(CGRAE); Ministere de l’Economie et des Finances; and staff estimates.

^{^1/}National social security fund.

^{^2/}Pension fund for government employees.

Table 26.

Côte d’Ivoire: Domestic Debt of the Central Government, 1992-98

(In billions of CFA francs at end of year)

Sources: Caisse autonome dl’amortissement (CAA); Ministere de l’Economie et des Finances; Ministere du Plan et de Dèveloppement; and Caisse de stabilisation des prix des productions agricoles (CSSPPA).

^{^1/}Including floating debt.

^{^2/}Including debt of autonomous public entities.

Table 26.

Côte d’Ivoire: Domestic Debt of the Central Government, 1992-98

(In billions of CFA francs at end of year)

				1992		1993		1994		1995		1996		1997		1998
				Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stack	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/
Total domestic debt				994.6	238.3	1,263.0	378.3	1.517.3	253.3	1.427.5	173.5	1335.1	115.2	1,268.8	65.2	1.231.4	49.0
	By creditor group
		BCEAO		352.3	0.0	400.0	0.0	352.8	0.0	306.9	0.0	306.7	0.0	323.5	0.0	329.9	0.0
			Statutory advances	166.2	0.0	213.9	0,0	171.5	0.0	141.5	0.0	149.2	0.0	181.8	0.0	204.0	0.0
			Consolidated debt	186.1	0.0	186.1	0.0	181.3	0.0	165.4	0.0	157.5	0.0	141.7	0.0	125.9	0.0
		Commercial banks		250.7	69.2	248.2	11.7	291.6	0.0	374.2	0.1	358.1	0.7	376.0	0.0	382.9	0.0
			Debt of the CAA	219.7	46.2	221.9	3.4	254.6	0.0	274.9	0.1	230.1	0.7	217.8	0.0	183.5	0.0
			Debt of the CSSPPA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
			Debt of the treasury for
			bank recapitalization	31.0	23.0	26.3	8.3	37.0	0.0	99.3	0.0	128.1	0.0	158.2	0.0	199.4	0.0
		Nonbank sector		391.6	169.1	614.8	366.6	873.0	253.3	746.4	173.4	670.3	114.6	569.3	65.2	518.6	49.0
			CAA bonds	85.1	32.8	75.3	20.7	87.1	1.2	84.2	0.9	96.0	0.5	90.2	0.0	87.4	0.0
			Other debt of the CAA	15.6	13.9	22.0	19.6	221.2	0.0	218.9	0.0	219.0	0.0	226.3	0.0	244.0	0.0
			Debt of the CSSPPA	181.2	12.6	171.8	3.2	159.1	2.4	139.7	1.6	120.9	1.6	76.9	1.6	27.5	1.6
			Debt of the treasury^2/	109.8	109.8	345.7	323.1	405.6	249.7	303.6	170.9	234.4	112.5	175.9	63.6	159.7	47.4
By debtor agency
		CAA		506.5	92.9	505.4	43.8	744.1	1.2	743.4	1.0	702.6	1.1	676.0	0.0	640.9	0.0
			Debt to BCEAO	186.1	0.0	186.1	0.0	181.3	0.0	165.4	0.0	157.5	0.0	141.7	0.0	125.9	0.0
			Other debt	320.4	92.9	319.3	43.S	562.9	1.2	578.0	1.0	545.0	1.1	534.3	0.0	515.0	0.0
		Treasury		307.0	132.8	585.9	331.4	614.1	249.7	544.4	170.9	511.7	112.5	515.9	63.6	563.0	47.4
			Debt to BCEAO	166.2	0.0	213.9	0.0	171.5	0.0	141.5	0.0	149.2	0.0	181.8	0.0	204.0	0.0
			Debt to banks	31.0	23.0	26.3	8.3	37.0	0.0	99.3	0.0	128.1	0.0	158.2	0.0	199.4	0.0
			Debt to nonbanks	109.8	109.8	345.7	323.1	405.6	249.7	303.6	170.9	234,4	112.5	175.9	63.6	159.7	47.4
		CSSPPA		181.2	12.6	171.8	3.2	159.1	2.4	139.7	1.6	120.9	1.6	76.9	1.6	27.5	1.6
			Debt to banks	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
			Debt to nonbanks	181.2	12.6	171.8	3.2	159.1	2.4	139.7	1.6	120.9	1.6	76.9	1.6	27.5	1.6

^{^1/}Including floating debt.

^{^2/}Including debt of autonomous public entities.

Table 26.

Côte d’Ivoire: Domestic Debt of the Central Government, 1992-98

(In billions of CFA francs at end of year)

				1992		1993		1994		1995		1996		1997		1998
				Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stack	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/	Total debt stock	Of which: Arrears^1/
Total domestic debt				994.6	238.3	1,263.0	378.3	1.517.3	253.3	1.427.5	173.5	1335.1	115.2	1,268.8	65.2	1.231.4	49.0
	By creditor group
		BCEAO		352.3	0.0	400.0	0.0	352.8	0.0	306.9	0.0	306.7	0.0	323.5	0.0	329.9	0.0
			Statutory advances	166.2	0.0	213.9	0,0	171.5	0.0	141.5	0.0	149.2	0.0	181.8	0.0	204.0	0.0
			Consolidated debt	186.1	0.0	186.1	0.0	181.3	0.0	165.4	0.0	157.5	0.0	141.7	0.0	125.9	0.0
		Commercial banks		250.7	69.2	248.2	11.7	291.6	0.0	374.2	0.1	358.1	0.7	376.0	0.0	382.9	0.0
			Debt of the CAA	219.7	46.2	221.9	3.4	254.6	0.0	274.9	0.1	230.1	0.7	217.8	0.0	183.5	0.0
			Debt of the CSSPPA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
			Debt of the treasury for
			bank recapitalization	31.0	23.0	26.3	8.3	37.0	0.0	99.3	0.0	128.1	0.0	158.2	0.0	199.4	0.0
		Nonbank sector		391.6	169.1	614.8	366.6	873.0	253.3	746.4	173.4	670.3	114.6	569.3	65.2	518.6	49.0
			CAA bonds	85.1	32.8	75.3	20.7	87.1	1.2	84.2	0.9	96.0	0.5	90.2	0.0	87.4	0.0
			Other debt of the CAA	15.6	13.9	22.0	19.6	221.2	0.0	218.9	0.0	219.0	0.0	226.3	0.0	244.0	0.0
			Debt of the CSSPPA	181.2	12.6	171.8	3.2	159.1	2.4	139.7	1.6	120.9	1.6	76.9	1.6	27.5	1.6
			Debt of the treasury^2/	109.8	109.8	345.7	323.1	405.6	249.7	303.6	170.9	234.4	112.5	175.9	63.6	159.7	47.4
By debtor agency
		CAA		506.5	92.9	505.4	43.8	744.1	1.2	743.4	1.0	702.6	1.1	676.0	0.0	640.9	0.0
			Debt to BCEAO	186.1	0.0	186.1	0.0	181.3	0.0	165.4	0.0	157.5	0.0	141.7	0.0	125.9	0.0
			Other debt	320.4	92.9	319.3	43.S	562.9	1.2	578.0	1.0	545.0	1.1	534.3	0.0	515.0	0.0
		Treasury		307.0	132.8	585.9	331.4	614.1	249.7	544.4	170.9	511.7	112.5	515.9	63.6	563.0	47.4
			Debt to BCEAO	166.2	0.0	213.9	0.0	171.5	0.0	141.5	0.0	149.2	0.0	181.8	0.0	204.0	0.0
			Debt to banks	31.0	23.0	26.3	8.3	37.0	0.0	99.3	0.0	128.1	0.0	158.2	0.0	199.4	0.0
			Debt to nonbanks	109.8	109.8	345.7	323.1	405.6	249.7	303.6	170.9	234,4	112.5	175.9	63.6	159.7	47.4
		CSSPPA		181.2	12.6	171.8	3.2	159.1	2.4	139.7	1.6	120.9	1.6	76.9	1.6	27.5	1.6
			Debt to banks	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
			Debt to nonbanks	181.2	12.6	171.8	3.2	159.1	2.4	139.7	1.6	120.9	1.6	76.9	1.6	27.5	1.6

^{^1/}Including floating debt.

^{^2/}Including debt of autonomous public entities.

Table 27.

Côte d’Ivoire: Privatizations, 1992-98

Source: Comite de Privatisation.

^{^1/}Hotel Ivoire is now under a 15-year management contract to a private operator.

Table 27.

Côte d’Ivoire: Privatizations, 1992-98

Company	Branch	Nominal Capital	State Share	Date of
		(In CFA francs)	(In percent)	Privatization
BINEA	Publishing	…	100.0	Apr. 1992
Recreation Center of
Assinie and Assouindte	Tourism	…	100.0	Apr. 1992
COSMIVOIRE	Oils and soaps	702,000,000	13.2	Apr. 1993
NOVAL1M-NESTLE	Food processing	2,600,000,000	7.8	Apr. 1993
CAPRAL-NESTLE	Food processing	3,600,000,000	15.7	May 1993
FILTISAC	Spinning and weaving	2,115,000,000	34.4	Jan. 1994
SAPH	Agriculture (hevea)	13,884,373,000	55.3	Jun. 1994
SICOR	Agriculture (cocoa)	500,000,000	51.0	Aug. 1994
SICF	Railways	3,000,000,000	100.0	Aug. 1994
SICABLE	Cables	555,000,000	35.0	Oct 1994
Complexe Sucrier de
Marabadiassa	Agriculture (sugar)	…	100.0	Nov. 1994
ELF OIL-CI	Petroleum	510,000,000	50.0	Jan. 1995
SOGB	Natural rubber	21,601,840,000	94.8	Feb. 1995
CAISINEMATIALI	Agro-industry	…	100.0	Feb. 1995
CAIANGUEDEDOU	Agro-industry	…	100.0	Feb. 1995
SIFIDA	Finance	…	…	Feb. 1995
SMB	Asphalt	1,300,000,000	92.0	May 1995
SILO DE SAN PEDRO	Flour mill	…	100.0	May 1995
DOMAJNE HEVEICOLE
DE L’ETAT-BETTIE	Natural nibber	…	100.0	May 1995
SHELL-CI	Petroleum	1,800,000,000	50.0	Jun. 1995
SIFAL	Lubricants	140,000,000	30.0	Jun. 1995
COFTNCI	Finance	…	…	Jun. 1995
R1ZER1ES D’ETAT	Rice processing	…	100.0	Sep. 1995
Peche et Froid CI (PFCI)	Fishery	250,000,000	18.0	Nov. 1995
CHOCODI	Chocolate	450,000,000	14.0	Jan. 1996
SACO	Chocolate	1,732,000,000	35.0	Jan. 1996
SIVOM	Handling operations in ports	2,000,000,000	49.0	Feb. 1996
DOMAINE HEVEICOLE
DE L’ETAT-CAVALLY	Natural rubber	…	100.0	Apr. 1996
SIPRA	Poultry products	750,000,000	30.0	Apr. 1996
SIFERCOM	Metallic construction	112,000,000	19.6	Jun. 1996
SAFICA	Notebook manufacturing	160,000,000	18.0	Jun. 1996
SAFBAIL	Leasing	420,000,000	24.4	Sep. 1996
SIDELAF	Road signals	396,000,000	45.3	Sep. 1996
PALM1NDUSTRIE	Agriculture (palm oil)	34,000,059,000	100.0	Dec. 1996
CI-TELECOM	Telecommunications	4,000,000,000	98.0	Feb. 1997
Assets of
PALMINDUSTRIE	Agriculture (palm oil)	…	100.0	Mar. 1997
SIEM	Metallic packaging	1,889,220,000	10.4	Mar. 1997
Hôtel Ivoire^1/	Tourism	8,250,860,000	100.0	May 1997
TRITURAF	Cottonseed oil	1,300,000,000	5.0	Jun. 1997
SODESUCRE	Sugar production	30,500,000,000	100.0	Jul. 1997
HOTELS EX-SIETHO	Tourism	…	100.0	Sep. 1997
PHCI	Agriculture (palm oil)	250,000,000	17.0	Oct. 1997
PETRO-IVOIRE	Petroleum	530,000,000	35.0	Oct. 1997
SBB/BRACODI	Brewery	800,600,000	11.1	Nov. 1997
SAGA-CI	Goods transportation	…	0.1	Mar. 1998
SIFROID	Cold storage	620,000	49.0	May 1998
CIDT	Cotton processing	7,200,000,000	70.0	Jun. 1998
SOCEF	Cooling products	900,000,000	44.4	Jun. 1998
SHAD	Cocoa/coffee marketing	…	5.1	Sep. 1998
SISA	Shipping	…	75.0	Oct. 1998
SIVOA	Oxygen and acetylene	874,000,000	21.0	Dec. 1998

Source: Comite de Privatisation.

^{^1/}Hotel Ivoire is now under a 15-year management contract to a private operator.

Table 27.

Côte d’Ivoire: Privatizations, 1992-98

Company	Branch	Nominal Capital	State Share	Date of
		(In CFA francs)	(In percent)	Privatization
BINEA	Publishing	…	100.0	Apr. 1992
Recreation Center of
Assinie and Assouindte	Tourism	…	100.0	Apr. 1992
COSMIVOIRE	Oils and soaps	702,000,000	13.2	Apr. 1993
NOVAL1M-NESTLE	Food processing	2,600,000,000	7.8	Apr. 1993
CAPRAL-NESTLE	Food processing	3,600,000,000	15.7	May 1993
FILTISAC	Spinning and weaving	2,115,000,000	34.4	Jan. 1994
SAPH	Agriculture (hevea)	13,884,373,000	55.3	Jun. 1994
SICOR	Agriculture (cocoa)	500,000,000	51.0	Aug. 1994
SICF	Railways	3,000,000,000	100.0	Aug. 1994
SICABLE	Cables	555,000,000	35.0	Oct 1994
Complexe Sucrier de
Marabadiassa	Agriculture (sugar)	…	100.0	Nov. 1994
ELF OIL-CI	Petroleum	510,000,000	50.0	Jan. 1995
SOGB	Natural rubber	21,601,840,000	94.8	Feb. 1995
CAISINEMATIALI	Agro-industry	…	100.0	Feb. 1995
CAIANGUEDEDOU	Agro-industry	…	100.0	Feb. 1995
SIFIDA	Finance	…	…	Feb. 1995
SMB	Asphalt	1,300,000,000	92.0	May 1995
SILO DE SAN PEDRO	Flour mill	…	100.0	May 1995
DOMAJNE HEVEICOLE
DE L’ETAT-BETTIE	Natural nibber	…	100.0	May 1995
SHELL-CI	Petroleum	1,800,000,000	50.0	Jun. 1995
SIFAL	Lubricants	140,000,000	30.0	Jun. 1995
COFTNCI	Finance	…	…	Jun. 1995
R1ZER1ES D’ETAT	Rice processing	…	100.0	Sep. 1995
Peche et Froid CI (PFCI)	Fishery	250,000,000	18.0	Nov. 1995
CHOCODI	Chocolate	450,000,000	14.0	Jan. 1996
SACO	Chocolate	1,732,000,000	35.0	Jan. 1996
SIVOM	Handling operations in ports	2,000,000,000	49.0	Feb. 1996
DOMAINE HEVEICOLE
DE L’ETAT-CAVALLY	Natural rubber	…	100.0	Apr. 1996
SIPRA	Poultry products	750,000,000	30.0	Apr. 1996
SIFERCOM	Metallic construction	112,000,000	19.6	Jun. 1996
SAFICA	Notebook manufacturing	160,000,000	18.0	Jun. 1996
SAFBAIL	Leasing	420,000,000	24.4	Sep. 1996
SIDELAF	Road signals	396,000,000	45.3	Sep. 1996
PALM1NDUSTRIE	Agriculture (palm oil)	34,000,059,000	100.0	Dec. 1996
CI-TELECOM	Telecommunications	4,000,000,000	98.0	Feb. 1997
Assets of
PALMINDUSTRIE	Agriculture (palm oil)	…	100.0	Mar. 1997
SIEM	Metallic packaging	1,889,220,000	10.4	Mar. 1997
Hôtel Ivoire^1/	Tourism	8,250,860,000	100.0	May 1997
TRITURAF	Cottonseed oil	1,300,000,000	5.0	Jun. 1997
SODESUCRE	Sugar production	30,500,000,000	100.0	Jul. 1997
HOTELS EX-SIETHO	Tourism	…	100.0	Sep. 1997
PHCI	Agriculture (palm oil)	250,000,000	17.0	Oct. 1997
PETRO-IVOIRE	Petroleum	530,000,000	35.0	Oct. 1997
SBB/BRACODI	Brewery	800,600,000	11.1	Nov. 1997
SAGA-CI	Goods transportation	…	0.1	Mar. 1998
SIFROID	Cold storage	620,000	49.0	May 1998
CIDT	Cotton processing	7,200,000,000	70.0	Jun. 1998
SOCEF	Cooling products	900,000,000	44.4	Jun. 1998
SHAD	Cocoa/coffee marketing	…	5.1	Sep. 1998
SISA	Shipping	…	75.0	Oct. 1998
SIVOA	Oxygen and acetylene	874,000,000	21.0	Dec. 1998

Source: Comite de Privatisation.

^{^1/}Hotel Ivoire is now under a 15-year management contract to a private operator.

Table 28.

Côte d’Ivoire: Central Government and National Public Agencies: Average Number of Staff and Wages, 1993-98^1/

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Excluding the military.

Table 28.

Côte d’Ivoire: Central Government and National Public Agencies: Average Number of Staff and Wages, 1993-98^1/

				1993	1994	1995	1996	1997	1998
						(In thousands)
Average number of staff				123.9	120.7	118.7	116.2	117.4	110.1
	(variation in percent)			…	-2.6	-1.7	-2.1	1.0	-6.2
	Central government			108.3	105.2	103.2	102.6	103.4	99.6
		Civil servants		97.3	94.1	92.2	91.5	91.9	93.5
			Teachers	45.0	45.5	45.9	45.9	53.3	54.3
			Others	52.2	48.6	46.3	45.6	38.6	39.2
		Non-civil servants		11.1	11.1	11.0	11.1	11.5	6.1
	National public agencies			15.6	15.6	15.5	13.6	14.0	10.5
		Civil servants and temporary staff		11.6	11.6	11.6	9.7	9.3	8.2
		Non-civil servants		3.9	3.9	3.9	3.9	4.7	2.3
Memorandum items:
	Participants in voluntary departure program			…	0.5	0.7	0.7	0.3	0.3
	Scholarship recipients			86.4	84.8	83.7	83.7	…	…
					(In millions of CFA francs)
Average wages				2.1	2.3	2.4	2.4	2.4	2.7
	(variation in percent)			…	7.4	3.7	0.0	1.5	10.5
	Central government			2.1	2.3	2.3	2.3	2.4	2.6
		Civil servant wages, including indemnities		2.2	2.4	2.5	2.5	2,6	2.7
		Civil servant wages, excluding indemnities		1.7	1.8	1.9	2.0	2.1	2.0
			Teachers	2.3	2.4	2.5	2.5	2.3	2.3
			Others	1.1	1.2	1.3	1.4	1.5	1.6
		Non-civil servants		0.8	0.8	0.9	0.8	0.8	0.8
	National public agencies			2.3	2.4	2.4	2.4	2.3	3.3
		Civil servants and temporary staff		2.8	2.9	3.0	3.0	…	…
		Others		0.8	0.8	0.9	1.0	…	…

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Excluding the military.

Table 28.

Côte d’Ivoire: Central Government and National Public Agencies: Average Number of Staff and Wages, 1993-98^1/

				1993	1994	1995	1996	1997	1998
						(In thousands)
Average number of staff				123.9	120.7	118.7	116.2	117.4	110.1
	(variation in percent)			…	-2.6	-1.7	-2.1	1.0	-6.2
	Central government			108.3	105.2	103.2	102.6	103.4	99.6
		Civil servants		97.3	94.1	92.2	91.5	91.9	93.5
			Teachers	45.0	45.5	45.9	45.9	53.3	54.3
			Others	52.2	48.6	46.3	45.6	38.6	39.2
		Non-civil servants		11.1	11.1	11.0	11.1	11.5	6.1
	National public agencies			15.6	15.6	15.5	13.6	14.0	10.5
		Civil servants and temporary staff		11.6	11.6	11.6	9.7	9.3	8.2
		Non-civil servants		3.9	3.9	3.9	3.9	4.7	2.3
Memorandum items:
	Participants in voluntary departure program			…	0.5	0.7	0.7	0.3	0.3
	Scholarship recipients			86.4	84.8	83.7	83.7	…	…
					(In millions of CFA francs)
Average wages				2.1	2.3	2.4	2.4	2.4	2.7
	(variation in percent)			…	7.4	3.7	0.0	1.5	10.5
	Central government			2.1	2.3	2.3	2.3	2.4	2.6
		Civil servant wages, including indemnities		2.2	2.4	2.5	2.5	2,6	2.7
		Civil servant wages, excluding indemnities		1.7	1.8	1.9	2.0	2.1	2.0
			Teachers	2.3	2.4	2.5	2.5	2.3	2.3
			Others	1.1	1.2	1.3	1.4	1.5	1.6
		Non-civil servants		0.8	0.8	0.9	0.8	0.8	0.8
	National public agencies			2.3	2.4	2.4	2.4	2.3	3.3
		Civil servants and temporary staff		2.8	2.9	3.0	3.0	…	…
		Others		0.8	0.8	0.9	1.0	…	…

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Excluding the military.

Table 29.

Côte d’Ivoire: Monetary Survey, 1992-98

(In billions of CFA francs; end of period)

Source: Banque Centrale des États de I’Afrique de I’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

Table 29.

Côte d’Ivoire: Monetary Survey, 1992-98

(In billions of CFA francs; end of period)

				1992	1993^1/	1994	1995	1996	1997	1998
										March	June	Sep.	Dec. Est.
	Net foreign assets			-554	-549	-136	-6	24	54	198	93	-2	42
	Net domestic assets			1,318	1,328	1,281	1,347	1,356	1,495	1,426	1,428	1,427	1,604
		Net credit to the government		338	593	529	508	484	490	515	548	537	534
			Of which : customs duty bills	-17	-18	-27	-19	-23	-22	-15	-14	-12	-18
			postal checking deposits	2	2	2	2	2	4	4	3	3	3
		Credit to the economy		901	758	836	1,002	1,024	1,175	1,110	1,062	1,044	1,219
			Crop credit	82	80	173	236	185	248	201	133	78	171
			Ordinary credit	819	678	663	766	840	927	909	929	966	1048
		Other items, net		79	-23	-83	-163	-152	-170	-199	-182	-154	-149
	Broad money			764	779	1,146	1,341	1,381	1,549	1,624	1,521	1,425	1,646
			Of which: currency in circulation	205	272	392	451	473	572	580	513	450	667
Memorandum items:
	Base money/broad money			0.3	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.5
	Velocity of circulation			3.3	3.5	4.1	3.9	4.1	4.0	…	…	…	4.1

Source: Banque Centrale des États de I’Afrique de I’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

Table 29.

Côte d’Ivoire: Monetary Survey, 1992-98

(In billions of CFA francs; end of period)

				1992	1993^1/	1994	1995	1996	1997	1998
										March	June	Sep.	Dec. Est.
	Net foreign assets			-554	-549	-136	-6	24	54	198	93	-2	42
	Net domestic assets			1,318	1,328	1,281	1,347	1,356	1,495	1,426	1,428	1,427	1,604
		Net credit to the government		338	593	529	508	484	490	515	548	537	534
			Of which : customs duty bills	-17	-18	-27	-19	-23	-22	-15	-14	-12	-18
			postal checking deposits	2	2	2	2	2	4	4	3	3	3
		Credit to the economy		901	758	836	1,002	1,024	1,175	1,110	1,062	1,044	1,219
			Crop credit	82	80	173	236	185	248	201	133	78	171
			Ordinary credit	819	678	663	766	840	927	909	929	966	1048
		Other items, net		79	-23	-83	-163	-152	-170	-199	-182	-154	-149
	Broad money			764	779	1,146	1,341	1,381	1,549	1,624	1,521	1,425	1,646
			Of which: currency in circulation	205	272	392	451	473	572	580	513	450	667
Memorandum items:
	Base money/broad money			0.3	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.5
	Velocity of circulation			3.3	3.5	4.1	3.9	4.1	4.0	…	…	…	4.1

Source: Banque Centrale des États de I’Afrique de I’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

Table 30.

Côte d’Ivoire: Summary Accounts of the Central Bank, 1992-98

(In billions of CFA francs; end of period)

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

Table 30.

Côte d’Ivoire: Summary Accounts of the Central Bank, 1992-98

(In billions of CFA francs; end of period)

			1992	1993^1/	1994	1995	1996	1997		1998
									March	June	Sep.	Dec. Est.
Net foreign assets			-482	-482	-107	3	23	71	154	55	13	71
	Assets		4	1	109	259	349	373	536	433	389	481
	Liabilities		-486	-482	-217	-256	-301	-302	-382	-378	-375	-410
		*Of which*
		Net IMF position	-80	-61	-182	-222	269	265	331	338	338	371
		Counterpart to SDR allocation	-15	-14	-31	-29	30	30	30	31	31	31
Net domestic assets			716	777	570	512	528	545	503	530	533	677
	Net credit to the government		243	446	427	356	396	422	491	527	545	536
		Claims on the government (excluding IMF)	154	400	299	180	179	194	189	234	239	216
		Counterpart to net use of Fund resources	79	59	173	219	267	255	324	324	324	356
		Government deposits
		(including currency held)	10	-13	-46	-43	-50	-28	-22	-30	-19	-36
	Claims on deposit money banks		482	325	130	141	126	105	25	30	25	115
	Net claims on other financial
	institutions		9	7	5	12	14	13	16	14	15	15
	Other items, net		-18	0	8	3	-8	5	-28	-42	-50	12
Base money			234	295	462	516	551	616	657	585	547	748
	Currency in circulation		205	272	392	451	473	572	580	513	450	667
	labilities to deposit money banks		30	23	69	64	76	42	75	70	93	78
	Deposits on the money market		19	0	10	0	0	0	0	0	0	0
	Other deposits		2	13	41	49	61	22	25	-29	-38	23
	Currency held by banks		8	10	18	14	15	21	51	99	132	55
	Other deposits		0	0	1	1	2	2	2	2	3	3

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

Table 30.

Côte d’Ivoire: Summary Accounts of the Central Bank, 1992-98

(In billions of CFA francs; end of period)

			1992	1993^1/	1994	1995	1996	1997		1998
									March	June	Sep.	Dec. Est.
Net foreign assets			-482	-482	-107	3	23	71	154	55	13	71
	Assets		4	1	109	259	349	373	536	433	389	481
	Liabilities		-486	-482	-217	-256	-301	-302	-382	-378	-375	-410
		*Of which*
		Net IMF position	-80	-61	-182	-222	269	265	331	338	338	371
		Counterpart to SDR allocation	-15	-14	-31	-29	30	30	30	31	31	31
Net domestic assets			716	777	570	512	528	545	503	530	533	677
	Net credit to the government		243	446	427	356	396	422	491	527	545	536
		Claims on the government (excluding IMF)	154	400	299	180	179	194	189	234	239	216
		Counterpart to net use of Fund resources	79	59	173	219	267	255	324	324	324	356
		Government deposits
		(including currency held)	10	-13	-46	-43	-50	-28	-22	-30	-19	-36
	Claims on deposit money banks		482	325	130	141	126	105	25	30	25	115
	Net claims on other financial
	institutions		9	7	5	12	14	13	16	14	15	15
	Other items, net		-18	0	8	3	-8	5	-28	-42	-50	12
Base money			234	295	462	516	551	616	657	585	547	748
	Currency in circulation		205	272	392	451	473	572	580	513	450	667
	labilities to deposit money banks		30	23	69	64	76	42	75	70	93	78
	Deposits on the money market		19	0	10	0	0	0	0	0	0	0
	Other deposits		2	13	41	49	61	22	25	-29	-38	23
	Currency held by banks		8	10	18	14	15	21	51	99	132	55
	Other deposits		0	0	1	1	2	2	2	2	3	3

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

Table 31.

Côte d’Ivoire: Summary Accounts of the Deposit Money Banks, 1992-98

(In billions of CFA francs; end of period)

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11,1994.

^{^2/}Including claims on the CSSPPA and the CGPPGC.

^{^3/}Including deposits of the CSSPPA and the CGPPGC.

^{^4/}Excluding claims of the CSSPPA and the CGPPGC.

^{^5/}Excluding deposits of the CSSPPA and the CGPPGC.

Table 31.

Côte d’Ivoire: Summary Accounts of the Deposit Money Banks, 1992-98

(In billions of CFA francs; end of period)

	1992	1993^1/	1994	1995	1996	1997		1998
							March	June	Sep.	Dec. Est.
Net foreign assets	-72	-67	-28	-10	1	-17	44	38	-15	-29
Net domestic assets	630	572	780	897	904	990	996	967	987	1,006
Net position vis-a-vis the BCEAO	-426	-304	-68	-94	-50	-59	52	15	61	-47
Reserves	40	21	67	58	75	45	77	46	85	67
*Of which*: currency held	8	10	18	14	19	22	25	24	20	23
Liabilities to the BCEAO	-466	-325	-134	-152	-124	-105	-25	-30	-25	-115
Net credit to the government^2/	341	163	127	169	109	86	34	32	1	14
Claims on the government	235	262	324	409	418	424	401	396	399	413
Deposits of the government^3/	105	-99	-197	-240	-310	-338	-367	-364	-398	-399
Credit to the private sector	875	734	804	971	987	1,140	1,080	1,034	1,017	1,186
Crop credit	82	80	173	236	185	248	201	133	78	171
Ordinary credit^4/	793	654	631	735	803	891	879	901	939	1015
Other items, net	-160	-21	-83	-148	-142	-176	-170	-114	-92	-147
Deposits of the private sector^5/	558	505	751	888	905	973	1040	1005	972	977

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11,1994.

^{^2/}Including claims on the CSSPPA and the CGPPGC.

^{^3/}Including deposits of the CSSPPA and the CGPPGC.

^{^4/}Excluding claims of the CSSPPA and the CGPPGC.

^{^5/}Excluding deposits of the CSSPPA and the CGPPGC.

Table 31.

Côte d’Ivoire: Summary Accounts of the Deposit Money Banks, 1992-98

(In billions of CFA francs; end of period)

	1992	1993^1/	1994	1995	1996	1997		1998
							March	June	Sep.	Dec. Est.
Net foreign assets	-72	-67	-28	-10	1	-17	44	38	-15	-29
Net domestic assets	630	572	780	897	904	990	996	967	987	1,006
Net position vis-a-vis the BCEAO	-426	-304	-68	-94	-50	-59	52	15	61	-47
Reserves	40	21	67	58	75	45	77	46	85	67
*Of which*: currency held	8	10	18	14	19	22	25	24	20	23
Liabilities to the BCEAO	-466	-325	-134	-152	-124	-105	-25	-30	-25	-115
Net credit to the government^2/	341	163	127	169	109	86	34	32	1	14
Claims on the government	235	262	324	409	418	424	401	396	399	413
Deposits of the government^3/	105	-99	-197	-240	-310	-338	-367	-364	-398	-399
Credit to the private sector	875	734	804	971	987	1,140	1,080	1,034	1,017	1,186
Crop credit	82	80	173	236	185	248	201	133	78	171
Ordinary credit^4/	793	654	631	735	803	891	879	901	939	1015
Other items, net	-160	-21	-83	-148	-142	-176	-170	-114	-92	-147
Deposits of the private sector^5/	558	505	751	888	905	973	1040	1005	972	977

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11,1994.

^{^2/}Including claims on the CSSPPA and the CGPPGC.

^{^3/}Including deposits of the CSSPPA and the CGPPGC.

^{^4/}Excluding claims of the CSSPPA and the CGPPGC.

^{^5/}Excluding deposits of the CSSPPA and the CGPPGC.

Table 32.

Côte d’Ivoire: Credit to the Government, 1992-98

(In billions of CFA francs; end of period)

Source: Banque Centrale des États de l’Afrique de 1’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

^{^2/}BCEAO valuation.

^{^3/}Defined as net position of the government (PNG, definition of the BCEAO) plus net claims on the CSSPPA and the CGPPGC.

Table 32.

Côte d’Ivoire: Credit to the Government, 1992-98

(In billions of CFA francs; end of period)

	1993^1/	1994	1995	1996	1997		1998
						March	June	Sep.	Dec. Est.
Currency held	1.5	0.8	1.3	1.5	1.5	1.4	1.9	1.6	2.1	1.6
Deposits at the BCEAO	8.3	12.4	44.6	41.5	48.1	26.4	19.8	28.8	16.7	34.6
Bank deposits	105.3	99.2	197.0	239.6	309.6	338.0	366.6	364.0	397.8	399.0
*Of which:*CSSPPA	22.2	7.3	22.4	47.3	74.5	58.9	90.1	91.5	84.5	73.2
CGPPGC	5.9	4.3	5.4	5.2	0.3	0.2	0.6	0.6	0.7	0.1
Customs duty bills	16.9	17.8	26.7	19.0	22.6	22.0	14.7	14.2	11.7	18.1
Total claims	132.0	130.2	269.6	301.6	381.8	387.8	403.0	408.6	428.3	453.3
Liabilities to the BCEAO (excluding IMF)	153.8	400.0	299.3	180.3	178.7	194.1	189.2	233.8	239.4	216.4
Counteipart to net use of Fund resources^2/	78.9	59.2	173.2	218.6	266.8	255.2	323.9	323.9	323.9	355.8
Liabilities to banks	235.4	262.4	323.9	408.9	418.3	424.1	401.0	395.5	398.9	412.8
*Of which:*CSSPPA	10.6	13.7	0.1	0.2	0.0	0.0	0.0	0.0	0.2	0.2
CGPPGC	0.0	0.0	1.0	0.3	0.0	0.0	0.0	0.0	0.0	0.0
Deposits in postal checking accounts	2.1	1.7	2.0	2.0	2.4	3.9	3.7	3.2	3.2	2.5
Total liabilities	470.2	723.3	798.4	809.8	866.2	877.3	917.8	956.4	965.4	987.5
Net credit to the government^3/	338.2	593.2	528.8	508.2	484.4	489.5	514.8	547.8	537.1	534.2

Source: Banque Centrale des États de l’Afrique de 1’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

^{^2/}BCEAO valuation.

^{^3/}Defined as net position of the government (PNG, definition of the BCEAO) plus net claims on the CSSPPA and the CGPPGC.

Table 32.

Côte d’Ivoire: Credit to the Government, 1992-98

(In billions of CFA francs; end of period)

	1993^1/	1994	1995	1996	1997		1998
						March	June	Sep.	Dec. Est.
Currency held	1.5	0.8	1.3	1.5	1.5	1.4	1.9	1.6	2.1	1.6
Deposits at the BCEAO	8.3	12.4	44.6	41.5	48.1	26.4	19.8	28.8	16.7	34.6
Bank deposits	105.3	99.2	197.0	239.6	309.6	338.0	366.6	364.0	397.8	399.0
*Of which:*CSSPPA	22.2	7.3	22.4	47.3	74.5	58.9	90.1	91.5	84.5	73.2
CGPPGC	5.9	4.3	5.4	5.2	0.3	0.2	0.6	0.6	0.7	0.1
Customs duty bills	16.9	17.8	26.7	19.0	22.6	22.0	14.7	14.2	11.7	18.1
Total claims	132.0	130.2	269.6	301.6	381.8	387.8	403.0	408.6	428.3	453.3
Liabilities to the BCEAO (excluding IMF)	153.8	400.0	299.3	180.3	178.7	194.1	189.2	233.8	239.4	216.4
Counteipart to net use of Fund resources^2/	78.9	59.2	173.2	218.6	266.8	255.2	323.9	323.9	323.9	355.8
Liabilities to banks	235.4	262.4	323.9	408.9	418.3	424.1	401.0	395.5	398.9	412.8
*Of which:*CSSPPA	10.6	13.7	0.1	0.2	0.0	0.0	0.0	0.0	0.2	0.2
CGPPGC	0.0	0.0	1.0	0.3	0.0	0.0	0.0	0.0	0.0	0.0
Deposits in postal checking accounts	2.1	1.7	2.0	2.0	2.4	3.9	3.7	3.2	3.2	2.5
Total liabilities	470.2	723.3	798.4	809.8	866.2	877.3	917.8	956.4	965.4	987.5
Net credit to the government^3/	338.2	593.2	528.8	508.2	484.4	489.5	514.8	547.8	537.1	534.2

Source: Banque Centrale des États de l’Afrique de 1’Ouest (BCEAO).

^{^1/}Situation before the devaluation, which led to the revaluation of the external assets and liabilities of the BCEAO and of the commercial banks held on January 11, 1994.

^{^2/}BCEAO valuation.

^{^3/}Defined as net position of the government (PNG, definition of the BCEAO) plus net claims on the CSSPPA and the CGPPGC.

Table 33.

Côte d’Ivoire: Distribution of Credit to the Economy, 1992-98^1/

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Information on the sectoral distribution of credit is collected by the Centrale des Risques; it does not cover all outstanding credit of the banking system and does not reflect adjustments undertaken in the monetary survey. Thus, the totals reported here differ from those in the monetary survey.

Table 33.

Côte d’Ivoire: Distribution of Credit to the Economy, 1992-98^1/

		1992	1993	1994	1995	1996	1997	1998 Est.
				(In billions of CFA francs)
Short-term credit		664.8	580.8	811.2	887.0	677.9	756.7	622.8
Medium-term credit		105.0	190.2	244.9	252.5	209.3	191.2	302.7
Long-term credit		24.9	11.2	19.4	23.4	144.1	115.2	40.7
	Total	794.7	782.2	1,075.5	1,162.9	1,031.3	1,063.1	966.2
Agriculture, fishing, and livestock		9.9	14.1	15.7	16.2	11.2	11.0	9.5
Forestry		10.0	9.7	14.6	14.6	11.8	15.3	13.5
Manufacturing industry		161.7	158.0	175.4	200.1	191.6	156.8	173.0
Extractive industry		0.8	1.0	8.3	19.4	7.6	10.3	8.6
Energy		44.7	46.1	58.4	59.9	38.8	31.9	28.0
Building and construction		20.5	21.5	28.2	26.6	18.0	17.3	14.5
Transportation		52.0	49.7	43.2	46.8	42.3	34.2	51.3
Commerce		418.4	407.7	607.7	693.1	491.3	566.6	422.6
Services and other		76.6	74.4	123.9	86.2	218.8	219.7	245.3
				(In percent of total)
Short-term credit		83.7	74.3	75.4	76.3	65.7	71.2	64.5
Medium-term credit		13.2	24.3	22.8	21.7	20.3	18.0	31.3
Long-tenn credit		3.1	1.4	1.8	2.0	14.0	10.8	4.2
	Total	100.0	100.0	100.0	100.0	100.0	100.0	100.0
Agriculture, fishing, and livestock		1.2	1.8	1.5	1.4	1.1	1.0	1.0
Forestry		1.3	1.2	1.4	1.3	1.1	1.4	1.4
Manufacturing industry		20.3	20.2	16.3	17.2	18.6	14.7	17.9
Extractive industry		0.1	0.1	0.8	1.7	0.7	1.0	0.9
Energy		5.6	5.9	5.4	5.2	3.8	3.0	2.9
Building and construction		2.6	2.7	2.6	2.3	1.7	1.6	1.5
Transportation		6.5	6.4	4.0	4.0	4.1	3.2	5.3
Commerce		52.6	52.1	56.5	59.6	47.6	53.3	43.7
Services and other		9.6	9.5	11.5	7.4	21.2	20.7	25.4

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

Table 33.

Côte d’Ivoire: Distribution of Credit to the Economy, 1992-98^1/

		1992	1993	1994	1995	1996	1997	1998 Est.
				(In billions of CFA francs)
Short-term credit		664.8	580.8	811.2	887.0	677.9	756.7	622.8
Medium-term credit		105.0	190.2	244.9	252.5	209.3	191.2	302.7
Long-term credit		24.9	11.2	19.4	23.4	144.1	115.2	40.7
	Total	794.7	782.2	1,075.5	1,162.9	1,031.3	1,063.1	966.2
Agriculture, fishing, and livestock		9.9	14.1	15.7	16.2	11.2	11.0	9.5
Forestry		10.0	9.7	14.6	14.6	11.8	15.3	13.5
Manufacturing industry		161.7	158.0	175.4	200.1	191.6	156.8	173.0
Extractive industry		0.8	1.0	8.3	19.4	7.6	10.3	8.6
Energy		44.7	46.1	58.4	59.9	38.8	31.9	28.0
Building and construction		20.5	21.5	28.2	26.6	18.0	17.3	14.5
Transportation		52.0	49.7	43.2	46.8	42.3	34.2	51.3
Commerce		418.4	407.7	607.7	693.1	491.3	566.6	422.6
Services and other		76.6	74.4	123.9	86.2	218.8	219.7	245.3
				(In percent of total)
Short-term credit		83.7	74.3	75.4	76.3	65.7	71.2	64.5
Medium-term credit		13.2	24.3	22.8	21.7	20.3	18.0	31.3
Long-tenn credit		3.1	1.4	1.8	2.0	14.0	10.8	4.2
	Total	100.0	100.0	100.0	100.0	100.0	100.0	100.0
Agriculture, fishing, and livestock		1.2	1.8	1.5	1.4	1.1	1.0	1.0
Forestry		1.3	1.2	1.4	1.3	1.1	1.4	1.4
Manufacturing industry		20.3	20.2	16.3	17.2	18.6	14.7	17.9
Extractive industry		0.1	0.1	0.8	1.7	0.7	1.0	0.9
Energy		5.6	5.9	5.4	5.2	3.8	3.0	2.9
Building and construction		2.6	2.7	2.6	2.3	1.7	1.6	1.5
Transportation		6.5	6.4	4.0	4.0	4.1	3.2	5.3
Commerce		52.6	52.1	56.5	59.6	47.6	53.3	43.7
Services and other		9.6	9.5	11.5	7.4	21.2	20.7	25.4

Source: Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

Table 34.

Côte d’Ivoire: Central Bank Lending Rates, 1980-99

(Percent per annum, end of period)

Source: Banque Centrale des États de l’Afrique de 1’Ouest (BCEAO).

^{^1/}Rate applicable to advances to government under Article 16 of the BCEAO statutes.

^{^2/}Reform of lending rate structure, involving the abolition of the preferential discount rate and the creation of a special rate for advances to the treasury.

^{^3/}Introduction of a weekly auction system on the money market on October 18,1993.

^{^4/}Beginning of money market auctions using the Dutch auction system.

^{^5/}Auctions of central bank bills using the Dutch auction system were introduced in August 1996 but are not included in the calculation of the average money market rate.

Table 34.

Côte d’Ivoire: Central Bank Lending Rates, 1980-99

(Percent per annum, end of period)

		Normal Discount Rate (TEN)	Advances Against Securities (TEN+ 1.5 %)	Rediscount Rate (TES)	Special Rate for Advances to Treasury^1/	Repurchase Rate	Average Monthly Money Market Rate (TMM)	Interbank Rate
1980	April	10.500	12.000	…	…	…	…	…
1982	April	12.500	14.000	…	…	…	…	…
1983	April	10.500	12.000	…	…	…	…	…
1986	March	9.500	11.000	…	…	…	…	…
	September	8.500	10.000	…	…	…	…	…
1988	December	9.500	11.000	…	…	…	…	…
1989	March	10.000	11.500	…	…	…	…	…
	October^2/	…	…	10.500	9.250	…	10.250	…
	November	…	…	11.000	9.625	…	10.625	…
	December	…	…	11.000	9.975	…	10.975	…
1991	November	…	…	11.000	9.725	…	10.725	…
1992	August	…	…	13.000	9.725	…	12.725	…
	November	…	…	12.500	9,725	…	11.975	…
1993	April	…	…	12.500	9.725	…	11.225	…
	May	…	…	12.500	9.725	…	10.225	…
	October^3/	…	…	12.500	9.725	10.500	9.350	…
	November	…	…	12.500	9.725	9.250	8.500	…
	December	…	…	10.500	9.725	8.750	7.510	…
1994	January	…	…	14.500	7.794	12.750	7.940	8.190-12.000
	February	…	…	14.500	7.799	12.750	9.250	6.000-11.750
	June	…	…	12.000	8.118	10.250	8.850	2.500- 9.250
	July	…	…	12.000	5.224	8.750	7.040	3.750- 8.250
	August	…	…	10.000	5.224	7.750	5.940	3.750- 7.250
	September	…	…	10.000	5.224	7.250	5.670	2.750- 6.750
	December	…	…	10.000	4.500	7.000	5.500	3.750- 7.000
1995	January	…	…	9.000	4.500	7.000	5.500	4.750- 6.250
	June	…	…	8.500	4.500	6.500	5.500	5.000- 6.500
	August	…	…	8.500	4.500	6.500	5.500	5.000- 7.000
	December	…	…	7.500	4.595	6.500	6.021	5.000- 7.250
1996	January	…	…	7.500	4.506	6.500	5.500	5.250- 7.250
	May	…	…	7.500	4.365	6.500	5.210	4.750-7.000
	June	…	…	7.500	4.365	6.500	5.360	4.750- 6.000
	Early July^4/	…	…	7.500	5.307	6.500	5.961	5.000-7.500
	Mid-July	…	…	7.500	5.307	6.500	5.250	5.000- 6.000
	Early August^5/	…	…	7.250	5.307	6.250	5.250	5.000- 7.000
	Mid-August	…	…	7.000	5.307	6.000	5.250	4.500- 6.250
	September	…	…	7.000	5.307	6.000	5.250	4.000- 6.000
	October	…	…	6.500	5.169	6.000	5.250	3.500- 5.000
	December	…	…	6.500	5.169	6.000	5.050	4.000- 5.500
1997	January	…	…	6.500	5.051	6.000	5.040	4.750- 5.500
	February	…	…	6.250	5.051	5.750	5.110	4.500- 5.750
	April	…	…	6.250	5.008	5.750	5.000	5.000- 5.500
	September	…	…	6.000	5.020	5.500	5.020	4.000- 5.500
	December	…	…	6.000	5.003	5.500	4.960	4.000- 5.500
1998	August	…	…	6.250	4.950	5.750	4.950	4,700-6.250
1999	January	…	…	5.750	4.950	5.250	4.950	5.000-6.500
	February	…	…	5.750	4.950	5.250	4.950	4.000-6.250

Source: Banque Centrale des États de l’Afrique de 1’Ouest (BCEAO).

^{^1/}Rate applicable to advances to government under Article 16 of the BCEAO statutes.

^{^2/}Reform of lending rate structure, involving the abolition of the preferential discount rate and the creation of a special rate for advances to the treasury.

^{^3/}Introduction of a weekly auction system on the money market on October 18,1993.

^{^4/}Beginning of money market auctions using the Dutch auction system.

^{^5/}Auctions of central bank bills using the Dutch auction system were introduced in August 1996 but are not included in the calculation of the average money market rate.

Table 34.

Côte d’Ivoire: Central Bank Lending Rates, 1980-99

(Percent per annum, end of period)

		Normal Discount Rate (TEN)	Advances Against Securities (TEN+ 1.5 %)	Rediscount Rate (TES)	Special Rate for Advances to Treasury^1/	Repurchase Rate	Average Monthly Money Market Rate (TMM)	Interbank Rate
1980	April	10.500	12.000	…	…	…	…	…
1982	April	12.500	14.000	…	…	…	…	…
1983	April	10.500	12.000	…	…	…	…	…
1986	March	9.500	11.000	…	…	…	…	…
	September	8.500	10.000	…	…	…	…	…
1988	December	9.500	11.000	…	…	…	…	…
1989	March	10.000	11.500	…	…	…	…	…
	October^2/	…	…	10.500	9.250	…	10.250	…
	November	…	…	11.000	9.625	…	10.625	…
	December	…	…	11.000	9.975	…	10.975	…
1991	November	…	…	11.000	9.725	…	10.725	…
1992	August	…	…	13.000	9.725	…	12.725	…
	November	…	…	12.500	9,725	…	11.975	…
1993	April	…	…	12.500	9.725	…	11.225	…
	May	…	…	12.500	9.725	…	10.225	…
	October^3/	…	…	12.500	9.725	10.500	9.350	…
	November	…	…	12.500	9.725	9.250	8.500	…
	December	…	…	10.500	9.725	8.750	7.510	…
1994	January	…	…	14.500	7.794	12.750	7.940	8.190-12.000
	February	…	…	14.500	7.799	12.750	9.250	6.000-11.750
	June	…	…	12.000	8.118	10.250	8.850	2.500- 9.250
	July	…	…	12.000	5.224	8.750	7.040	3.750- 8.250
	August	…	…	10.000	5.224	7.750	5.940	3.750- 7.250
	September	…	…	10.000	5.224	7.250	5.670	2.750- 6.750
	December	…	…	10.000	4.500	7.000	5.500	3.750- 7.000
1995	January	…	…	9.000	4.500	7.000	5.500	4.750- 6.250
	June	…	…	8.500	4.500	6.500	5.500	5.000- 6.500
	August	…	…	8.500	4.500	6.500	5.500	5.000- 7.000
	December	…	…	7.500	4.595	6.500	6.021	5.000- 7.250
1996	January	…	…	7.500	4.506	6.500	5.500	5.250- 7.250
	May	…	…	7.500	4.365	6.500	5.210	4.750-7.000
	June	…	…	7.500	4.365	6.500	5.360	4.750- 6.000
	Early July^4/	…	…	7.500	5.307	6.500	5.961	5.000-7.500
	Mid-July	…	…	7.500	5.307	6.500	5.250	5.000- 6.000
	Early August^5/	…	…	7.250	5.307	6.250	5.250	5.000- 7.000
	Mid-August	…	…	7.000	5.307	6.000	5.250	4.500- 6.250
	September	…	…	7.000	5.307	6.000	5.250	4.000- 6.000
	October	…	…	6.500	5.169	6.000	5.250	3.500- 5.000
	December	…	…	6.500	5.169	6.000	5.050	4.000- 5.500
1997	January	…	…	6.500	5.051	6.000	5.040	4.750- 5.500
	February	…	…	6.250	5.051	5.750	5.110	4.500- 5.750
	April	…	…	6.250	5.008	5.750	5.000	5.000- 5.500
	September	…	…	6.000	5.020	5.500	5.020	4.000- 5.500
	December	…	…	6.000	5.003	5.500	4.960	4.000- 5.500
1998	August	…	…	6.250	4.950	5.750	4.950	4,700-6.250
1999	January	…	…	5.750	4.950	5.250	4.950	5.000-6.500
	February	…	…	5.750	4.950	5.250	4.950	4.000-6.250

Source: Banque Centrale des États de l’Afrique de 1’Ouest (BCEAO).

^{^1/}Rate applicable to advances to government under Article 16 of the BCEAO statutes.

^{^2/}Reform of lending rate structure, involving the abolition of the preferential discount rate and the creation of a special rate for advances to the treasury.

^{^3/}Introduction of a weekly auction system on the money market on October 18,1993.

^{^4/}Beginning of money market auctions using the Dutch auction system.

^{^5/}Auctions of central bank bills using the Dutch auction system were introduced in August 1996 but are not included in the calculation of the average money market rate.

Table 35.

Côte d’Ivoire: Commercial Bank Interest Rates, 1992-99

(In percent per annum, end of period)

Source: Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

^{^1/}Effective October 1, 1993, rates on deposits over CFAF 5 million were completely liberalized.

^{^2/}TMM is the average monthly money market rate published by the BCEAO.

^{^3/}Until October 1, 1989, narrower ranges of lending rates (within the ranges shown) applied to different uses and maturities of bank credits. Since October 2, 1989, only one maximum rate has been established: the discount rate plus 5 percent up to October 1993, and, since then, a maximum rate of 29.1 percent.

Table 35.

Côte d’Ivoire: Commercial Bank Interest Rates, 1992-99

(In percent per annum, end of period)

	Aug.	Nov.	Oct.	Dec.	Jan.
	1992	1992	1993	1993	1994
Demand deposits	free	free	free	free	free
Time deposits from
CFAF 500,001 - 5,000,000^1/
Less than 6 months	9.00 min.	8.50 min.	TMM-2% 2/	TMM-2% 2/	TMM-2% 2/
Six months to one year	10.00 min.	9.50 min.	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	11.00 min.	10.50 min.	free	free	free
Certificates of deposit over
CFAF 500,000^1/
Six months to one year	10.00 min.	9.50 min.	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	11.00 min.	10.50 min.	free	free	free
Passbook savings	9.00 fixed	8.50 fixed	4.50 min.	8.00 min.	8.00 min.
Lending rates^3/	18.00 max.	17.50 max.	25.00 max.	29.10 max.	29.10 max.
	June	Jul.	Dec.
	1994	1994	1995	1996 to present
Demand deposits	free	free	free	free
Time deposits from
CFAF 500,001 - 5,000,000^1/
Less than 6 months	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
Six months to one year	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	free	free	free	free
Certificates of deposit over
CFAF 500,000^1/
Six months to one year	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	free	free	free	free
Passbook savings	8.00 min.	4.50 min.	4.50 min.	3.50 min.
Lending rates^3/	29.10 max.	29.10 max.	29.10 max.	29.10 max.

Source: Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

^{^1/}Effective October 1, 1993, rates on deposits over CFAF 5 million were completely liberalized.

^{^2/}TMM is the average monthly money market rate published by the BCEAO.

Table 35.

Côte d’Ivoire: Commercial Bank Interest Rates, 1992-99

(In percent per annum, end of period)

	Aug.	Nov.	Oct.	Dec.	Jan.
	1992	1992	1993	1993	1994
Demand deposits	free	free	free	free	free
Time deposits from
CFAF 500,001 - 5,000,000^1/
Less than 6 months	9.00 min.	8.50 min.	TMM-2% 2/	TMM-2% 2/	TMM-2% 2/
Six months to one year	10.00 min.	9.50 min.	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	11.00 min.	10.50 min.	free	free	free
Certificates of deposit over
CFAF 500,000^1/
Six months to one year	10.00 min.	9.50 min.	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	11.00 min.	10.50 min.	free	free	free
Passbook savings	9.00 fixed	8.50 fixed	4.50 min.	8.00 min.	8.00 min.
Lending rates^3/	18.00 max.	17.50 max.	25.00 max.	29.10 max.	29.10 max.
	June	Jul.	Dec.
	1994	1994	1995	1996 to present
Demand deposits	free	free	free	free
Time deposits from
CFAF 500,001 - 5,000,000^1/
Less than 6 months	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
Six months to one year	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	free	free	free	free
Certificates of deposit over
CFAF 500,000^1/
Six months to one year	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/	TMM-2%^2/
More than one year	free	free	free	free
Passbook savings	8.00 min.	4.50 min.	4.50 min.	3.50 min.
Lending rates^3/	29.10 max.	29.10 max.	29.10 max.	29.10 max.

Source: Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO).

^{^1/}Effective October 1, 1993, rates on deposits over CFAF 5 million were completely liberalized.

^{^2/}TMM is the average monthly money market rate published by the BCEAO.

Table 36.

Côte d’Ivoire: Stock Exchange Operations, 1992-98^1/

(In millions of CFA francs, unless otherwise indicated)

Source: Bourse des valeurs d’Abidjan et la Bourse éegionale des valeurs mobiiieres (BRVM).

^{^1/}On September 16, 1998, the Abidjan Stock Exchange (BVA) was replaced by the regional stock exchange (BRVM).

^{^2/}For 1997, this line includes sales of blocks of shares.

^{^3/}The BRVM 10 is an index of the ten most active shares, and the BRVM composite is the composite of all shares quoted on the BRVM. September 16, 1998=100.

Table 36.

Côte d’Ivoire: Stock Exchange Operations, 1992-98^1/

(In millions of CFA francs, unless otherwise indicated)

			1992	1993	1994	1995	1996	1997	1998 Est.
Share issues			10,789	6,073	6,341	10,863	14,488	16,250	…
Bond issues
	Gross issues		2,158	2,177	2,356	22,397	16,414	1,000	17,000
	Amortization		10,989	7,409	7,477	3,126	3,848	3,845	0
		Net issues	-8,831	-5,232	-5,121	19,271	12,566	-2,845	17,000
Secondary market			1,137	1,603	6,392	7,054	10,490	15,300	205,622
	Introductory offers of shares		0	0	0	0	0	0	195,000
	Sates of blocks of shares		0	0	4,080	2,650	2,260	0	2,197
	Other share transactions^2/		987	2,298	2,047	4,247	7,687	14,220	8,408
	Bond transactions		150	305	265	157	543	1,080	17
Number of quotations			66	60	59	62	49	50	39
	Bonds		40	37	33	32	18	15	4
	Shares		26	23	26	30	31	35	35
Market capitalization			131	122	224	425	517	756	1,031
	Bonds		32	24	29	36	41	34	13
	Shares		100	98	195	389	476	723	1,018
Memorandum items:
	Stock price index (1985=100)		63	91	129	277	358	438	…
	BRVM 10^3/		…	…	…	…	…	…	95
	BRVM Composite^3/		…	…	…	…	…	…	98

Source: Bourse des valeurs d’Abidjan et la Bourse éegionale des valeurs mobiiieres (BRVM).

^{^1/}On September 16, 1998, the Abidjan Stock Exchange (BVA) was replaced by the regional stock exchange (BRVM).

^{^2/}For 1997, this line includes sales of blocks of shares.

^{^3/}The BRVM 10 is an index of the ten most active shares, and the BRVM composite is the composite of all shares quoted on the BRVM. September 16, 1998=100.

Table 36.

Côte d’Ivoire: Stock Exchange Operations, 1992-98^1/

(In millions of CFA francs, unless otherwise indicated)

			1992	1993	1994	1995	1996	1997	1998 Est.
Share issues			10,789	6,073	6,341	10,863	14,488	16,250	…
Bond issues
	Gross issues		2,158	2,177	2,356	22,397	16,414	1,000	17,000
	Amortization		10,989	7,409	7,477	3,126	3,848	3,845	0
		Net issues	-8,831	-5,232	-5,121	19,271	12,566	-2,845	17,000
Secondary market			1,137	1,603	6,392	7,054	10,490	15,300	205,622
	Introductory offers of shares		0	0	0	0	0	0	195,000
	Sates of blocks of shares		0	0	4,080	2,650	2,260	0	2,197
	Other share transactions^2/		987	2,298	2,047	4,247	7,687	14,220	8,408
	Bond transactions		150	305	265	157	543	1,080	17
Number of quotations			66	60	59	62	49	50	39
	Bonds		40	37	33	32	18	15	4
	Shares		26	23	26	30	31	35	35
Market capitalization			131	122	224	425	517	756	1,031
	Bonds		32	24	29	36	41	34	13
	Shares		100	98	195	389	476	723	1,018
Memorandum items:
	Stock price index (1985=100)		63	91	129	277	358	438	…
	BRVM 10^3/		…	…	…	…	…	…	95
	BRVM Composite^3/		…	…	…	…	…	…	98

Source: Bourse des valeurs d’Abidjan et la Bourse éegionale des valeurs mobiiieres (BRVM).

^{^1/}On September 16, 1998, the Abidjan Stock Exchange (BVA) was replaced by the regional stock exchange (BRVM).

^{^2/}For 1997, this line includes sales of blocks of shares.

^{^3/}The BRVM 10 is an index of the ten most active shares, and the BRVM composite is the composite of all shares quoted on the BRVM. September 16, 1998=100.

Table 37.

Côte d’Ivoire: Balance of Payments, 1992-98

(In billions of CFA francs)

Sources: Ivoirien authorities; and staff estimates.

^1/Reflects flow reschedulings from Paris Club creditors on Lyons terms in 1998-2001.

^{^2/}Debt service due includes obligations to commercial banks, with the exception of interest on arrears. Reflects 1998 debt-reduction agreement with commercial banks. The debt-service numbers do not include cancelled debt-service obligations and direct payments by public sector enterprises.

^{^3/}Includes program loans and European Union grants disbursed in the context of programmed financial assistance and price stabilization (Stabex) funds.

^{^4/}Includes short-term capital and other private capital.

^{^5/}Includes the deferred repayment of arrears on post-cutoff-date debt over a three-year period ended in March 2001, and the restructuring of pre-cutoff-date debt service and arrears due to official creditors.

^{^6/}Stock of arrears, mostly to commercial banks, except in 1997 when CFAF 120.9 billion of reschedulable arrears to the Paris Club were accumulated. All arrears were cleared in 1998 in the context of the Paris Club rescheduling and the agreement with commercial banks.

^{^7/}In percent of exports of goods and nonfactor services.

Table 37.

Côte d’Ivoire: Balance of Payments, 1992-98

(In billions of CFA francs)

			1992	1993	1994	1995	1996	1997	1998 Est.
Trade balance			255	208	700	681	777	777	785
	Exports, f.o.b.		780	713	1,593	1,907	2,190	2,379	2,414
		Of which: cocoa	254	268	528	620	816	821	898
		coffee	54	69	138	212	152	208	222
	Imports, f.o.b.		-525	-505	-893	-1,226	-1,413	-1,602	-1,629
Services, net			-507	-484	-612	-772	-823	-847	-839
	Receipts		214	219	298	406	396	433	482
		Factorincome	9	11	20	19	21	23	25
		Other services	206	208	278	386	375	409	457
	Payments		-721	-703	-910	-1,178	-1,219	-1,279	-1,320
		Factor Income	-365	-398	-450	-512	-490	-496	-491
		*Of which:* Central government interest due^2/	-193	-209	-290	-302	-286	-265	-252
		Other services	-356	-305	-460	-665	-729	-783	-829
Transfers, net			-83	-46	-131	-198	-214	-216	-236
	Private		-100	-86	-144	-219	-240	-244	-264
	Public		18	40	13	21	26	27	28
Current account			-335	-323	-43	-289	-260	-286	-290
Capital account			-12	51	321	188	99	133	209
	Official medium- and long-term loans (net)		-68	-53	223	-33	-35	-132	-41
		Project loans	28	31	68	87	97	83	96
		Other bilateral and multilateral loans^3/	149	144	493	278	187	73	225
		Central government amortization due^2/	-241	-223	-326	-386	-307	-275	-352
		Public enterprises amortization due	-5	-5	-11	-11	-11	-13	-9
	Other capital (including private capital, errors and omissions)^4/		56	105	98	220	134	265	250
Overall balance			-347	-271	278	-101	-162	-153	-81
Financing			348	271	-278	101	162	153	81
	Official net reserves (increase: -)		62	-25	-441	-111	-20	-48	0
		Operations account	86	-11	-515	-156	-68	-35	-100
		IMF, net	-24	-14	56	45	48	-13	100
		Other	0	0	19	0	0	0	0
	Commercial banks (net)		11	12	-72	-19	-10	18	12
	Change in arrears		147	285	-353	7	2	121	-121
	Rescheduling^5/		127	0	588	223	189	62	334
	Up-front payment under the 1998 London Club debt operation		0	0	0	0	0	0	-144
Memorandum items:
		Operations account (in months of imports of goods and nonfactor services)	-5.7	-6.0	1.0	1.7	1.9	1.8	2.3
	Operations account (end-of-year)		-417	-407	109	265	333	368	467
	Outstanding arrears (end-of-year)^6/		1,338	1,632	3,051	3,080	3,577	3,698	0
	Current account (percent of GDP)		-11.4	-11.0	-1.0	-5.8	-4.8	-4.8	-4.5
	Public external debt service before the 1998 rescheduling^7/		47.5	49.3	36.0	32.9	25.0	20.1	26.9
	Nominal GDP		2,951	2,946	4,256	4,988	5,474	5,984	6,493

Sources: Ivoirien authorities; and staff estimates.

^1/Reflects flow reschedulings from Paris Club creditors on Lyons terms in 1998-2001.

^{^3/}Includes program loans and European Union grants disbursed in the context of programmed financial assistance and price stabilization (Stabex) funds.

^{^4/}Includes short-term capital and other private capital.

^{^7/}In percent of exports of goods and nonfactor services.

Table 37.

Côte d’Ivoire: Balance of Payments, 1992-98

(In billions of CFA francs)

			1992	1993	1994	1995	1996	1997	1998 Est.
Trade balance			255	208	700	681	777	777	785
	Exports, f.o.b.		780	713	1,593	1,907	2,190	2,379	2,414
		Of which: cocoa	254	268	528	620	816	821	898
		coffee	54	69	138	212	152	208	222
	Imports, f.o.b.		-525	-505	-893	-1,226	-1,413	-1,602	-1,629
Services, net			-507	-484	-612	-772	-823	-847	-839
	Receipts		214	219	298	406	396	433	482
		Factorincome	9	11	20	19	21	23	25
		Other services	206	208	278	386	375	409	457
	Payments		-721	-703	-910	-1,178	-1,219	-1,279	-1,320
		Factor Income	-365	-398	-450	-512	-490	-496	-491
		*Of which:* Central government interest due^2/	-193	-209	-290	-302	-286	-265	-252
		Other services	-356	-305	-460	-665	-729	-783	-829
Transfers, net			-83	-46	-131	-198	-214	-216	-236
	Private		-100	-86	-144	-219	-240	-244	-264
	Public		18	40	13	21	26	27	28
Current account			-335	-323	-43	-289	-260	-286	-290
Capital account			-12	51	321	188	99	133	209
	Official medium- and long-term loans (net)		-68	-53	223	-33	-35	-132	-41
		Project loans	28	31	68	87	97	83	96
		Other bilateral and multilateral loans^3/	149	144	493	278	187	73	225
		Central government amortization due^2/	-241	-223	-326	-386	-307	-275	-352
		Public enterprises amortization due	-5	-5	-11	-11	-11	-13	-9
	Other capital (including private capital, errors and omissions)^4/		56	105	98	220	134	265	250
Overall balance			-347	-271	278	-101	-162	-153	-81
Financing			348	271	-278	101	162	153	81
	Official net reserves (increase: -)		62	-25	-441	-111	-20	-48	0
		Operations account	86	-11	-515	-156	-68	-35	-100
		IMF, net	-24	-14	56	45	48	-13	100
		Other	0	0	19	0	0	0	0
	Commercial banks (net)		11	12	-72	-19	-10	18	12
	Change in arrears		147	285	-353	7	2	121	-121
	Rescheduling^5/		127	0	588	223	189	62	334
	Up-front payment under the 1998 London Club debt operation		0	0	0	0	0	0	-144
Memorandum items:
		Operations account (in months of imports of goods and nonfactor services)	-5.7	-6.0	1.0	1.7	1.9	1.8	2.3
	Operations account (end-of-year)		-417	-407	109	265	333	368	467
	Outstanding arrears (end-of-year)^6/		1,338	1,632	3,051	3,080	3,577	3,698	0
	Current account (percent of GDP)		-11.4	-11.0	-1.0	-5.8	-4.8	-4.8	-4.5
	Public external debt service before the 1998 rescheduling^7/		47.5	49.3	36.0	32.9	25.0	20.1	26.9
	Nominal GDP		2,951	2,946	4,256	4,988	5,474	5,984	6,493

Sources: Ivoirien authorities; and staff estimates.

^1/Reflects flow reschedulings from Paris Club creditors on Lyons terms in 1998-2001.

^{^3/}Includes program loans and European Union grants disbursed in the context of programmed financial assistance and price stabilization (Stabex) funds.

^{^4/}Includes short-term capital and other private capital.

^{^7/}In percent of exports of goods and nonfactor services.

Table 38.

Côte d’Ivoire: Balance of Payments, 1992-98

(In millions of U.S. dollars)

Sources: Ivoirien authorities; and staff estimates.

^1/Reflects flow reschedulings from Paris Club creditors on Lyons terms in 1998-2001.

^{^3/}Includes program loans and European Union grants disbursed in the context of programmed financial assistance and price stabilization (Stabex) funds.

^{^4/}Includes short-term capital and other private capital.

^{^5/}Includes the deferred repayment of arrears on post-cutoff-date debt over a three-year period ended December 1996, and the restructuring of pre-cutoff-date debt service and arrears due to official creditors.

^7/In percent of exports of goods and nonfactor services.

Table 38.

Côte d’Ivoire: Balance of Payments, 1992-98

(In millions of U.S. dollars)

			1992	1993	1994	1995	1996	1997	1998 Est.
Trade balance			962	735	1,261	1,364	1,518	1,331	1,338
	Exports, f.o.b.		2,945	2,519	2,869	3,820	4,281	4,076	4,114
		Of which: cocoa	961	945	951	1,242	1,595	1,406	1,531
		coffee	205	243	249	425	297	357	379
		Imports, f.o.b.	-1,984	-1,784	-1,608	-2,456	-2,763	-2,744	-2,777
Services, net			-1,915	-1,711	-1,102	-1,547	-1,609	-1,451	-1,430
		Receipts	810	773	536	813	774	741	821
		Factor income	34	40	36	39	42	40	43
		Other services	776	734	500	774	732	702	778
	Payments		-2,725	-2,484	-1,638	-2,359	-2,383	-2,192	-2,251
		Factor income	-1,380	-1,407	-810	-1,026	-957	-851	-837
		Of which: central government interest due^2/	-730	-736	-522	-604	-560	-493	-429
		Other services	-1,346	-1,077	-829	-1,333	-1,425	-1,344	-1,413
Transfers, net			-313	-164	-236	-396	-418	-371	-403
	Private		-379	-305	-259	-439	-470	-417	-450
	Public		66	141	23	43	52	47	48
Current account			-1,267	-1,140	-78	-579	-509	-490	-495
Capital account			•46	181	578	376	193	227	356
	Official medium- and long-term loans, net		-259	-188	402	-66	-69	-227	-70
		Project loans	105	111	122	173	189	143	163
		Other bilateral and multilateral loans^3/	563	507	887	557	365	124	383
		Central government amortization due^2/	-909	-787	-588	-773	-601	-472	-601
		Public enterprises amortization due	-18	-18	-20	-22	-22	-22	-16
	Other capital (including private capital, and errors and omissions)^4/		213	369	176	442	262	454	426
Overall balance			-1,313	-959	500	-203	-316	-263	-139
Financing			1,313	959	-500	203	316	263	139
	Official net reserves (increase: -)		235	-88	-794	-222	-39	-82	0
		Operations account	327	-38	-928	-313	-133	-60	-170
		IMF, net	-92	-50	100	91	94	-22	170
		Other	0	0	34	0	0	0	0
	Commercial banks, net		41	41	-130	-37	-20	31	20
	Changes in arrears		556	1,006	-635	14	4	207	-206
	Rescheduling^5/		481	0	1,058	448	370	106	570
	Up-front payment under the 1998 London Club debt operation		0	0	0	0	0	0	-246
Memorandum items:
	Operations account (in months of imports
		of goods and nonfactor services)	-5.7	-6.0	1.0	1.7	1.9	1.8	2.3
	Total grants		313	253	202	188	187	135	148
	Operations account (end of year)		-1,577	-1,436	196	530	650	630	796
	Outstanding arrears (end-of-year)^6/		5,054	5,764	5,496	6,171	6,993	6,336	0
	Current account (in percent of GDP)		-11.4	-11.0	-1.0	-5.8	-4.8	-4.8	-4.5
	Nominal GDP		11,150	10,404	7,666	9,993	10,699	10,253	11,066

Sources: Ivoirien authorities; and staff estimates.

^1/Reflects flow reschedulings from Paris Club creditors on Lyons terms in 1998-2001.

^{^3/}Includes program loans and European Union grants disbursed in the context of programmed financial assistance and price stabilization (Stabex) funds.

^{^4/}Includes short-term capital and other private capital.

^7/In percent of exports of goods and nonfactor services.

Table 38.

Côte d’Ivoire: Balance of Payments, 1992-98

(In millions of U.S. dollars)

			1992	1993	1994	1995	1996	1997	1998 Est.
Trade balance			962	735	1,261	1,364	1,518	1,331	1,338
	Exports, f.o.b.		2,945	2,519	2,869	3,820	4,281	4,076	4,114
		Of which: cocoa	961	945	951	1,242	1,595	1,406	1,531
		coffee	205	243	249	425	297	357	379
		Imports, f.o.b.	-1,984	-1,784	-1,608	-2,456	-2,763	-2,744	-2,777
Services, net			-1,915	-1,711	-1,102	-1,547	-1,609	-1,451	-1,430
		Receipts	810	773	536	813	774	741	821
		Factor income	34	40	36	39	42	40	43
		Other services	776	734	500	774	732	702	778
	Payments		-2,725	-2,484	-1,638	-2,359	-2,383	-2,192	-2,251
		Factor income	-1,380	-1,407	-810	-1,026	-957	-851	-837
		Of which: central government interest due^2/	-730	-736	-522	-604	-560	-493	-429
		Other services	-1,346	-1,077	-829	-1,333	-1,425	-1,344	-1,413
Transfers, net			-313	-164	-236	-396	-418	-371	-403
	Private		-379	-305	-259	-439	-470	-417	-450
	Public		66	141	23	43	52	47	48
Current account			-1,267	-1,140	-78	-579	-509	-490	-495
Capital account			•46	181	578	376	193	227	356
	Official medium- and long-term loans, net		-259	-188	402	-66	-69	-227	-70
		Project loans	105	111	122	173	189	143	163
		Other bilateral and multilateral loans^3/	563	507	887	557	365	124	383
		Central government amortization due^2/	-909	-787	-588	-773	-601	-472	-601
		Public enterprises amortization due	-18	-18	-20	-22	-22	-22	-16
	Other capital (including private capital, and errors and omissions)^4/		213	369	176	442	262	454	426
Overall balance			-1,313	-959	500	-203	-316	-263	-139
Financing			1,313	959	-500	203	316	263	139
	Official net reserves (increase: -)		235	-88	-794	-222	-39	-82	0
		Operations account	327	-38	-928	-313	-133	-60	-170
		IMF, net	-92	-50	100	91	94	-22	170
		Other	0	0	34	0	0	0	0
	Commercial banks, net		41	41	-130	-37	-20	31	20
	Changes in arrears		556	1,006	-635	14	4	207	-206
	Rescheduling^5/		481	0	1,058	448	370	106	570
	Up-front payment under the 1998 London Club debt operation		0	0	0	0	0	0	-246
Memorandum items:
	Operations account (in months of imports
		of goods and nonfactor services)	-5.7	-6.0	1.0	1.7	1.9	1.8	2.3
	Total grants		313	253	202	188	187	135	148
	Operations account (end of year)		-1,577	-1,436	196	530	650	630	796
	Outstanding arrears (end-of-year)^6/		5,054	5,764	5,496	6,171	6,993	6,336	0
	Current account (in percent of GDP)		-11.4	-11.0	-1.0	-5.8	-4.8	-4.8	-4.5
	Nominal GDP		11,150	10,404	7,666	9,993	10,699	10,253	11,066

Sources: Ivoirien authorities; and staff estimates.

^1/Reflects flow reschedulings from Paris Club creditors on Lyons terms in 1998-2001.

^{^3/}Includes program loans and European Union grants disbursed in the context of programmed financial assistance and price stabilization (Stabex) funds.

^{^4/}Includes short-term capital and other private capital.

^7/In percent of exports of goods and nonfactor services.

Table 39.

Côte d’Ivoire: Value, Volume, and Unit Price of Major Exports, 1992-98

(Value in billions of CFA francs; volume in thousands of tons; and f.o.b. unit value in CFA francs per kilogram)

Sources: Ivoirien authorities; and staff estimates.

Table 39.

Côte d’Ivoire: Value, Volume, and Unit Price of Major Exports, 1992-98

(Value in billions of CFA francs; volume in thousands of tons; and f.o.b. unit value in CFA francs per kilogram)

			1992	1993	1994	1995	1996	1997	1998 Est.
Coffee, beans
	Value		37.3	56.8	105.7	169.2	119.8	174.3	176.9
		Change (%)	-27.5	52.0	86.3	60.0	-29.2	45.5	1.5
	Volume		208.7	226.3	136.3	144.4	148.5	244.9	222.6
		Change (%)	5.2	8.4	-39.8	5.9	2.9	64.9	-9.1
	Unit value		178.9	250.8	775.8	1171.4	806,6	711.9	795.0
		Change (%)	-31.1	40.2	209.4	51.0	-31.1	-11.7	11.7
Cocoa, beans
	Value		202.5	223.6	454.7	549.2	720.3	707.8	735.5
		Change (%)	-2.9	10.4	103.3	20.8	31.1	-1.7	3.9
	Volume		666.6	789.4	706.9	773.6	1054.0	939.1	835.8
		Change (%)	-6.8	18.4	-10.5	9.4	36.3	-10.9	-11.0
	Unit value		303.8	283.3	643.2	710.0	683.3	753.6	880.0
		Change (%)	4.2	-6.7	127.0	10.4	-3.8	10,3	16.8
Logs
	Value		7.2	12.0	27.8	25.8	20.9	8.5	5.9
		Change (%)	-47.7	67.3	131.0	-7.3	-19.2	-59.2	-31.2
	Volume		193.9	268.4	329.0	283.0	304.5	155.9	155.9
		Change (%)	-19.9	38.4	22.6	-14.0	7.6	-48.8	0.0
	Unit value		37.1	44.9	84.6	91.2	68.5	54.6	37.6
		Change (%)	-34.7	20.9	88.5	7.8	-24.8	-20.4	-31.2
Cotton fiber
	Value		27.6	32.1	68.8	69.0	58.7	76.9	67.1
		Change (%)	-34.9	16.5	114.2	0.3	-14.9	31.1	-12.7
	Volume		65.8	100.8	101.0	88.1	73.4	93.2	97.9
		Change (%)	-32.0	53.1	0.2	-12.8	-16.7	27.0	5.0
	Unit value		418.5	318.5	681.2	783.3	799.6	825.1	685.9
		Change (%)	-4.3	-23.9	113.9	15.0	2.1	3.2	-16.9
Pineapple
	Value		11.0	11.3	21.5	23.6	29.2	28.8	31.6
		Change (%)	2.7	2.8	90.1	9.6	23.9	-1.2	9.7
	Volume		118.9	125.9	143.4	149.5	170.4	174.6	186.8
		Change (%)	4.0	5.9	13.9	4.3	14.0	2.5	7.0
	Unit value		92.5	89.8	149.9	157.5	171.3	165.1	169.2
		Change (%)	-1.3	-2.9	66.9	5.1	8.8	-3.6	2.5
Bananas
	Value		14.0	18.4	32.2	41.3	44.7	39.9	40.8
		Change (%)	48.5	31.1	75.2	28.0	8.4	-10.8	2.3
	Volume		153.0	175.6	155.7	181.7	194.2	195.5	207.2
		Change (%)	34.1	14.8	-11.3	16.7	6.9	0.7	6.0
	Unit value		91.8	104.8	207.1	227.1	230.3	204.0	196.9
		Change (%)	10.8	14.2	97.6	9.7	1.4	-11.4	-3.5
Palm oil
	Value		20.2	20.7	38,8	44.1	36.0	31.3	40.9
		Change (%)	12.5	2.8	87.4	13.5	-18.3	-13.2	30.9
	Volume		175.0	210.8	163.2	135.7	111.1	86.9	92.1
		Change (%)	7.1	20.5	-22.6	-16.8	-18.1	-21.8	6.0
	Unit value		115.2	98.3	237.9	324.6	324.0	359.9	444.6
		Change (%)	5.0	-14.7	142.1	36.4	-0.2	11.1	23.5
Natural rubber
	Value		16.1	15.2	37.1	58.7	59.6	63.2	48.5
		Change (%)	0.4	-5.8	144.2	58.0	1,6	6.0	-23.2
	Volume		75.4	71.5	71.0	83.1	97.0	109.6	118.3
		Change (%)	8.5	-5.1	-0.7	17.0	16.7	13.0	8.0
	Unit value		214.0	212.5	522.9	705.9	614.6	576.6	410.2
		Change (%)	-7.4	-0.7	146.0	35.0	-12.9	-6.2	-28.9
Coconuts
	Value		2.0	2,1	4.2	4.3	4,4	4.6	5.0
		Change (%)	-1.2	5.4	102.6	2.4	2.6	3.7	8.4
	Volume		33.4	34.1	34.1	34.5	34.8	35.2	37.3
		Change (%)	0.0	2.3	0.0	1.0	1.0	1.0	6.0
	Unit value		58.9	60.7	123.0	124.7	126.6	130.0	133.0
		Change (%)	-1.2	3.0	102.6	1.4	1.6	2.7	2.3
Grains and oilseeds
	Value		1.1	1.1	2.2	2.2	2.3	2.5	2.7
		Change (%)	-1.2	3.0	102.6	2.4	2.6	7.8	8.4
	Volume		15.3	15.3	15.3	15.4	15.6	16.4	17.3
		Change (%)	0.0	0.0	0.0	1.0	1.0	5.0	6.0
	Unit value		68.8	70.8	143.5	145.5	147.7	151.7	155.2
		Change (%)	-1.2	3.0	102.6	1.4	1.6	2.7	2.3
Cocoa, transformed
	Value		51.9	43.9	73.2	70.6	95.7	120.0	162.9
		Change (%)	25.8	-15.4	66.8	-3.6	-10.2	25.4	35.8
	Volume		115.0	83.2	82.3	79.5	106.9	124.9	144.1
		Change (%)	28.8	-27.6	-1.1	-3.4	-16.6	16.9	15.3
	Unit value		451.3	527.6	889.4	887.5	894.9	960.4	1,130.5
		Change (%)	-2.3	16.9	68.6	-0.2	7.7	7.3	17.7
Coffee, processed
	Value		16.8	12.2	32.7	43.0	32.0	33.7	45.3
		Change (%)	6.5	-27.5	168.3	31.4	-22.0	5.5	.34.2
	Volume		8.0	5.7	7.5	8.3	8.4	8.9	11.6
		Change (%)	17.0	-28.6	32.3	9.4	-4.0	5,6	30.9
	Unit value		2,106.7	2,139.0	4,337.7	5,209.6	3,810.6	3,806.2	3,901.3
		Change (%)	-9.0	1.5	102.8	20.1	-18.7	-0.1	2.5
Sawn wood
	Value		61.5	67.1	166.7	179.2	141.1	152.3	119.6
		Change (%)	-4.6	9.1	148.5	7.5	-28.3	7.9	-21.5
	Volume		473.6	498.7	621.4	585.6	484.4	687.8	736.0
		Change (%)	-4.2	5.3	24.6	-5.8	-22.7	42.0	7.0
	Unit value		129.8	134.5	268.2	306.1	291.3	221.4	162.5
		Change (%)	-0.4	3.6	99.5	14.1	-7.3	-24.0	-26.6
Textiles
	Value		10.2	3.9	17.6	16.4	18.2	22.3	23.7
		Change (%)	-5.2	-61.6	349.9	-6.7	-1.5	22.5	6.3
	Volume		7.8	3.4	7:5	6.4	7.8	9.3	10.0
		Change (%)	-7.4	-56.6	120.6	-14.7	6.8	19.3	8.0
	Unit value		1,296.5	1,147.6	2,340.7	2,560.7	2,350.9	2,412.7	2,374.0
		Change (%)	2.4	-11.5	104.0	9.4	-7.7	2.6	-1.6
Pineapples, processed
	Value		0.6	0.4	0.5	0.6	1.1	1.8	1.9
		Change (%)	-28.6	-34.3	38.4	11.5	70.5	60.2	4.3
	Volume		2.3	1.7	1.5	1.4	2.0	3.4	3.6
		Change (%)	4.5	-26.1	-11.7	-8.3	27.3	71.2	6.0
	Unit value		254.0	225.8	354.1	430.2	573.3	536.5	527.9
		Change (%)	-31.7	-11.1	56.8	21.5	33.9	-6.4	-1.6
Sugar
	Value		2.2	6.2	9.0	5.5	11.1	15.6	15.9
		Change (%)	-39.2	176.3	45.0	-39.4	88.7	40.9	1,7
	Volume		16.1	39.4	35.8	33.9	57.7	69.0	73.2
		Change (%)	-53.7	144.7	-9.3	-5.2	62.0	19.6	6.0
	Unit value		139.5	157.5	251.8	161.0	192.2	226.4	217.2
		Change (%)	31.2	12.9	59.8	-36.1	16.4	17.8	-4.1
Fish products									148.6
	Value		24.2	18.6	64.0	125.7	110.7	126.0
		Change (%)	-9.1	-23.3	244.5	96.6	-9.7	13.8	18.0
	Volume		39.8	30.5	49.7	55.4	56.6	56.0	62.9
		Change (%)	-12.7	-23.4	62.9	11.6	-5.7	-1.1	12.3
	Unit value		608.2	608.8	1,287.1	2,267.9	1,954.8	2,250.0	2,362.5
		Change (%)	4.1	0.1	111.4	76.2	-4.2	15.1	5.0
Cement
	Value		8.5	8.6	18.0	16.3	18.6	18.8	21.4
		Change (%)	16.7	1.2	109.8	-9.1	-2.5	0.9	13.9
	Volume		266.8	281.7	424.5	439.2	485.8	478.7	526.6
		Change (%)	13.0	5.6	50.7	3.5	-2.1	-1.5	10.0
	Unit value		31.7	30.4	42.3	37.2	38.3	39.2	40.6
		Change (%)	3.3	-4.2	39.2	-12.2	-0.4	2.3	3.5
Crude petroleum
	Value		0.0	0.0	0.0	14.2	73.0	98.0	62.2
		Change (%)	0.0	0.0	0.0	0.0	0.0	0.0	-36.5
	Volume		0.0	0.0	0.0	248.5	831.4	985.0	1,034.3
		Change (%)	0.0	0.0	0.0	0.0	0.0	0.0	5.0
	Unit value				62.9	57.0	87.9	99.5	60.2
		Change (%)				-9.4	7.3	13.2	-39.5
Petroleum products
	Value		98.7	110.0	180.4	188.6	251.6	215.8	155.3
		Change (%)	-8.8	11.5	64.0	4.5	10.2	-14.2	-28.0
	Volume		2,197.5	2,239.2	2,087.9	2,158.6	2,864.3	2,168.6	2,277.0
		Change (%)	18.0	1.9	-6.8	3.4	27.6	-24.3	5.0
	Unit value		44,892.7	49,112.6	86,400.0	87,368.0	87,850.0	99,500.0	68,206.6
		Change (%)	-22.7	9.4	75.9	1.1	-13.6	13.3	-31.5
Other products
	Value		230.6	49.1	237.7	259.3	341.2	436.8	502.4
		Change (%)	49.8	-33.0	384.1	9.1	31.6	35.9	15.0
Total exports			779.6	713.2	1,592.8	1,906.6	2,190.2	2,378.9	2,414.1

Sources: Ivoirien authorities; and staff estimates.

Table 39.

Côte d’Ivoire: Value, Volume, and Unit Price of Major Exports, 1992-98

(Value in billions of CFA francs; volume in thousands of tons; and f.o.b. unit value in CFA francs per kilogram)

			1992	1993	1994	1995	1996	1997	1998 Est.
Coffee, beans
	Value		37.3	56.8	105.7	169.2	119.8	174.3	176.9
		Change (%)	-27.5	52.0	86.3	60.0	-29.2	45.5	1.5
	Volume		208.7	226.3	136.3	144.4	148.5	244.9	222.6
		Change (%)	5.2	8.4	-39.8	5.9	2.9	64.9	-9.1
	Unit value		178.9	250.8	775.8	1171.4	806,6	711.9	795.0
		Change (%)	-31.1	40.2	209.4	51.0	-31.1	-11.7	11.7
Cocoa, beans
	Value		202.5	223.6	454.7	549.2	720.3	707.8	735.5
		Change (%)	-2.9	10.4	103.3	20.8	31.1	-1.7	3.9
	Volume		666.6	789.4	706.9	773.6	1054.0	939.1	835.8
		Change (%)	-6.8	18.4	-10.5	9.4	36.3	-10.9	-11.0
	Unit value		303.8	283.3	643.2	710.0	683.3	753.6	880.0
		Change (%)	4.2	-6.7	127.0	10.4	-3.8	10,3	16.8
Logs
	Value		7.2	12.0	27.8	25.8	20.9	8.5	5.9
		Change (%)	-47.7	67.3	131.0	-7.3	-19.2	-59.2	-31.2
	Volume		193.9	268.4	329.0	283.0	304.5	155.9	155.9
		Change (%)	-19.9	38.4	22.6	-14.0	7.6	-48.8	0.0
	Unit value		37.1	44.9	84.6	91.2	68.5	54.6	37.6
		Change (%)	-34.7	20.9	88.5	7.8	-24.8	-20.4	-31.2
Cotton fiber
	Value		27.6	32.1	68.8	69.0	58.7	76.9	67.1
		Change (%)	-34.9	16.5	114.2	0.3	-14.9	31.1	-12.7
	Volume		65.8	100.8	101.0	88.1	73.4	93.2	97.9
		Change (%)	-32.0	53.1	0.2	-12.8	-16.7	27.0	5.0
	Unit value		418.5	318.5	681.2	783.3	799.6	825.1	685.9
		Change (%)	-4.3	-23.9	113.9	15.0	2.1	3.2	-16.9
Pineapple
	Value		11.0	11.3	21.5	23.6	29.2	28.8	31.6
		Change (%)	2.7	2.8	90.1	9.6	23.9	-1.2	9.7
	Volume		118.9	125.9	143.4	149.5	170.4	174.6	186.8
		Change (%)	4.0	5.9	13.9	4.3	14.0	2.5	7.0
	Unit value		92.5	89.8	149.9	157.5	171.3	165.1	169.2
		Change (%)	-1.3	-2.9	66.9	5.1	8.8	-3.6	2.5
Bananas
	Value		14.0	18.4	32.2	41.3	44.7	39.9	40.8
		Change (%)	48.5	31.1	75.2	28.0	8.4	-10.8	2.3
	Volume		153.0	175.6	155.7	181.7	194.2	195.5	207.2
		Change (%)	34.1	14.8	-11.3	16.7	6.9	0.7	6.0
	Unit value		91.8	104.8	207.1	227.1	230.3	204.0	196.9
		Change (%)	10.8	14.2	97.6	9.7	1.4	-11.4	-3.5
Palm oil
	Value		20.2	20.7	38,8	44.1	36.0	31.3	40.9
		Change (%)	12.5	2.8	87.4	13.5	-18.3	-13.2	30.9
	Volume		175.0	210.8	163.2	135.7	111.1	86.9	92.1
		Change (%)	7.1	20.5	-22.6	-16.8	-18.1	-21.8	6.0
	Unit value		115.2	98.3	237.9	324.6	324.0	359.9	444.6
		Change (%)	5.0	-14.7	142.1	36.4	-0.2	11.1	23.5
Natural rubber
	Value		16.1	15.2	37.1	58.7	59.6	63.2	48.5
		Change (%)	0.4	-5.8	144.2	58.0	1,6	6.0	-23.2
	Volume		75.4	71.5	71.0	83.1	97.0	109.6	118.3
		Change (%)	8.5	-5.1	-0.7	17.0	16.7	13.0	8.0
	Unit value		214.0	212.5	522.9	705.9	614.6	576.6	410.2
		Change (%)	-7.4	-0.7	146.0	35.0	-12.9	-6.2	-28.9
Coconuts
	Value		2.0	2,1	4.2	4.3	4,4	4.6	5.0
		Change (%)	-1.2	5.4	102.6	2.4	2.6	3.7	8.4
	Volume		33.4	34.1	34.1	34.5	34.8	35.2	37.3
		Change (%)	0.0	2.3	0.0	1.0	1.0	1.0	6.0
	Unit value		58.9	60.7	123.0	124.7	126.6	130.0	133.0
		Change (%)	-1.2	3.0	102.6	1.4	1.6	2.7	2.3
Grains and oilseeds
	Value		1.1	1.1	2.2	2.2	2.3	2.5	2.7
		Change (%)	-1.2	3.0	102.6	2.4	2.6	7.8	8.4
	Volume		15.3	15.3	15.3	15.4	15.6	16.4	17.3
		Change (%)	0.0	0.0	0.0	1.0	1.0	5.0	6.0
	Unit value		68.8	70.8	143.5	145.5	147.7	151.7	155.2
		Change (%)	-1.2	3.0	102.6	1.4	1.6	2.7	2.3
Cocoa, transformed
	Value		51.9	43.9	73.2	70.6	95.7	120.0	162.9
		Change (%)	25.8	-15.4	66.8	-3.6	-10.2	25.4	35.8
	Volume		115.0	83.2	82.3	79.5	106.9	124.9	144.1
		Change (%)	28.8	-27.6	-1.1	-3.4	-16.6	16.9	15.3
	Unit value		451.3	527.6	889.4	887.5	894.9	960.4	1,130.5
		Change (%)	-2.3	16.9	68.6	-0.2	7.7	7.3	17.7
Coffee, processed
	Value		16.8	12.2	32.7	43.0	32.0	33.7	45.3
		Change (%)	6.5	-27.5	168.3	31.4	-22.0	5.5	.34.2
	Volume		8.0	5.7	7.5	8.3	8.4	8.9	11.6
		Change (%)	17.0	-28.6	32.3	9.4	-4.0	5,6	30.9
	Unit value		2,106.7	2,139.0	4,337.7	5,209.6	3,810.6	3,806.2	3,901.3
		Change (%)	-9.0	1.5	102.8	20.1	-18.7	-0.1	2.5
Sawn wood
	Value		61.5	67.1	166.7	179.2	141.1	152.3	119.6
		Change (%)	-4.6	9.1	148.5	7.5	-28.3	7.9	-21.5
	Volume		473.6	498.7	621.4	585.6	484.4	687.8	736.0
		Change (%)	-4.2	5.3	24.6	-5.8	-22.7	42.0	7.0
	Unit value		129.8	134.5	268.2	306.1	291.3	221.4	162.5
		Change (%)	-0.4	3.6	99.5	14.1	-7.3	-24.0	-26.6
Textiles
	Value		10.2	3.9	17.6	16.4	18.2	22.3	23.7
		Change (%)	-5.2	-61.6	349.9	-6.7	-1.5	22.5	6.3
	Volume		7.8	3.4	7:5	6.4	7.8	9.3	10.0
		Change (%)	-7.4	-56.6	120.6	-14.7	6.8	19.3	8.0
	Unit value		1,296.5	1,147.6	2,340.7	2,560.7	2,350.9	2,412.7	2,374.0
		Change (%)	2.4	-11.5	104.0	9.4	-7.7	2.6	-1.6
Pineapples, processed
	Value		0.6	0.4	0.5	0.6	1.1	1.8	1.9
		Change (%)	-28.6	-34.3	38.4	11.5	70.5	60.2	4.3
	Volume		2.3	1.7	1.5	1.4	2.0	3.4	3.6
		Change (%)	4.5	-26.1	-11.7	-8.3	27.3	71.2	6.0
	Unit value		254.0	225.8	354.1	430.2	573.3	536.5	527.9
		Change (%)	-31.7	-11.1	56.8	21.5	33.9	-6.4	-1.6
Sugar
	Value		2.2	6.2	9.0	5.5	11.1	15.6	15.9
		Change (%)	-39.2	176.3	45.0	-39.4	88.7	40.9	1,7
	Volume		16.1	39.4	35.8	33.9	57.7	69.0	73.2
		Change (%)	-53.7	144.7	-9.3	-5.2	62.0	19.6	6.0
	Unit value		139.5	157.5	251.8	161.0	192.2	226.4	217.2
		Change (%)	31.2	12.9	59.8	-36.1	16.4	17.8	-4.1
Fish products									148.6
	Value		24.2	18.6	64.0	125.7	110.7	126.0
		Change (%)	-9.1	-23.3	244.5	96.6	-9.7	13.8	18.0
	Volume		39.8	30.5	49.7	55.4	56.6	56.0	62.9
		Change (%)	-12.7	-23.4	62.9	11.6	-5.7	-1.1	12.3
	Unit value		608.2	608.8	1,287.1	2,267.9	1,954.8	2,250.0	2,362.5
		Change (%)	4.1	0.1	111.4	76.2	-4.2	15.1	5.0
Cement
	Value		8.5	8.6	18.0	16.3	18.6	18.8	21.4
		Change (%)	16.7	1.2	109.8	-9.1	-2.5	0.9	13.9
	Volume		266.8	281.7	424.5	439.2	485.8	478.7	526.6
		Change (%)	13.0	5.6	50.7	3.5	-2.1	-1.5	10.0
	Unit value		31.7	30.4	42.3	37.2	38.3	39.2	40.6
		Change (%)	3.3	-4.2	39.2	-12.2	-0.4	2.3	3.5
Crude petroleum
	Value		0.0	0.0	0.0	14.2	73.0	98.0	62.2
		Change (%)	0.0	0.0	0.0	0.0	0.0	0.0	-36.5
	Volume		0.0	0.0	0.0	248.5	831.4	985.0	1,034.3
		Change (%)	0.0	0.0	0.0	0.0	0.0	0.0	5.0
	Unit value				62.9	57.0	87.9	99.5	60.2
		Change (%)				-9.4	7.3	13.2	-39.5
Petroleum products
	Value		98.7	110.0	180.4	188.6	251.6	215.8	155.3
		Change (%)	-8.8	11.5	64.0	4.5	10.2	-14.2	-28.0
	Volume		2,197.5	2,239.2	2,087.9	2,158.6	2,864.3	2,168.6	2,277.0
		Change (%)	18.0	1.9	-6.8	3.4	27.6	-24.3	5.0
	Unit value		44,892.7	49,112.6	86,400.0	87,368.0	87,850.0	99,500.0	68,206.6
		Change (%)	-22.7	9.4	75.9	1.1	-13.6	13.3	-31.5
Other products
	Value		230.6	49.1	237.7	259.3	341.2	436.8	502.4
		Change (%)	49.8	-33.0	384.1	9.1	31.6	35.9	15.0
Total exports			779.6	713.2	1,592.8	1,906.6	2,190.2	2,378.9	2,414.1

Sources: Ivoirien authorities; and staff estimates.

Table 40.

Côte d’Ivoire: Direction of Exports, f.o.b., 1992-98

(In percent of total)

Sources: IMF,Direction of Trade Statistics; and Ivoirien authorities.

Table 40.

Côte d’Ivoire: Direction of Exports, f.o.b., 1992-98

(In percent of total)

			1992	1993	1994	1995	1996	1997	1998 Est.
Total			100.0	100.0	100.0	100.0	100.0	100.0	100.0
Europe			56.0	60.6	62.4	65.6	60.5	58.0	55.0
	European Union		53.6	57.0	60.0	61.7	56.2	53,3	50.9
	*Of which*
		Belgium-Luxembourg	4.1	3.5	4.2	2.9	2.8	4.2	2.5
		France	17.9	16.5	17.6	20.0	16.9	17.3	17.1
		Germany	5.3	6.1	7.1	5.6	5.0	4.8	4.9
		Italy	5.4	6.0	7.4	8.2	5.7	5.3	5.9
		Netherlands	14.1	17.4	14.3	14.3	16.7	13.2	12.2
		Spain	2.5	3.2	4.0	4.3	4.0	4.0	3.7
		United Kingdom	3.0	2.7	2.8	3.8	2.9	2.6	2.4
	Other
Africa			32.4	26.6	26.2	23.1	23.5	27.2	28.6
	*Of which*: West African Economic and		14.3	11.6	11.0	10.6	11.3	12.8	13.2
		Monetary Union (WAEMU)
	Algeria		0.0	0.5	0.1	0.1	0.2	0.5	0.8
	Benin		0.8	0.6	1-0	1.0	0.9	1.2	1.2
	Burkina Faso		4.6	3.3	3.0	2.5	2.4	3.0	3.6
	Cameroon		0.4	0.3	0.4	0.4	0.6	1.2	0.8
	Ghana		2.1	2.1	2.1	2.4	2.9	3.7	5.7
	Mali		4.1	4.1	3.8	4.0	4.3	4.9	4.8
	Morocco		0.6	0.8	0.8	0.7	0.5	0.6	0.5
	Niger		0.9	1.0	0.9	0.8	0.8	1.0	1.1
	Nigeria
	Senegal		3.0	1.8	1.5	1.2	1.3	1.1	1.1
	Togo		1.0	0.7	0.8	1.0	1.6	1.6	1.4
	Tunisia		0.6	0.6	0.6	0.5	0.4	0.3	0.4
	Other countries		14.5	10.6	11.2	8.4	7.7	8.0	7.1
Asia			4.5	5.3	5.6	5.5	4.3	4.3	4.7
	China, People’s Republic of		0.1	0.1	0.1	0.2	0.4	0.5	0.5
	Indonesia		0.7	0.6	0.7	0.6	0.6	0.6	0.5
	Japan		0.5	0.8	0.6	0.5	0.2	0.3	0.3
	Singapore		0.1	0.1	0.1	0.1	0.1	0.1	0.5
	Taiwan Province of China		0.8	1.1	1.1	0.8	0.5	0.6	1.3
	Other countries		2.3	2.6	3.1	3.3	2.5	2.4	1.6
Western Hemisphere			4.7	6.2	4.6	5.0	10.6	9.7	10.9
	Brazil		0.1	0.1	0.2	0.1	0.0	0.3	0.4
	Canada		0.0	0.1	0.0	0.1	0.2	0.2	0.6
	United States		4.1	5.7	4.0	4.3	8.2	7.5	9.0
	Other countries		0.4	0.4	0.3	0.6	2.2	1.7	0.8
Other countries or areas			2.4	1.3	1.2	0.9	0.9	0.7	0.9

Sources: IMF,Direction of Trade Statistics; and Ivoirien authorities.

Table 40.

Côte d’Ivoire: Direction of Exports, f.o.b., 1992-98

(In percent of total)

			1992	1993	1994	1995	1996	1997	1998 Est.
Total			100.0	100.0	100.0	100.0	100.0	100.0	100.0
Europe			56.0	60.6	62.4	65.6	60.5	58.0	55.0
	European Union		53.6	57.0	60.0	61.7	56.2	53,3	50.9
	*Of which*
		Belgium-Luxembourg	4.1	3.5	4.2	2.9	2.8	4.2	2.5
		France	17.9	16.5	17.6	20.0	16.9	17.3	17.1
		Germany	5.3	6.1	7.1	5.6	5.0	4.8	4.9
		Italy	5.4	6.0	7.4	8.2	5.7	5.3	5.9
		Netherlands	14.1	17.4	14.3	14.3	16.7	13.2	12.2
		Spain	2.5	3.2	4.0	4.3	4.0	4.0	3.7
		United Kingdom	3.0	2.7	2.8	3.8	2.9	2.6	2.4
	Other
Africa			32.4	26.6	26.2	23.1	23.5	27.2	28.6
	*Of which*: West African Economic and		14.3	11.6	11.0	10.6	11.3	12.8	13.2
		Monetary Union (WAEMU)
	Algeria		0.0	0.5	0.1	0.1	0.2	0.5	0.8
	Benin		0.8	0.6	1-0	1.0	0.9	1.2	1.2
	Burkina Faso		4.6	3.3	3.0	2.5	2.4	3.0	3.6
	Cameroon		0.4	0.3	0.4	0.4	0.6	1.2	0.8
	Ghana		2.1	2.1	2.1	2.4	2.9	3.7	5.7
	Mali		4.1	4.1	3.8	4.0	4.3	4.9	4.8
	Morocco		0.6	0.8	0.8	0.7	0.5	0.6	0.5
	Niger		0.9	1.0	0.9	0.8	0.8	1.0	1.1
	Nigeria
	Senegal		3.0	1.8	1.5	1.2	1.3	1.1	1.1
	Togo		1.0	0.7	0.8	1.0	1.6	1.6	1.4
	Tunisia		0.6	0.6	0.6	0.5	0.4	0.3	0.4
	Other countries		14.5	10.6	11.2	8.4	7.7	8.0	7.1
Asia			4.5	5.3	5.6	5.5	4.3	4.3	4.7
	China, People’s Republic of		0.1	0.1	0.1	0.2	0.4	0.5	0.5
	Indonesia		0.7	0.6	0.7	0.6	0.6	0.6	0.5
	Japan		0.5	0.8	0.6	0.5	0.2	0.3	0.3
	Singapore		0.1	0.1	0.1	0.1	0.1	0.1	0.5
	Taiwan Province of China		0.8	1.1	1.1	0.8	0.5	0.6	1.3
	Other countries		2.3	2.6	3.1	3.3	2.5	2.4	1.6
Western Hemisphere			4.7	6.2	4.6	5.0	10.6	9.7	10.9
	Brazil		0.1	0.1	0.2	0.1	0.0	0.3	0.4
	Canada		0.0	0.1	0.0	0.1	0.2	0.2	0.6
	United States		4.1	5.7	4.0	4.3	8.2	7.5	9.0
	Other countries		0.4	0.4	0.3	0.6	2.2	1.7	0.8
Other countries or areas			2.4	1.3	1.2	0.9	0.9	0.7	0.9

Sources: IMF,Direction of Trade Statistics; and Ivoirien authorities.

Table 41.

Côte d’Ivoire: Merchandise Imports, c.i.f., 1992-98^1/

(In billions of CFA francs)

Sources: Direction des Douanes; and Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Not on a balance of payments basis.

^{^2/}Consists of imports under the classification numbers 02; 04; 10; 11; 16; 17; 20; 21; 22; and 24.

^{^3/}Includes imports under the classification numbers 30; 39; 49; 55; and 87.02.01 to 19.

^{^4/}Imports of personal vehicles under the classification numbers 87.02.01 to 19.

^{^5/}Includes imports under the classification numbers 25; 27; 31; 40; and 76.

^{^6/}Includes imports under the classification numbers 73; 84; 85; 86; 87 (excluding 87.02.01 to 19); 88; 89; and 90.

^{^7/}Consists of imports under the classification numbers 87; 88; and 89.

Table 41.

Côte d’Ivoire: Merchandise Imports, c.i.f., 1992-98^1/

(In billions of CFA francs)

		1992	1993	1994	1995	1996	1997	1998
Foodstuffs, beverages, and tobacco^2/		113.0	123.8	178.0	263.3	256.1	311.3	369.1
	Dairy products	15.0	16.5	15.6	22.6	27.8	28.1	32.3
	Fruits and vegetables, fresh	6.0	4.0	3.6	5.3	6.6	9.6	10.5
	Fish and shellfish, fresh	28.0	31.7	56.9	72.1	75.2	90.5	112.6
	Cereals	32.1	42,6	60.4	96.4	81.5	104.4	119.0
	*Of which*: rice	21.9	27.9	42.0	52.6	44.7	64.6	81.9
	wheat	8.6	8.8	18.1	29.2	25.8	29.7	35.3
	Sugar	2.6	2.7	5.3	12.5	5.5	9.9	19.1
	Beverages	3.7	3.3	5.2	8,2	8.4	9.7	10.9
	Tobacco	1.8	2.3	3.5	7.5	9.3	10.6	12.3
	Other products	23.8	20.8	27.5	38.7	41.7	48.5	52.4
Other consumer goods^3/		124.1	119.5	210.0	311.5	305.7	346.4	379.9
	Cloth	0.6	0.9	1.4	1.7	1.3	1.3	1.0
	Pharmaceutical products	34.3	33.1	45.2	61.9	61.2	63.3	67.6
	Paper and stationery	8.2	7.8	10.1	12.8	13.7	15.6	16.1
	Plastic products	19.9	19.1	44.2	65.1	60,9	73.1	84.9
	Automobile^4/	18.7	12.9	22.6	50.7	56.3	59.4	55.0
	Other	42.5	45.8	86.4	119.3	112.3	133.8	155.3
Raw materials and semifinished products^5/		224.0	206.3	383.7	469.4	556.8	547.3	542.6
	Rubber products	7.5	6.9	15.4	25.0	22.0	25.4	27.5
	Petroleum products	135.2	130.1	220.0	234.5	333.1	296.1	262.1
	*Of which*: crude oil	115.8	113.3	184.0	185.5	242.5	254.1	195.0
	Chemical products	15.7	13.8	29.2	37.1	40.9	45.5	45.2
	Cotton	14.9	14.8	20.8	32.6	28.2	26.7	27.6
	Other metal products	3.4	3.2	5.9	10.3	10.7	12.3	14.7
	Fertilizers	8.2	4.6	17.7	24.2	22.1	30.9	41.5
	Construction materials	11.0	8.7	23.7	29.1	30.4	35.7	36.6
	*Of which*: clinker	8.7	6.8	19.6	23.8	25.5	29.9	29.6
	Paper and boards	18.0	15.7	30.8	52.2	41.8	43.6	48.0
	Other	9.9	8.6	20.3	24.3	27.6	31.2	39.5
Capital goods^6/		113.1	96.8	209.6	331.9	324.8	393.0	472.9
	Mechanical	41.0	34.8	68.9	116.1	119.0	156.2	160.6
	Electrical	12.9	18.8	41.4	56.4	55.7	75.7	116.9
	Transportation material^7/	31.5	16.4	42.3	76.6	68.1	66.2	80.9
	Precision instruments	5.4	4.9	10.8	16.1	20.2	23.7	18.0
	Iron and steel products	22.3	21.8	45.2	66.3	61.6	69.9	94.6
	Other	0.0	0.0	0.9	0.3	0.2	1.3	2.0
Total (customs basis), c.i.f.		574.3	546.3	981.3	1,376.0	1,443,4	1,598.1	1,764.6
Memorandum item:
	Imports (balance-of-payments basis), f.o.b	525.1	505.2	892.8	1,225.8	1,413.4	1,601.9	1,629.3

Sources: Direction des Douanes; and Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Not on a balance of payments basis.

^{^2/}Consists of imports under the classification numbers 02; 04; 10; 11; 16; 17; 20; 21; 22; and 24.

^{^3/}Includes imports under the classification numbers 30; 39; 49; 55; and 87.02.01 to 19.

^{^4/}Imports of personal vehicles under the classification numbers 87.02.01 to 19.

^{^5/}Includes imports under the classification numbers 25; 27; 31; 40; and 76.

^{^6/}Includes imports under the classification numbers 73; 84; 85; 86; 87 (excluding 87.02.01 to 19); 88; 89; and 90.

^{^7/}Consists of imports under the classification numbers 87; 88; and 89.

Table 41.

Côte d’Ivoire: Merchandise Imports, c.i.f., 1992-98^1/

(In billions of CFA francs)

		1992	1993	1994	1995	1996	1997	1998
Foodstuffs, beverages, and tobacco^2/		113.0	123.8	178.0	263.3	256.1	311.3	369.1
	Dairy products	15.0	16.5	15.6	22.6	27.8	28.1	32.3
	Fruits and vegetables, fresh	6.0	4.0	3.6	5.3	6.6	9.6	10.5
	Fish and shellfish, fresh	28.0	31.7	56.9	72.1	75.2	90.5	112.6
	Cereals	32.1	42,6	60.4	96.4	81.5	104.4	119.0
	*Of which*: rice	21.9	27.9	42.0	52.6	44.7	64.6	81.9
	wheat	8.6	8.8	18.1	29.2	25.8	29.7	35.3
	Sugar	2.6	2.7	5.3	12.5	5.5	9.9	19.1
	Beverages	3.7	3.3	5.2	8,2	8.4	9.7	10.9
	Tobacco	1.8	2.3	3.5	7.5	9.3	10.6	12.3
	Other products	23.8	20.8	27.5	38.7	41.7	48.5	52.4
Other consumer goods^3/		124.1	119.5	210.0	311.5	305.7	346.4	379.9
	Cloth	0.6	0.9	1.4	1.7	1.3	1.3	1.0
	Pharmaceutical products	34.3	33.1	45.2	61.9	61.2	63.3	67.6
	Paper and stationery	8.2	7.8	10.1	12.8	13.7	15.6	16.1
	Plastic products	19.9	19.1	44.2	65.1	60,9	73.1	84.9
	Automobile^4/	18.7	12.9	22.6	50.7	56.3	59.4	55.0
	Other	42.5	45.8	86.4	119.3	112.3	133.8	155.3
Raw materials and semifinished products^5/		224.0	206.3	383.7	469.4	556.8	547.3	542.6
	Rubber products	7.5	6.9	15.4	25.0	22.0	25.4	27.5
	Petroleum products	135.2	130.1	220.0	234.5	333.1	296.1	262.1
	*Of which*: crude oil	115.8	113.3	184.0	185.5	242.5	254.1	195.0
	Chemical products	15.7	13.8	29.2	37.1	40.9	45.5	45.2
	Cotton	14.9	14.8	20.8	32.6	28.2	26.7	27.6
	Other metal products	3.4	3.2	5.9	10.3	10.7	12.3	14.7
	Fertilizers	8.2	4.6	17.7	24.2	22.1	30.9	41.5
	Construction materials	11.0	8.7	23.7	29.1	30.4	35.7	36.6
	*Of which*: clinker	8.7	6.8	19.6	23.8	25.5	29.9	29.6
	Paper and boards	18.0	15.7	30.8	52.2	41.8	43.6	48.0
	Other	9.9	8.6	20.3	24.3	27.6	31.2	39.5
Capital goods^6/		113.1	96.8	209.6	331.9	324.8	393.0	472.9
	Mechanical	41.0	34.8	68.9	116.1	119.0	156.2	160.6
	Electrical	12.9	18.8	41.4	56.4	55.7	75.7	116.9
	Transportation material^7/	31.5	16.4	42.3	76.6	68.1	66.2	80.9
	Precision instruments	5.4	4.9	10.8	16.1	20.2	23.7	18.0
	Iron and steel products	22.3	21.8	45.2	66.3	61.6	69.9	94.6
	Other	0.0	0.0	0.9	0.3	0.2	1.3	2.0
Total (customs basis), c.i.f.		574.3	546.3	981.3	1,376.0	1,443,4	1,598.1	1,764.6
Memorandum item:
	Imports (balance-of-payments basis), f.o.b	525.1	505.2	892.8	1,225.8	1,413.4	1,601.9	1,629.3

Sources: Direction des Douanes; and Banque Centrale des États de l’Afrique de l’Ouest (BCEAO).

^{^1/}Not on a balance of payments basis.

^{^2/}Consists of imports under the classification numbers 02; 04; 10; 11; 16; 17; 20; 21; 22; and 24.

^{^3/}Includes imports under the classification numbers 30; 39; 49; 55; and 87.02.01 to 19.

^{^4/}Imports of personal vehicles under the classification numbers 87.02.01 to 19.

^{^5/}Includes imports under the classification numbers 25; 27; 31; 40; and 76.

^{^6/}Includes imports under the classification numbers 73; 84; 85; 86; 87 (excluding 87.02.01 to 19); 88; 89; and 90.

^{^7/}Consists of imports under the classification numbers 87; 88; and 89.

Table 42.

Côte d’Ivoire: Origin of Imports, c.i.f., 1992-98

(In percent of total)

Sources: IMF,Direction of Trade Statistics; and Ivoirien authorities.

Table 42.

Côte d’Ivoire: Origin of Imports, c.i.f., 1992-98

(In percent of total)

			1992	1993	1994	1995	1996	1997	1998
Total			100.0	100.0	100.0	100.0	100.0	100.0	100.0
	Europe		54.1	53.9	55.9	59.1	53.5	55.9	59.7
	European Union		51.0	50.7	51.9	54.8	49.9	50.7	53.7
		*Of which*
		B elgium-Luxembourg	2.7	2.7	3.0	3.0	3.0	3.3	3.1
		France	32.1	30.6	30.9	31.6	25.1	26.7	28.6
		Germany	3.7	2.9	3.8	4.8	5.7	4.7	4.6
		Italy	2.9	3.0	3.2	4.3	4.7	4.3	5.2
		Netherlands	3.5	3.6	3.1	3.2	3.4	3.7	3.7
		Spain	2.3	3.5	3.5	3.5	2.8	3.2	3.6
		United Kingdom	2.1	2.4	2.1	2.3	2,9	2.9	2.7
	Other European countries		3.1	3.2	4.0	4.3	3.6	5.2	6.0
		Africa	22.4	24.9	21.5	17.8	23.3	19.7	15,5
	*Of which:* WAEMU
		Algeria	0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Benin	0.1	0.2	0,0	0.0	0.0	0.0	0.0
		Burkina Faso	0.0	0.1	0,0	0.0	0.0	0.0	0.0
		Cameroon	0.1	0.2	0.2	0.6	0.5	0.3	0.5
		Ghana	0.0	0.1	0.2	0.3	0.2	0.0	0.1
		Mali	0.4	0.4	0.1	0.1	0.2	0.1	0.1
		Mauritania
		Morocco	0.2	0.4	0.3	0.6	0.4	0.4	0.5
		Niger	0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Nigeria	0.8	0.9	0.7	0.7	0.8	0.7	0.9
		Senegal	0.0	0.0	0.0	0.0	0.1	0.1	0.0
		Togo	0.2	0.3	0.2	0.2	0.3	0.2	0.4
		Other countries	20.4	22.3	19.8	15.3	20.8	17.9	13.1
	Asia		9.5	11.4	11.9	13.8	13.4	8.5	7.0
		China, People’s Republic of	2.3	3.2	2.2	1,9	1.8	2.4	2.2
		Japan	3.8	3.7	5.3	4.4	4.1	4.3	3,4
		Pakistan	0.1	0.1	0.1	0.1	0.1	1.1	0.6
		Taiwan Province of China	2.8	3.3	3.6	6.4	6.6	0.4	0.4
		Singapore	0,5	0.9	0.5	0.7	0.5	0.1	0.1
		Indonesia	0.1	0.1	0.1	0.2	0.2	0.2	0.3
		Other countries	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Western Hemisphere		13.7	9.5	10.4	9.0	9.6	8.3	7.4
		Brazil	1.8	1.6	2.2	1.3	1.1	0.8	1.2
		Canada	0.5	0.4	0.5	0.6	0.6	0.4	0.3
		United States	4.0	5.3	6.8	5.6	5.9	6.1	5.0
		Other countries	7.4	2.2	1.0	1.4	2.0	1.1	1.0
	Other countries or areas		0.3	0.4	0.4	0.3	0.3	7.6	10.3

Sources: IMF,Direction of Trade Statistics; and Ivoirien authorities.

Table 42.

Côte d’Ivoire: Origin of Imports, c.i.f., 1992-98

(In percent of total)

			1992	1993	1994	1995	1996	1997	1998
Total			100.0	100.0	100.0	100.0	100.0	100.0	100.0
	Europe		54.1	53.9	55.9	59.1	53.5	55.9	59.7
	European Union		51.0	50.7	51.9	54.8	49.9	50.7	53.7
		*Of which*
		B elgium-Luxembourg	2.7	2.7	3.0	3.0	3.0	3.3	3.1
		France	32.1	30.6	30.9	31.6	25.1	26.7	28.6
		Germany	3.7	2.9	3.8	4.8	5.7	4.7	4.6
		Italy	2.9	3.0	3.2	4.3	4.7	4.3	5.2
		Netherlands	3.5	3.6	3.1	3.2	3.4	3.7	3.7
		Spain	2.3	3.5	3.5	3.5	2.8	3.2	3.6
		United Kingdom	2.1	2.4	2.1	2.3	2,9	2.9	2.7
	Other European countries		3.1	3.2	4.0	4.3	3.6	5.2	6.0
		Africa	22.4	24.9	21.5	17.8	23.3	19.7	15,5
	*Of which:* WAEMU
		Algeria	0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Benin	0.1	0.2	0,0	0.0	0.0	0.0	0.0
		Burkina Faso	0.0	0.1	0,0	0.0	0.0	0.0	0.0
		Cameroon	0.1	0.2	0.2	0.6	0.5	0.3	0.5
		Ghana	0.0	0.1	0.2	0.3	0.2	0.0	0.1
		Mali	0.4	0.4	0.1	0.1	0.2	0.1	0.1
		Mauritania
		Morocco	0.2	0.4	0.3	0.6	0.4	0.4	0.5
		Niger	0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Nigeria	0.8	0.9	0.7	0.7	0.8	0.7	0.9
		Senegal	0.0	0.0	0.0	0.0	0.1	0.1	0.0
		Togo	0.2	0.3	0.2	0.2	0.3	0.2	0.4
		Other countries	20.4	22.3	19.8	15.3	20.8	17.9	13.1
	Asia		9.5	11.4	11.9	13.8	13.4	8.5	7.0
		China, People’s Republic of	2.3	3.2	2.2	1,9	1.8	2.4	2.2
		Japan	3.8	3.7	5.3	4.4	4.1	4.3	3,4
		Pakistan	0.1	0.1	0.1	0.1	0.1	1.1	0.6
		Taiwan Province of China	2.8	3.3	3.6	6.4	6.6	0.4	0.4
		Singapore	0,5	0.9	0.5	0.7	0.5	0.1	0.1
		Indonesia	0.1	0.1	0.1	0.2	0.2	0.2	0.3
		Other countries	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Western Hemisphere		13.7	9.5	10.4	9.0	9.6	8.3	7.4
		Brazil	1.8	1.6	2.2	1.3	1.1	0.8	1.2
		Canada	0.5	0.4	0.5	0.6	0.6	0.4	0.3
		United States	4.0	5.3	6.8	5.6	5.9	6.1	5.0
		Other countries	7.4	2.2	1.0	1.4	2.0	1.1	1.0
	Other countries or areas		0.3	0.4	0.4	0.3	0.3	7.6	10.3

Sources: IMF,Direction of Trade Statistics; and Ivoirien authorities.

Table 43.

Côte d’Ivoire: External Trade Indices, 1992-98

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Trade data in terms of CFA francs; balance of payments basis.

Table 43.

Côte d’Ivoire: External Trade Indices, 1992-98

		1992	1993	1994	1995	1996	1997	1998 Est.
				(Index 1985=100)
Merchandise exports, f.o.b.
	Value index^1/	60.0	54,9	122.7	146.8	168.7	183.2	185.9
	Volume index	143.0	128.4	139.4	146.5	178.7	186.5	189.9
	Unit value index^1/	42.0	42.7	87.9	100.2	94.4	98.1	97.8
Merchandise imports, f.o.b.
	Value index^1/	74.3	71.5	126.3	174.7	199.8	226.4	230.2
	Volume index	116.0	106.7	102.8	144.6	154.2	161.7	169.5
	Unit value index^1/	64.1	67.0	122.9	120.8	129.8	140.2	136.1
Terms of trade index		65.5	63.8	71.5	82.9	72.7	70.0	71.9
				(Annual percentage change)
Merchandise exports, f.o.b.
	Value index^1/	2.2	-8.5	123.3	19.7	14.9	8.6	1.5
	Volume index	7.5	-10.2	8.5	6.0	22.0	4.4	1.8
	Unit value index^1/	-5.0	1.8	105.8	13.9	-5.8	4.0	-0.3
Merchandise imports, f.o.b.
	Value index^1/	2.0	-3.8	76.7	38.3	14.4	13.3	1.7
	Volume index	6.8	-8.0	-3.7	40.7	6.6	4.9	4.8
	Unit value index^1/	-4.5	4.6	83,5	-1.7	7.4	8.0	-2.9
Terms of trade index		0.5	-2.7	12.2	14.9	-12.3	-3.7	2.7
				(In percent of GDP)
Merchandise exports, f.o.b.		26.4	24.2	37.4	38.2	40.0	39.8	37.2
Merchandise imports, c.i.f.		17.8	17.1	21.0	24.6	25.8	26.8	25.1

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Trade data in terms of CFA francs; balance of payments basis.

Table 43.

Côte d’Ivoire: External Trade Indices, 1992-98

		1992	1993	1994	1995	1996	1997	1998 Est.
				(Index 1985=100)
Merchandise exports, f.o.b.
	Value index^1/	60.0	54,9	122.7	146.8	168.7	183.2	185.9
	Volume index	143.0	128.4	139.4	146.5	178.7	186.5	189.9
	Unit value index^1/	42.0	42.7	87.9	100.2	94.4	98.1	97.8
Merchandise imports, f.o.b.
	Value index^1/	74.3	71.5	126.3	174.7	199.8	226.4	230.2
	Volume index	116.0	106.7	102.8	144.6	154.2	161.7	169.5
	Unit value index^1/	64.1	67.0	122.9	120.8	129.8	140.2	136.1
Terms of trade index		65.5	63.8	71.5	82.9	72.7	70.0	71.9
				(Annual percentage change)
Merchandise exports, f.o.b.
	Value index^1/	2.2	-8.5	123.3	19.7	14.9	8.6	1.5
	Volume index	7.5	-10.2	8.5	6.0	22.0	4.4	1.8
	Unit value index^1/	-5.0	1.8	105.8	13.9	-5.8	4.0	-0.3
Merchandise imports, f.o.b.
	Value index^1/	2.0	-3.8	76.7	38.3	14.4	13.3	1.7
	Volume index	6.8	-8.0	-3.7	40.7	6.6	4.9	4.8
	Unit value index^1/	-4.5	4.6	83,5	-1.7	7.4	8.0	-2.9
Terms of trade index		0.5	-2.7	12.2	14.9	-12.3	-3.7	2.7
				(In percent of GDP)
Merchandise exports, f.o.b.		26.4	24.2	37.4	38.2	40.0	39.8	37.2
Merchandise imports, c.i.f.		17.8	17.1	21.0	24.6	25.8	26.8	25.1

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Trade data in terms of CFA francs; balance of payments basis.

Table 44.

Côte d’Ivoire: Services and Transfers, 1992-98

(In billions of CFA francs)

Sources: Ivoirien authorities; and staff estimates.

Table 44.

Côte d’Ivoire: Services and Transfers, 1992-98

(In billions of CFA francs)

		1992	1993	1994	1995	1996	1997	1998 Est.
Services, net		-506.9	-484.4	-612.0	-772.0	-823.0	-846.7	-838.8
Credit		214.5	219.0	297.6	405.6	396.0	432.7	481.7
	Freight and insurance	35.4	35.1	58.0	21.2	24.4	26.5	26.9
	Other transportation	42.7	46.5	55.7	78.1	85.7	93.6	105.1
	Travel	22.2	17.9	28.7	44.3	48.6	53.1	59.6
	Investment income	9.0	11.3	19.8	19.4	21.3	23.2	25.2
Other government		52.9	54.7	66.0	93.6	72.0	78.7	85.4
	Other services	52.3	53.5	69.4	149.1	144.1	157.5	179.4
	Debit	-721.4	-703.4	-909.6	-1177.6	-1219.0	-1279.4	-1320.5
	Freight and insurance	-87.2	-85.7	-140.4	-225.8	-244.8	-274.3	-282.2
	Other transportation	-59.8	-66.5	-77.5	-88.9	-97.6	-102.5	-108.9
	Travel	-49.5	-47.7	-65.3	-94.6	-108.8	-114.2	-121.4
	Investment income	-294.4	-311.7	-426.6	-487.3	-464.8	-466.5	-459.0
	Of whichInterest on government debt	(-193.1)	(-208.5)	(-289.6)	(-301.7)	(-286.5)	(-264.6)	(-251.7)
	Other government	-33.9	-33.4	-60.3	-70.5	-64.6	-67.8	-73.6
	Other services	-196.6	-158.4	-139.5	-210.6	-238.4	-254.1	-275.3
	Transfers, net	-82.9	-46.4	-131.2	-197.7	-214.1	-216.3	-236.2
	Public transfers	17.5	40.0	12.7	21.4	26.4	27.2	27.9
	Credit	53.5	67.0	49.7	58.4	63.4	64.2	64.9
	Debit	-36,0	-27.0	-37.0	-37.0	-37.0	-37.0	-37.0
	Private transfers	-100.4	-86.4	-143.9	-219.1	-240.5	-243.6	-264.1
	Credit	15.0	15.0	29.6	26.3	28.9	33.2	36.0
	Debit	-115.4	-101.4	-173.5	-245.5	-269.4	-276.7	-300.1
	Memorandum items:
	Freight and insurance (as percentage
	of imports, c.i.f.)	15.2	15.7	14.3	16.4	17.0	17.2	16.0
Services, net (as percent of GDP)		17.2	16.4	14.4	15.5	15.0	14.1	12.9
Transfers, net (as percent of GDP)		2.8	1.6	3.1	4.0	3.9	3.6	3.6

Sources: Ivoirien authorities; and staff estimates.

Table 44.

Côte d’Ivoire: Services and Transfers, 1992-98

(In billions of CFA francs)

		1992	1993	1994	1995	1996	1997	1998 Est.
Services, net		-506.9	-484.4	-612.0	-772.0	-823.0	-846.7	-838.8
Credit		214.5	219.0	297.6	405.6	396.0	432.7	481.7
	Freight and insurance	35.4	35.1	58.0	21.2	24.4	26.5	26.9
	Other transportation	42.7	46.5	55.7	78.1	85.7	93.6	105.1
	Travel	22.2	17.9	28.7	44.3	48.6	53.1	59.6
	Investment income	9.0	11.3	19.8	19.4	21.3	23.2	25.2
Other government		52.9	54.7	66.0	93.6	72.0	78.7	85.4
	Other services	52.3	53.5	69.4	149.1	144.1	157.5	179.4
	Debit	-721.4	-703.4	-909.6	-1177.6	-1219.0	-1279.4	-1320.5
	Freight and insurance	-87.2	-85.7	-140.4	-225.8	-244.8	-274.3	-282.2
	Other transportation	-59.8	-66.5	-77.5	-88.9	-97.6	-102.5	-108.9
	Travel	-49.5	-47.7	-65.3	-94.6	-108.8	-114.2	-121.4
	Investment income	-294.4	-311.7	-426.6	-487.3	-464.8	-466.5	-459.0
	Of whichInterest on government debt	(-193.1)	(-208.5)	(-289.6)	(-301.7)	(-286.5)	(-264.6)	(-251.7)
	Other government	-33.9	-33.4	-60.3	-70.5	-64.6	-67.8	-73.6
	Other services	-196.6	-158.4	-139.5	-210.6	-238.4	-254.1	-275.3
	Transfers, net	-82.9	-46.4	-131.2	-197.7	-214.1	-216.3	-236.2
	Public transfers	17.5	40.0	12.7	21.4	26.4	27.2	27.9
	Credit	53.5	67.0	49.7	58.4	63.4	64.2	64.9
	Debit	-36,0	-27.0	-37.0	-37.0	-37.0	-37.0	-37.0
	Private transfers	-100.4	-86.4	-143.9	-219.1	-240.5	-243.6	-264.1
	Credit	15.0	15.0	29.6	26.3	28.9	33.2	36.0
	Debit	-115.4	-101.4	-173.5	-245.5	-269.4	-276.7	-300.1
	Memorandum items:
	Freight and insurance (as percentage
	of imports, c.i.f.)	15.2	15.7	14.3	16.4	17.0	17.2	16.0
Services, net (as percent of GDP)		17.2	16.4	14.4	15.5	15.0	14.1	12.9
Transfers, net (as percent of GDP)		2.8	1.6	3.1	4.0	3.9	3.6	3.6

Sources: Ivoirien authorities; and staff estimates.

Table 45.

Côte d’Ivoire: Movements of Capital, 1992-98

(In billions of CFA francs)

Sources: Caisse Autonome d’Amortissement (CAA); Banque Centrtale des Etats de l’Afrique de l’Ouest (BCEAO); and staff estimates.

^{^1/}Including contributions to London Club initial payment.

^{^2/}Including auhtorization of private debt.

Table 45.

Côte d’Ivoire: Movements of Capital, 1992-98

(In billions of CFA francs)

			1992	1993	1994	1995	1996	1997	1998 Est.
Capital flows, net			-1.4	63.1	321.1	187.7	98.6	132.7	208.8
	Medium and long term		-19.3	-37.5	271.3	194.4	112.1	90.6	104.6
	Official capital		-68.5	-53.1	223.3	-32.7	-35.3	-132.2	-41.1
		Program loans	149.0	143.5	492.7	277.8	186.9	72.6	144.4
		Project loans	27.9	31.4	67.8	86.5	96.5	83.2	95.7
		Central government amortization due	-240.6	-222.9	-326.3	-385.9	-307.5	-275.4	-352,4
		Public enterprises	-4.8	-5.2	-11.0	-11.1	-11.3	-12.6	-9.3
		Other^1/	0.0	0.0	0.0	0.0	0.0	0.0	80.5
	Private capital		49.2	15.6	48.0	227.1	147.4	222.8	145.7
		Direct investment	9.3	6.8	-14.0	117.0	114.0	183.2	145.1
		Commercial credits	35.4	5.0	15.0	31.3	36.0	39.6	40.4
		Other^2/	4.5	3.8	47.0	78.8	-2.6	0.0	-39.9
	Short term		13.8	-10.3	115.6	22.1	60.8	27.2	-10.0
		Official capital	0.0	0.0	0.0	0.0	0.0	9.0	-10.0
		Private capital	13.8	-10.3	115.6	22.1	60.8	18.2	0.0
	Errors and omissions		4.1	110.9	-65.8	-28.8	-74.3	14.9	114.2

Sources: Caisse Autonome d’Amortissement (CAA); Banque Centrtale des Etats de l’Afrique de l’Ouest (BCEAO); and staff estimates.

^{^1/}Including contributions to London Club initial payment.

^{^2/}Including auhtorization of private debt.

Table 45.

Côte d’Ivoire: Movements of Capital, 1992-98

(In billions of CFA francs)

			1992	1993	1994	1995	1996	1997	1998 Est.
Capital flows, net			-1.4	63.1	321.1	187.7	98.6	132.7	208.8
	Medium and long term		-19.3	-37.5	271.3	194.4	112.1	90.6	104.6
	Official capital		-68.5	-53.1	223.3	-32.7	-35.3	-132.2	-41.1
		Program loans	149.0	143.5	492.7	277.8	186.9	72.6	144.4
		Project loans	27.9	31.4	67.8	86.5	96.5	83.2	95.7
		Central government amortization due	-240.6	-222.9	-326.3	-385.9	-307.5	-275.4	-352,4
		Public enterprises	-4.8	-5.2	-11.0	-11.1	-11.3	-12.6	-9.3
		Other^1/	0.0	0.0	0.0	0.0	0.0	0.0	80.5
	Private capital		49.2	15.6	48.0	227.1	147.4	222.8	145.7
		Direct investment	9.3	6.8	-14.0	117.0	114.0	183.2	145.1
		Commercial credits	35.4	5.0	15.0	31.3	36.0	39.6	40.4
		Other^2/	4.5	3.8	47.0	78.8	-2.6	0.0	-39.9
	Short term		13.8	-10.3	115.6	22.1	60.8	27.2	-10.0
		Official capital	0.0	0.0	0.0	0.0	0.0	9.0	-10.0
		Private capital	13.8	-10.3	115.6	22.1	60.8	18.2	0.0
	Errors and omissions		4.1	110.9	-65.8	-28.8	-74.3	14.9	114.2

Sources: Caisse Autonome d’Amortissement (CAA); Banque Centrtale des Etats de l’Afrique de l’Ouest (BCEAO); and staff estimates.

^{^1/}Including contributions to London Club initial payment.

^{^2/}Including auhtorization of private debt.

Table 46.

Côte d’Ivoire: External Public Debt-Service Operations, 1992-98^1/

(In billions of CFA francs)

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Debt service on government and government-guaranteed debt, including direct payments by public enterprises.

^{^2/}Includes rescheduled arrears.

^{^3/}External arrears definition differs from program definition, as it includes arrears to commercial banks. The decline in arrears in 1994 includes cancellations by Belgium, France, and Switzerland, and reschedulings in the context of the Paris Club agreement of March 1994.

^{^4/}Public and publicly guaranteed external debt.

Table 46.

Côte d’Ivoire: External Public Debt-Service Operations, 1992-98^1/

(In billions of CFA francs)

				1992	1993	1994	1995	1996	1997	1998
Debt service (accrual basis)
	Interest payments			193.1	208.5	289.6	301.7	286.5	264.6	251.7
		Official creditors		165.9	192.3	281.4	295.7	283.2	263.7	234.9
			International institutions	84.3	87.6	153.8	138.8	133.5	128.1	84.3
			*Of which*: IMF	9.0	6.4	7.6	5.3	4.9	2.9	3.2
			Paris Club	81.6	104.7	127.6	156.9	149.7	135.6	126.8
			Other	0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Private creditors		27.3	16.3	8.2	6.0	3.2	0.8	16.8
			London Club	24.9	12.4	6.0	2.7	0.0	0.0	14.6
			Other	2.4	3.9	2.2	3.3	3.2	0.8	1.3
	Amortization payments			264.9	237.0	371.3	430.0	332.5	288.3	352.4
		Official creditors		174.2	159.2	307.7	386.3	326.0	281.0	320.6
			International institutions	82.2	74.3	182.7	174.9	156.4	153.5	108.5
			*Of which*: IMF	24.3	14.1	45.0	44.1	25.1	12.9	0.0
			Paris Club	92.1	84.9	125.0	211.4	169.6	127.5	180.3
		Private creditors		90.7	77.7	63.6	43.7	6.5	7.3	31.8
			London Club	86.9	67.1	53.1	22.1	0.0	0.0	6.8
			Other	3.7	10.6	10.5	21.6	6.5	7.3	25.0
	Debt relief from Paris Club^2/			127.3	0.0	587.7	223.4	189.4	62.0	347.8
		Interest		49.3	0.0	187.3	94.8	90.1	32.2	145.2
		Principal		78.0	0.0	400.4	128.6	99.3	29.8	202.6
	Debt relief from private creditors 2			0.0	0,0	12.3	0.0	0.0	0.0	0.0
		Interest		0.0	0.0	2.8	0.0	0.0	0.0	0.0
		Principal		0.0	0.0	9.5	0.0	0.0	0.0	0.0
	Change in arrears^3/			147.2	284.8	-352.6	7.2	2.1	120.9	-120.9
		Interest		47.7	111.5	-179.1	2.7	0.0	57.9	-57.9
		Principal		99.5	173.3	-173.5	4.5	2.1	63.0	-63.0
Debt service (cash basis)				183.5	160.7	413.5	501.1	427.5	370.0	376.9
	Interest			96.1	97.0	278.6	204.2	196.4	174.5	164.4
	Principal			87.4	63.7	134.9	296.9	231.1	195.5	212.5
Memorandum items:
	External public debt^4/
		In billions of CFA francs		3,747.7	4,180.1	7,828.2	7,876.9	8,468.2	8,921.6	6,581.2
		In percent of GDP		127.0	141.9	183.9	157.9	154.7	149.1	101.4

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Debt service on government and government-guaranteed debt, including direct payments by public enterprises.

^{^2/}Includes rescheduled arrears.

^{^4/}Public and publicly guaranteed external debt.

Table 46.

Côte d’Ivoire: External Public Debt-Service Operations, 1992-98^1/

(In billions of CFA francs)

				1992	1993	1994	1995	1996	1997	1998
Debt service (accrual basis)
	Interest payments			193.1	208.5	289.6	301.7	286.5	264.6	251.7
		Official creditors		165.9	192.3	281.4	295.7	283.2	263.7	234.9
			International institutions	84.3	87.6	153.8	138.8	133.5	128.1	84.3
			*Of which*: IMF	9.0	6.4	7.6	5.3	4.9	2.9	3.2
			Paris Club	81.6	104.7	127.6	156.9	149.7	135.6	126.8
			Other	0.0	0.0	0.0	0.0	0.0	0.0	0.0
		Private creditors		27.3	16.3	8.2	6.0	3.2	0.8	16.8
			London Club	24.9	12.4	6.0	2.7	0.0	0.0	14.6
			Other	2.4	3.9	2.2	3.3	3.2	0.8	1.3
	Amortization payments			264.9	237.0	371.3	430.0	332.5	288.3	352.4
		Official creditors		174.2	159.2	307.7	386.3	326.0	281.0	320.6
			International institutions	82.2	74.3	182.7	174.9	156.4	153.5	108.5
			*Of which*: IMF	24.3	14.1	45.0	44.1	25.1	12.9	0.0
			Paris Club	92.1	84.9	125.0	211.4	169.6	127.5	180.3
		Private creditors		90.7	77.7	63.6	43.7	6.5	7.3	31.8
			London Club	86.9	67.1	53.1	22.1	0.0	0.0	6.8
			Other	3.7	10.6	10.5	21.6	6.5	7.3	25.0
	Debt relief from Paris Club^2/			127.3	0.0	587.7	223.4	189.4	62.0	347.8
		Interest		49.3	0.0	187.3	94.8	90.1	32.2	145.2
		Principal		78.0	0.0	400.4	128.6	99.3	29.8	202.6
	Debt relief from private creditors 2			0.0	0,0	12.3	0.0	0.0	0.0	0.0
		Interest		0.0	0.0	2.8	0.0	0.0	0.0	0.0
		Principal		0.0	0.0	9.5	0.0	0.0	0.0	0.0
	Change in arrears^3/			147.2	284.8	-352.6	7.2	2.1	120.9	-120.9
		Interest		47.7	111.5	-179.1	2.7	0.0	57.9	-57.9
		Principal		99.5	173.3	-173.5	4.5	2.1	63.0	-63.0
Debt service (cash basis)				183.5	160.7	413.5	501.1	427.5	370.0	376.9
	Interest			96.1	97.0	278.6	204.2	196.4	174.5	164.4
	Principal			87.4	63.7	134.9	296.9	231.1	195.5	212.5
Memorandum items:
	External public debt^4/
		In billions of CFA francs		3,747.7	4,180.1	7,828.2	7,876.9	8,468.2	8,921.6	6,581.2
		In percent of GDP		127.0	141.9	183.9	157.9	154.7	149.1	101.4

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Debt service on government and government-guaranteed debt, including direct payments by public enterprises.

^{^2/}Includes rescheduled arrears.

^{^4/}Public and publicly guaranteed external debt.

Table 47.

Côte d’Ivoire: External Debt Arrears, 1992-98

(In billions of CFA francs at end of year)

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Late interest due to Paris Club creditors.

^{^2/}Arrears to official or semiofficial creditors not covered by Paris Club reschedulings.

^{^3/}Including late interest.

Table 47.

Côte d’Ivoire: External Debt Arrears, 1992-98

(In billions of CFA francs at end of year)

					1992	1993	1994	1995	1996	1997	1998 Est.
Total arrears					1,337.7	1,632.3	3,051.3	3,079.9	3,577.4	4,181.7	0.0
	Principal				760.3	953.2	1497.5	1304.4	1304.4	1367.4	0.0
	Interest				571.3	667.4	1553.8	1775.5	2273.0	2814.3	0.0
	Late interest^1/				6.1	11.7	0.0	0.0	0.0	0.0	0.0
	Multilateral institutions^2/				8.1	17.6	0.0	0.0	0.0	0.0	0.0
		Principal			3.4	11.3	0.0	0.0	0.0	0.0	0.0
		Interest			4.7	6.3	0.0	0.0	0.0	0.0	0.0
	Paris Club				101.4	295.2	0.0	0.0	0.0	120.9	0.0
		Principal			39.2	155.7	0.0	0.0	0.0	63.0	0.0
		Interest			56.1	127.8	0.0	0.0	0.0	57.9	0.0
		Late interest			6.1	11.7	0.0	0.0	0.0	0.0	0.0
			Not previously rescheduled		17.4	58.8	0.0	0.0	0.0	12.5	0.0
				Principal	8.7	29.4	0.0	0.0	0.0	10.3	0.0
				Interest	8.4	27.0	0.0	0.0	0.0	2.2	0.0
				Late interest	0.3	2.4	0.0	0.0	0.0	0.0	0.0
			Rescheduled 1984-91		36.6	161.3	0.0	0.0	0.0	108.4	0.0
				Principal	18.3	86.2	0.0	0.0	0.0	52.7	0.0
				Interest	17.0	72.6	0.0	0.0	0.0	55.7	0.0
				Late interest	1.3	2.5	0.0	0.0	0.0	0.0	0.0
			Post-cutoff-date debt		47.4	75.1	0.0	0.0	0.0	0.0	0.0
				Principal	12.2	40.1	0.0	0.0	0.0	0.0	0.0
				Interest	30.7	28.2	0.0	0.0	0.0	0.0	0.0
				Late interest	4.5	6.8	0.0	0.0	0.0	0.0	0.0
	Other bilaterals^2/				4.1	6.2	0.0	0.0	0.0	0.0	0.0
		Principal			3.4	4.8	0.0	0.0	0.0	0.0	0.0
		Interest			0.7	1.4	0.0	0.0	0.0	0.0	0.0
	London Club				1,224.1	1,313.3	3,051.3	3,079.9	3,577.4	4,060.8	0.0
		Principal			714.3	781.4	1,497.5	1,304.4	1,304.4	0.0
		Interest^3/			509.8	531.9	1,553.8	1,775.5	2,273.0	2,756.4	0.0

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Late interest due to Paris Club creditors.

^{^2/}Arrears to official or semiofficial creditors not covered by Paris Club reschedulings.

^{^3/}Including late interest.

Table 47.

Côte d’Ivoire: External Debt Arrears, 1992-98

(In billions of CFA francs at end of year)

					1992	1993	1994	1995	1996	1997	1998 Est.
Total arrears					1,337.7	1,632.3	3,051.3	3,079.9	3,577.4	4,181.7	0.0
	Principal				760.3	953.2	1497.5	1304.4	1304.4	1367.4	0.0
	Interest				571.3	667.4	1553.8	1775.5	2273.0	2814.3	0.0
	Late interest^1/				6.1	11.7	0.0	0.0	0.0	0.0	0.0
	Multilateral institutions^2/				8.1	17.6	0.0	0.0	0.0	0.0	0.0
		Principal			3.4	11.3	0.0	0.0	0.0	0.0	0.0
		Interest			4.7	6.3	0.0	0.0	0.0	0.0	0.0
	Paris Club				101.4	295.2	0.0	0.0	0.0	120.9	0.0
		Principal			39.2	155.7	0.0	0.0	0.0	63.0	0.0
		Interest			56.1	127.8	0.0	0.0	0.0	57.9	0.0
		Late interest			6.1	11.7	0.0	0.0	0.0	0.0	0.0
			Not previously rescheduled		17.4	58.8	0.0	0.0	0.0	12.5	0.0
				Principal	8.7	29.4	0.0	0.0	0.0	10.3	0.0
				Interest	8.4	27.0	0.0	0.0	0.0	2.2	0.0
				Late interest	0.3	2.4	0.0	0.0	0.0	0.0	0.0
			Rescheduled 1984-91		36.6	161.3	0.0	0.0	0.0	108.4	0.0
				Principal	18.3	86.2	0.0	0.0	0.0	52.7	0.0
				Interest	17.0	72.6	0.0	0.0	0.0	55.7	0.0
				Late interest	1.3	2.5	0.0	0.0	0.0	0.0	0.0
			Post-cutoff-date debt		47.4	75.1	0.0	0.0	0.0	0.0	0.0
				Principal	12.2	40.1	0.0	0.0	0.0	0.0	0.0
				Interest	30.7	28.2	0.0	0.0	0.0	0.0	0.0
				Late interest	4.5	6.8	0.0	0.0	0.0	0.0	0.0
	Other bilaterals^2/				4.1	6.2	0.0	0.0	0.0	0.0	0.0
		Principal			3.4	4.8	0.0	0.0	0.0	0.0	0.0
		Interest			0.7	1.4	0.0	0.0	0.0	0.0	0.0
	London Club				1,224.1	1,313.3	3,051.3	3,079.9	3,577.4	4,060.8	0.0
		Principal			714.3	781.4	1,497.5	1,304.4	1,304.4	0.0
		Interest^3/			509.8	531.9	1,553.8	1,775.5	2,273.0	2,756.4	0.0

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Late interest due to Paris Club creditors.

^{^2/}Arrears to official or semiofficial creditors not covered by Paris Club reschedulings.

^{^3/}Including late interest.

Table 48.

Côte d’Ivoire: Total External Debt Outstanding, 1992-98^1/

Source: Ivoirien authorities; and staff estimates.

^{^1/}Including principal arrears and excluding public enterprise nonguaranteed debt.

^{^2/}Including suppliers΄ credits and trade financing.

Table 48.

Côte d’Ivoire: Total External Debt Outstanding, 1992-98^1/

				1992	1993	1994	1995	1996	1997	1998 Est.
						(In billions of CFA francs)
Total debt outstanding				4,587.2	5,042.7	9,329.7	9,503.0	10,224.1	10,894.7	8,763.9
	Public debt			3,747.7	4,180.1	7,828.2	7,877.0	8,468.2	8,921.6	6,581.2
		International organizations		967.5	1,130.3	2,177.5	2,089.5	2,182.8	2,260.3	2,356.0
		Of which
			World Bank	546.5	546.5	1,211.8	1,150.4	1,219.0	1,255.0	1,275.9
			IMF	73.7	64.4	175.4	209.1	260.8	255.2	356.8
		Paris Club		1,399.6	1,637.1	2,521.0	2,667.7	2,684.8	2,580.0	2,709.0
		Commercial banks		1,347.0	1,367.7	3,070.9	3,087.5	3,577.4	4,060.8	1,495.3
		Other bilateral creditors		33.6	45.0	58.8	32.3	23.2	20.5	20.9
	Private debt			839.5	862.6	1,501.5	1,626.0	1,755.9	1,973.1	2,182.7
		Deposit money banks		119.5	91.2	88.5	62.4	12.8	81.8	93.4
		Medium- and long-term debt		97.3	47.6	37.6	34.5	12.8	41.4	41.3
		Short-term debt (net)		22.3	43.6	50.9	28.0	0.0	40.4	52.2
		Other private debt^2/		720.0	771.4	1,413.0	1,563.6	1,743.1	1,891,3	2,089.3
						(In billions of U.S.dollars)
Total debt outstanding				16.7	17.1	17.5	19.4	19.5	18.2	15.7
	Public debt			13.6	14.2	14.6	16.1	16.2	14.9	11.8
		International organizations		3.5	3.8	4.1	4.3	4.2	3.8	4.2
		Of which
			World Bank	2.0	1.9	2.3	2.3	2.3	2.1	2.3
			IMF	0.3	0.2	0.3	0.4	0.5	0.4	0.6
		Paris Club		5.1	5.6	4.7	5.4	5.1	4.3	4.8
		Commercial banks		4.9	4.6	5.7	6.3	6.8	6.8	2.7
		Other bilateral creditors		0.1	0.2	0.1	0.1	0.0	0.0	0.0
	Private debt			3.0	2.9	2.8	3.3	3.4	3.3	3.9
		Deposit money banks		0.4	0.3	0.2	0.1	0.0	0.1	0.2
		Medium- and long-term debt		0.4	0.2	0.1	0.1	0.0	0.1	0.1
		Short-term debt (net)		0.1	0.1	0.1	0.1	0.0	0.1	0.1
		Other private debt^2/		2.6	2.6	2.6	3.2	3.3	3.2	3.7

Source: Ivoirien authorities; and staff estimates.

^{^1/}Including principal arrears and excluding public enterprise nonguaranteed debt.

^{^2/}Including suppliers΄ credits and trade financing.

Table 48.

Côte d’Ivoire: Total External Debt Outstanding, 1992-98^1/

				1992	1993	1994	1995	1996	1997	1998 Est.
						(In billions of CFA francs)
Total debt outstanding				4,587.2	5,042.7	9,329.7	9,503.0	10,224.1	10,894.7	8,763.9
	Public debt			3,747.7	4,180.1	7,828.2	7,877.0	8,468.2	8,921.6	6,581.2
		International organizations		967.5	1,130.3	2,177.5	2,089.5	2,182.8	2,260.3	2,356.0
		Of which
			World Bank	546.5	546.5	1,211.8	1,150.4	1,219.0	1,255.0	1,275.9
			IMF	73.7	64.4	175.4	209.1	260.8	255.2	356.8
		Paris Club		1,399.6	1,637.1	2,521.0	2,667.7	2,684.8	2,580.0	2,709.0
		Commercial banks		1,347.0	1,367.7	3,070.9	3,087.5	3,577.4	4,060.8	1,495.3
		Other bilateral creditors		33.6	45.0	58.8	32.3	23.2	20.5	20.9
	Private debt			839.5	862.6	1,501.5	1,626.0	1,755.9	1,973.1	2,182.7
		Deposit money banks		119.5	91.2	88.5	62.4	12.8	81.8	93.4
		Medium- and long-term debt		97.3	47.6	37.6	34.5	12.8	41.4	41.3
		Short-term debt (net)		22.3	43.6	50.9	28.0	0.0	40.4	52.2
		Other private debt^2/		720.0	771.4	1,413.0	1,563.6	1,743.1	1,891,3	2,089.3
						(In billions of U.S.dollars)
Total debt outstanding				16.7	17.1	17.5	19.4	19.5	18.2	15.7
	Public debt			13.6	14.2	14.6	16.1	16.2	14.9	11.8
		International organizations		3.5	3.8	4.1	4.3	4.2	3.8	4.2
		Of which
			World Bank	2.0	1.9	2.3	2.3	2.3	2.1	2.3
			IMF	0.3	0.2	0.3	0.4	0.5	0.4	0.6
		Paris Club		5.1	5.6	4.7	5.4	5.1	4.3	4.8
		Commercial banks		4.9	4.6	5.7	6.3	6.8	6.8	2.7
		Other bilateral creditors		0.1	0.2	0.1	0.1	0.0	0.0	0.0
	Private debt			3.0	2.9	2.8	3.3	3.4	3.3	3.9
		Deposit money banks		0.4	0.3	0.2	0.1	0.0	0.1	0.2
		Medium- and long-term debt		0.4	0.2	0.1	0.1	0.0	0.1	0.1
		Short-term debt (net)		0.1	0.1	0.1	0.1	0.0	0.1	0.1
		Other private debt^2/		2.6	2.6	2.6	3.2	3.3	3.2	3.7

Source: Ivoirien authorities; and staff estimates.

^{^1/}Including principal arrears and excluding public enterprise nonguaranteed debt.

^{^2/}Including suppliers΄ credits and trade financing.

Table 49.

Côte d’Ivoire: Public External Debt and Debt-Service Indicators, 1992-98

(In billions of CFA francs, unless otherwise indicated)

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Public and publicly guaranteed debt, including Fund transactions. Does not include service on nonguaranteed debt of public enterprises through 1993.

^{^2/}Includes debt service to the Fund.

Table 49.

Côte d’Ivoire: Public External Debt and Debt-Service Indicators, 1992-98

(In billions of CFA francs, unless otherwise indicated)

		1992	1993	1994	1995	1996	1997	1998 Est,
Medium- and long-term public and
publicly guaranteed debt		3,747.7	4,180.1	7,828.2	7,876.9	8,468.2	8,921.6	6,581.2
Drawings^1/		176.9	174.9	661.0	453.8	356.7	155.8	240.1
Amortization due^1/		264.9	237.0	371.3	430.0	332.5	288.3	352.1
Rescheduling		127.3	0.0	600.0	223.4	189.4	62.0	334,5
Interest due^1/		193.1	208.5	289.6	301.7	286.5	264,6	251.7
Stock of arrears		1,337.7	1,632.2	3,051.3	3,079.9	3,577.4	3,698.3	0.0
Memorandum items:
Fund purchases		0.0	0.0	100.5	89.5	73.3	0.0	0.0
	Fund repurchases	24.3	14.1	45.0	44.1	25.1	12.9	0.0
Fund credit outstanding		73.7	64.4	175.4	209.5	260.9	270.2	363.8
Medium- and long-term public and
publicly guaranteed debt outstanding
(in percent of GDP)		127.0	141.9	183.9	157.9	154.7	144.5	95.5
	Debt-service payments ^2/
(in percent of exports of goods and nonfactor services)		46.5	48.4	36.0	32.9	25.0	20.8	26.9
Before rescheduling and change in arrears		46.5	48.4	35.3	31.9	24.1	19.8	21.8
Principal		26.9	25.7	19.8	18.8	13.0	10.3	12.7
Interest		19.6	22.6	15.5	13.2	11.2	9.5	9.1
After rescheduling and change in arrears		18.6	17.5	25.0	21.9	16.7	13.3	11.5
Principal		8.9	6.9	13.6	12.9	9.0	7.0	6.2
Interest		9.8	10,5	11.4	8.9	7.7	6.3	5.3

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Public and publicly guaranteed debt, including Fund transactions. Does not include service on nonguaranteed debt of public enterprises through 1993.

^{^2/}Includes debt service to the Fund.

Table 49.

Côte d’Ivoire: Public External Debt and Debt-Service Indicators, 1992-98

(In billions of CFA francs, unless otherwise indicated)

		1992	1993	1994	1995	1996	1997	1998 Est,
Medium- and long-term public and
publicly guaranteed debt		3,747.7	4,180.1	7,828.2	7,876.9	8,468.2	8,921.6	6,581.2
Drawings^1/		176.9	174.9	661.0	453.8	356.7	155.8	240.1
Amortization due^1/		264.9	237.0	371.3	430.0	332.5	288.3	352.1
Rescheduling		127.3	0.0	600.0	223.4	189.4	62.0	334,5
Interest due^1/		193.1	208.5	289.6	301.7	286.5	264,6	251.7
Stock of arrears		1,337.7	1,632.2	3,051.3	3,079.9	3,577.4	3,698.3	0.0
Memorandum items:
Fund purchases		0.0	0.0	100.5	89.5	73.3	0.0	0.0
	Fund repurchases	24.3	14.1	45.0	44.1	25.1	12.9	0.0
Fund credit outstanding		73.7	64.4	175.4	209.5	260.9	270.2	363.8
Medium- and long-term public and
publicly guaranteed debt outstanding
(in percent of GDP)		127.0	141.9	183.9	157.9	154.7	144.5	95.5
	Debt-service payments ^2/
(in percent of exports of goods and nonfactor services)		46.5	48.4	36.0	32.9	25.0	20.8	26.9
Before rescheduling and change in arrears		46.5	48.4	35.3	31.9	24.1	19.8	21.8
Principal		26.9	25.7	19.8	18.8	13.0	10.3	12.7
Interest		19.6	22.6	15.5	13.2	11.2	9.5	9.1
After rescheduling and change in arrears		18.6	17.5	25.0	21.9	16.7	13.3	11.5
Principal		8.9	6.9	13.6	12.9	9.0	7.0	6.2
Interest		9.8	10,5	11.4	8.9	7.7	6.3	5.3

Sources: Ivoirien authorities; and staff estimates.

^{^1/}Public and publicly guaranteed debt, including Fund transactions. Does not include service on nonguaranteed debt of public enterprises through 1993.

^{^2/}Includes debt service to the Fund.

Table 50.

Côte d’Ivoire: Exchange Rate Developments, 1990-98

Sources: IMF,International Financial Statistics, and Information Notice System.

^{^1/}A decline in the index indicates a depreciation of the CFA franc; period averages.

^{^2/}Trade weighted, excluding Brazil.

^{^3/}Deflated by the relative consumer prices.

Table 50.

Côte d’Ivoire: Exchange Rate Developments, 1990-98

			1990	1991	1992	1993	1994	1995	1996	1997	1998
Exchange rates
	Period averages
		CFA francs per U. S. dollar	272.26	282.11	264.69	283.16	555.20	499.15	511.55	583.70	586.70
		CFA francs per SDR	388.25	397.21	367.92	390.76	805.05	741.24	742.65	801.96	795.60
	End of period
		CFA francs per U. S. dollar	256.45	259.00	275.32	294.77	534.60	490.00	523.69	598.81	559.11
		CFA francs per SDR	364.84	370.48	378.57	404.89	780.44	728.38	753.06	807.94	799.41
Exchange rate indices (1990=100)^1/
	U. S. dollars per CFA franc		100.00	96.60	102.80	96,00	49.04	54.40	53.08	46.51	46.27
	SDRs per CFA franc		100.00	97.75	105.53	99.36	48.23	52.38	52.28	48.41	48.80
	Nominal effective exchange rate^2/		100.00	106.88	121.05	134.92	78.48	83.60	84.13	85.98	84.70
	Real effective exchange rate^2/^3/		100.00	97.18	100.34	97.25	60.72	70.13	70.45	70.08	73.90

Sources: IMF,International Financial Statistics, and Information Notice System.

^{^1/}A decline in the index indicates a depreciation of the CFA franc; period averages.

^{^2/}Trade weighted, excluding Brazil.

^{^3/}Deflated by the relative consumer prices.

Table 50.

Côte d’Ivoire: Exchange Rate Developments, 1990-98

			1990	1991	1992	1993	1994	1995	1996	1997	1998
Exchange rates
	Period averages
		CFA francs per U. S. dollar	272.26	282.11	264.69	283.16	555.20	499.15	511.55	583.70	586.70
		CFA francs per SDR	388.25	397.21	367.92	390.76	805.05	741.24	742.65	801.96	795.60
	End of period
		CFA francs per U. S. dollar	256.45	259.00	275.32	294.77	534.60	490.00	523.69	598.81	559.11
		CFA francs per SDR	364.84	370.48	378.57	404.89	780.44	728.38	753.06	807.94	799.41
Exchange rate indices (1990=100)^1/
	U. S. dollars per CFA franc		100.00	96.60	102.80	96,00	49.04	54.40	53.08	46.51	46.27
	SDRs per CFA franc		100.00	97.75	105.53	99.36	48.23	52.38	52.28	48.41	48.80
	Nominal effective exchange rate^2/		100.00	106.88	121.05	134.92	78.48	83.60	84.13	85.98	84.70
	Real effective exchange rate^2/^3/		100.00	97.18	100.34	97.25	60.72	70.13	70.45	70.08	73.90

Sources: IMF,International Financial Statistics, and Information Notice System.

^{^1/}A decline in the index indicates a depreciation of the CFA franc; period averages.

^{^2/}Trade weighted, excluding Brazil.

^{^3/}Deflated by the relative consumer prices.

Table 51.

Côte d’Ivoire: Bilateral and Multilateral Nominal Effective Exchange Rates, 1982-98

(1990=100)^1/

Source: IMF, Information Notice System.

^{^1/}Annual averages.

^{^2/}1993-98 expressed in thousands.

Table 51.

Côte d’Ivoire: Bilateral and Multilateral Nominal Effective Exchange Rates, 1982-98

(1990=100)^1/

		Weight	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998
European countries		62.81	104.48	101.51	100.31	101.38	101.52	100.23	98.93	98.76	100.00	99.24	100.98	104.65	52.61	53.32	53.19	52.43	52.49
	France	21.58	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	99.98	100.00	100.00	50.00	50.00	50.00	50.00	50.00
	Germany	10.61	124.82	113.08	109.70	110.41	105.39	100.72	99.35	99.28	100.00	99.08	99.40	98.42	49.23	48.36	49.55	50.10	50.26
	Italy	6.49	93.64	90.61	91.30	96.97	97.59	97.93	99.21	97.72	100.00	99.86	105.48	126.10	66.02	74.12	68.49	66.24	66.85
	Netherlands	6.32	121.89	112.12	109.76	110.49	105.51	100.71	99.19	99.37	100.00	99.05	99.33	98.10	48.99	48.10	49.27	49.98	50.27
	United Kingdom	5.86	84.52	84,07	83.20	83.89	95.52	98.48	91.40	92.77	100.00	97.28	104.22	113.92	57.00	61.47	60.65	50.70	49.58
	Belgium	5.83	113.36	109.42	107.79	107.78	104.87	101.20	100.59	100.64	100.00	98.60	98.97	99.52	49.08	48.11	49.31	49.91	50.13
	Spain	2.86	89.47	100.62	98.44	101.81	108.09	109.71	104.64	99.23	100.00	98.50	103.32	119.68	64.55	66.80	66.20	67.07	67.70
	Switzerland	1.82	121.37	108.35	105.47	107.22	101.76	97.34	96.34	100,61	100.00	99.69	104.22	102.45	48.31	46.45	47.41	48.81	48.20
	Sweden	1.44	87.88	92.81	87.10	88.23	94,60	96.96	94.62	92.91	100.00	98.59	101.10	126.31	63.91	65.71	60.27	60.15	62.02
Other industrial countries		23.45	89.18	77.22	67.72	68.10	83.37	92.69	90.06	84.60	100.00	95.32	101.60	94.15	47.30	51.76	51.44	46.26	46.77
	United States	11.75	83.10	71.60	62.34	60.95	78.57	90.46	91.36	85.22	100.00	96.60	102.84	96.00	49.01	54.45	53.09	46.58	46.09
	Japan	7.19	142.81	117.78	102.40	99.97	91.45	90.52	81.03	81.38	100.00	89.94	90.14	74.03	34.65	35.48	40.05	39.04	41.72
	Canada	3.14	87.85	75.64	69.18	71.32	93.57	102.80	96.34	86.48	100.00	94.86	106.46	106.11	57.35	64.05	62.07	55.28	58.68
	Australia	1.38	63.81	61.99	55.37	68.25	91.97	100.90	91.51	84.12	100.00	96.87	109.45	110.28	52.33	57.37	52.98	48.99	57.36
Developing countries		13.72	0.69	0.91	1.27	2.10	3.78	6.26	12,34	26.17	100.00	186,68	455.44	1190.00	1862.32	2401.53	2468.82	2321.43	2031.02
	Brazil^2/	4.17	0.00	0.00	0.00	0.01	0.02	0.05	0.34	3.52	100.00	568.55	6704.54	119.01	1267.81	3012.39	3222.86	2333.45	2051.84
	China	2.02	29.93	27.01	27.45	34.29	51,92	64.29	84.84	80.44	100.00	105.82	125.00	146.36	80.64	86.82	84.28	73.71	72.83
	Malaysia	1.88	71.70	61.40	54.00	55.90	75.00	84.30	88.40	85.40	100.00	98.20	96.80	91.40	47.50	50.50	49.40	48.40	66.84
	Colombia	1.65	10.50	11.10	36.80	42.20	68.10	84.90	88.20	84.50	100.00	92.40	89.20	80.40	44.30	51.70	48.80	41.60	130.67
	Korea	1.40	85.60	78.20	70.90	75.00	97.70	105.00	94.40	80.80	100.00	100.00	113.30	108.80	55.60	59.20	60.30	62.50	91.01
	Taiwan Province of China	1.31	120.80	106.70	91.90	90.40	110.80	107.10	97.20	83.80	100.00	96.40	96.30	93.70	48.20	53.70	54.30	48.70	57.41
	Indonesia	1.29	29.80	35.00	34.60	36.70	54.90	80.60	83.40	81.70	100.00	102.00	113.10	108.50	57.40	66.30	67.50	73.40	249,29
Nominal effective exchange rate		99.98	54.90	53.85	53.94	57.72	64.89	70.04	74.64	80.58	100.00	106.20	121.11	138.84	78.51	83.60	84.14	81.02	84.65

Source: IMF, Information Notice System.

^{^1/}Annual averages.

^{^2/}1993-98 expressed in thousands.

Table 51.

Côte d’Ivoire: Bilateral and Multilateral Nominal Effective Exchange Rates, 1982-98

(1990=100)^1/

		Weight	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998
European countries		62.81	104.48	101.51	100.31	101.38	101.52	100.23	98.93	98.76	100.00	99.24	100.98	104.65	52.61	53.32	53.19	52.43	52.49
	France	21.58	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	99.98	100.00	100.00	50.00	50.00	50.00	50.00	50.00
	Germany	10.61	124.82	113.08	109.70	110.41	105.39	100.72	99.35	99.28	100.00	99.08	99.40	98.42	49.23	48.36	49.55	50.10	50.26
	Italy	6.49	93.64	90.61	91.30	96.97	97.59	97.93	99.21	97.72	100.00	99.86	105.48	126.10	66.02	74.12	68.49	66.24	66.85
	Netherlands	6.32	121.89	112.12	109.76	110.49	105.51	100.71	99.19	99.37	100.00	99.05	99.33	98.10	48.99	48.10	49.27	49.98	50.27
	United Kingdom	5.86	84.52	84,07	83.20	83.89	95.52	98.48	91.40	92.77	100.00	97.28	104.22	113.92	57.00	61.47	60.65	50.70	49.58
	Belgium	5.83	113.36	109.42	107.79	107.78	104.87	101.20	100.59	100.64	100.00	98.60	98.97	99.52	49.08	48.11	49.31	49.91	50.13
	Spain	2.86	89.47	100.62	98.44	101.81	108.09	109.71	104.64	99.23	100.00	98.50	103.32	119.68	64.55	66.80	66.20	67.07	67.70
	Switzerland	1.82	121.37	108.35	105.47	107.22	101.76	97.34	96.34	100,61	100.00	99.69	104.22	102.45	48.31	46.45	47.41	48.81	48.20
	Sweden	1.44	87.88	92.81	87.10	88.23	94,60	96.96	94.62	92.91	100.00	98.59	101.10	126.31	63.91	65.71	60.27	60.15	62.02
Other industrial countries		23.45	89.18	77.22	67.72	68.10	83.37	92.69	90.06	84.60	100.00	95.32	101.60	94.15	47.30	51.76	51.44	46.26	46.77
	United States	11.75	83.10	71.60	62.34	60.95	78.57	90.46	91.36	85.22	100.00	96.60	102.84	96.00	49.01	54.45	53.09	46.58	46.09
	Japan	7.19	142.81	117.78	102.40	99.97	91.45	90.52	81.03	81.38	100.00	89.94	90.14	74.03	34.65	35.48	40.05	39.04	41.72
	Canada	3.14	87.85	75.64	69.18	71.32	93.57	102.80	96.34	86.48	100.00	94.86	106.46	106.11	57.35	64.05	62.07	55.28	58.68
	Australia	1.38	63.81	61.99	55.37	68.25	91.97	100.90	91.51	84.12	100.00	96.87	109.45	110.28	52.33	57.37	52.98	48.99	57.36
Developing countries		13.72	0.69	0.91	1.27	2.10	3.78	6.26	12,34	26.17	100.00	186,68	455.44	1190.00	1862.32	2401.53	2468.82	2321.43	2031.02
	Brazil^2/	4.17	0.00	0.00	0.00	0.01	0.02	0.05	0.34	3.52	100.00	568.55	6704.54	119.01	1267.81	3012.39	3222.86	2333.45	2051.84
	China	2.02	29.93	27.01	27.45	34.29	51,92	64.29	84.84	80.44	100.00	105.82	125.00	146.36	80.64	86.82	84.28	73.71	72.83
	Malaysia	1.88	71.70	61.40	54.00	55.90	75.00	84.30	88.40	85.40	100.00	98.20	96.80	91.40	47.50	50.50	49.40	48.40	66.84
	Colombia	1.65	10.50	11.10	36.80	42.20	68.10	84.90	88.20	84.50	100.00	92.40	89.20	80.40	44.30	51.70	48.80	41.60	130.67
	Korea	1.40	85.60	78.20	70.90	75.00	97.70	105.00	94.40	80.80	100.00	100.00	113.30	108.80	55.60	59.20	60.30	62.50	91.01
	Taiwan Province of China	1.31	120.80	106.70	91.90	90.40	110.80	107.10	97.20	83.80	100.00	96.40	96.30	93.70	48.20	53.70	54.30	48.70	57.41
	Indonesia	1.29	29.80	35.00	34.60	36.70	54.90	80.60	83.40	81.70	100.00	102.00	113.10	108.50	57.40	66.30	67.50	73.40	249,29
Nominal effective exchange rate		99.98	54.90	53.85	53.94	57.72	64.89	70.04	74.64	80.58	100.00	106.20	121.11	138.84	78.51	83.60	84.14	81.02	84.65

Source: IMF, Information Notice System.

^{^1/}Annual averages.

^{^2/}1993-98 expressed in thousands.

Table 52.

Côte d’Ivoire: Bilateral and Multilateral Real Effective Exchange Rates, 1982-98

(1990=100)^1/

Source: IMF, Information Notice System.

^{^1/}Annual averages.

Table 52.

Côte d’Ivoire: Bilateral and Multilateral Real Effective Exchange Rates, 1982-98

(1990=100)^1/

		Weight	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998
European countries		62.81	104.23	99.40	96.36	94.30	101.17	104.22	107.17	103.92	100.00	96.88	99.23	101.91	63.25	71.88	72.13	73.86	75.48
	France	21.58	102.86	99.26	96.13	92.54	99.00	102.51	106.76	104.19	100.00	98.52	100.34	100.33	62.45	70.13	70.98	74.08	76.07
	Germany	10.61	102.40	94.70	93.60	93.95	98.70	100.50	104.80	102.75	100.00	97.30	97.78	93.65	57.68	63.93	66.34	69.56	71.50
	Italy	6.49	121.50	108.00	102.49	101.40	106.10	108.57	111.95	104.90	100.00	95.56	100.28	116.70	74.20	91.00	83.10	83.40	85.18
	Netherlands	6.32	97.32	91.90	90.80	91.12	95.40	98.02	102.50	102.61	100.00	97.67	98.95	97.27	59.80	66.10	68.20	71.43	72.94
	United Kingdom	5.86	92.90	93.30	91.80	88.90	107.30	113.50	107.50	102.20	100.00	93.30	100.50	110.40	68.25	81.70	80.84	69.20	67.66
	Belgium	5.83	107.10	101.44	97.92	95.12	100.30	101.80	107.00	104.93	100.00	97.16	99.24	99.10	60.45	67.00	69.21	72.86	74.88
	Spain	2.86	117.90	124.76	114.30	110.50	118.60	122.30	118.94	106.74	100.00	94.50	97.70	110.60	71.85	81.60	80.34	84.28	86.36
	Switzerland	1,82	106.70	97.60	96.30	96.40	99.59	100.40	104.50	106.90	100.00	95.70	100.20	97.40	57.60	62.50	65.00	70,33	71.82
	Sweden	1.44	106.20	108.80	98.63	94.80	106.98	112.51	110.99	104.50	100.00	91.72	95.80	116.80	73.20	84.20	79.02	82.89	88.41
Other industrial countries		23.45	78.90	69.95	62.34	62.31	81.89	94.95	96.12	88.31	100.00	94.24	103.09	95.96	60.39	74.55	75.05	70.40	69.72
	United States	11.75	79.80	70.29	61.20	59.00	81.67	97.10	100.80	90.60	100.00	94.25	101.60	93.99	59.30	73.50	71.49	64.75	55.23
	Japan	7.19	115.00	98.20	87.20	85.00	84.70	89.50	85.20	84.60	100.00	88.60	91.00	75.30	44.30	52.10	60.30	61.17	67.17
	Canada	3.14	89.10	76.39	69.81	70.70	97.46	109.80	105.90	91.40	100.00	91.45	105.50	105.25	72.09	0.54	88.40	81.80	88.92
	Australia	1,38	80.90	75,40	67.47	79.40	107.50	116.40	105.40	90.90	100.00	95.39	111.30	112.50	66.22	79.80	73.80	72.00	86.20
Developing countries		13.72	68.30	68.04	63.90	68.09	95.99	111.30	112.60	94.04	100.00	103.78	112.65	104.11	59.41	66.69	65.11	61.14	74.20
	Brazil	4.17	103.36	117.59	107.60	110.97	141.72	155.74	145.39	111.17	100,00	118.17	133.65	114.41	59.78	62.32	61.57	56.69	60.17
	China	2.02	39.00	36.40	37.63	44.07	69.54	85.71	102.50	83.00	100.00	104.53	122.12	129.28	73.80	79.75	75.00	68.79	72.17
	Malaysia	1.88	60.07	52.41	46.23	48.70	71.00	84.56	93.09	88.27	100.00	95.71	93.88	87.40	54.77	64.20	62.40	62.90	85.32
	Colombia	1.65	39.53	36.70	36.80	42.10	68.09	82.90	88.20	84.50	100.00	92.40	89.20	80.40	44,30	51.70	48.80	41.60	45.22
	Korea	1.40	85.81	80.00	73.92	77.80	108.62	120.49	108.30	88.46	100.00	93.10	103.60	96.82	59.00	69.00	68.80	72.00	101.04
	Taiwan Province of China	1.31	96.20	88.80	79.87	80.40	107.24	110.00	105.50	88.00	100.00	94.66	94.40	91.00	57.10	70.20	70.80	66.31	79.77
	Indonesia	1.29	39.30	43.50	40.63	41.90	64.80	93.26	95.59	88.91	100.00	95.10	101.99	91.20	56.16	68.20	66.09	70.80	160.29
Real effective exchange rate		99.98	94.76	89.02	84.06	83.30	96.34	103.30	105.08	98.72	100.00	96.49	100.66	98.96	60.78	70.13	70.44	70.01	74.10

Source: IMF, Information Notice System.

^{^1/}Annual averages.

Table 52.

Côte d’Ivoire: Bilateral and Multilateral Real Effective Exchange Rates, 1982-98

(1990=100)^1/

		Weight	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998
European countries		62.81	104.23	99.40	96.36	94.30	101.17	104.22	107.17	103.92	100.00	96.88	99.23	101.91	63.25	71.88	72.13	73.86	75.48
	France	21.58	102.86	99.26	96.13	92.54	99.00	102.51	106.76	104.19	100.00	98.52	100.34	100.33	62.45	70.13	70.98	74.08	76.07
	Germany	10.61	102.40	94.70	93.60	93.95	98.70	100.50	104.80	102.75	100.00	97.30	97.78	93.65	57.68	63.93	66.34	69.56	71.50
	Italy	6.49	121.50	108.00	102.49	101.40	106.10	108.57	111.95	104.90	100.00	95.56	100.28	116.70	74.20	91.00	83.10	83.40	85.18
	Netherlands	6.32	97.32	91.90	90.80	91.12	95.40	98.02	102.50	102.61	100.00	97.67	98.95	97.27	59.80	66.10	68.20	71.43	72.94
	United Kingdom	5.86	92.90	93.30	91.80	88.90	107.30	113.50	107.50	102.20	100.00	93.30	100.50	110.40	68.25	81.70	80.84	69.20	67.66
	Belgium	5.83	107.10	101.44	97.92	95.12	100.30	101.80	107.00	104.93	100.00	97.16	99.24	99.10	60.45	67.00	69.21	72.86	74.88
	Spain	2.86	117.90	124.76	114.30	110.50	118.60	122.30	118.94	106.74	100.00	94.50	97.70	110.60	71.85	81.60	80.34	84.28	86.36
	Switzerland	1,82	106.70	97.60	96.30	96.40	99.59	100.40	104.50	106.90	100.00	95.70	100.20	97.40	57.60	62.50	65.00	70,33	71.82
	Sweden	1.44	106.20	108.80	98.63	94.80	106.98	112.51	110.99	104.50	100.00	91.72	95.80	116.80	73.20	84.20	79.02	82.89	88.41
Other industrial countries		23.45	78.90	69.95	62.34	62.31	81.89	94.95	96.12	88.31	100.00	94.24	103.09	95.96	60.39	74.55	75.05	70.40	69.72
	United States	11.75	79.80	70.29	61.20	59.00	81.67	97.10	100.80	90.60	100.00	94.25	101.60	93.99	59.30	73.50	71.49	64.75	55.23
	Japan	7.19	115.00	98.20	87.20	85.00	84.70	89.50	85.20	84.60	100.00	88.60	91.00	75.30	44.30	52.10	60.30	61.17	67.17
	Canada	3.14	89.10	76.39	69.81	70.70	97.46	109.80	105.90	91.40	100.00	91.45	105.50	105.25	72.09	0.54	88.40	81.80	88.92
	Australia	1,38	80.90	75,40	67.47	79.40	107.50	116.40	105.40	90.90	100.00	95.39	111.30	112.50	66.22	79.80	73.80	72.00	86.20
Developing countries		13.72	68.30	68.04	63.90	68.09	95.99	111.30	112.60	94.04	100.00	103.78	112.65	104.11	59.41	66.69	65.11	61.14	74.20
	Brazil	4.17	103.36	117.59	107.60	110.97	141.72	155.74	145.39	111.17	100,00	118.17	133.65	114.41	59.78	62.32	61.57	56.69	60.17
	China	2.02	39.00	36.40	37.63	44.07	69.54	85.71	102.50	83.00	100.00	104.53	122.12	129.28	73.80	79.75	75.00	68.79	72.17
	Malaysia	1.88	60.07	52.41	46.23	48.70	71.00	84.56	93.09	88.27	100.00	95.71	93.88	87.40	54.77	64.20	62.40	62.90	85.32
	Colombia	1.65	39.53	36.70	36.80	42.10	68.09	82.90	88.20	84.50	100.00	92.40	89.20	80.40	44,30	51.70	48.80	41.60	45.22
	Korea	1.40	85.81	80.00	73.92	77.80	108.62	120.49	108.30	88.46	100.00	93.10	103.60	96.82	59.00	69.00	68.80	72.00	101.04
	Taiwan Province of China	1.31	96.20	88.80	79.87	80.40	107.24	110.00	105.50	88.00	100.00	94.66	94.40	91.00	57.10	70.20	70.80	66.31	79.77
	Indonesia	1.29	39.30	43.50	40.63	41.90	64.80	93.26	95.59	88.91	100.00	95.10	101.99	91.20	56.16	68.20	66.09	70.80	160.29
Real effective exchange rate		99.98	94.76	89.02	84.06	83.30	96.34	103.30	105.08	98.72	100.00	96.49	100.66	98.96	60.78	70.13	70.44	70.01	74.10

Source: IMF, Information Notice System.

^{^1/}Annual averages.

Table 53.

Côte d’Ivoire: Nominal and Real Effective Exchange Rates, 1991-99

(1990=100)^1/

Source: IMF, Information Notice System.

^{^1/}Period averages.

Table 53.

Côte d’Ivoire: Nominal and Real Effective Exchange Rates, 1991-99

(1990=100)^1/

		Nominal	Real	Relative Price
1991		106.2	96.4	90.9
1992		121.1	100.9	83.3
1993		135.8	99.2	73.0
1994		78.5	60.9	77.4
1995		83.6	70.3	83.9
1996		84.1	70.6	83.8
1997		81.0	70.0	85.6
1998		84.7	74.1	87.4
1996
	First quarter	84.6	70.5	83.2
	Second quarter	83.9	70.1	83.4
	Third quarter	84.3	70.9	83.9
	Fourth quarter	83.8	70.9	84.6
1997
	First quarter	81.8	69.7	85.0
	Second quarter	80.7	68.5	84.7
	Third quarter	79.3	68.3	86.0
	Fourth quarter	82.3	71.4	86.6
1998
	First quarter	83.1	72.6	87.2
	Second quarter	84.0	74.3	88.4
	Third quarter	85.5	74.7	87.3
	Fourth quarter	86.1	74.7	86.7
1999
	First quarter	85.6	74.4	86.7
1997
	January	82.5	70.0	84.7
	February	81.5	69.6	85.3
	March	81.3	69.3	85.1
	April	81.2	69.0	84.9
	May	80.9	68.3	84.3
	June	80.1	68.3	85.1
	July	78.9	67.7	85.6
	August	78.7	67.7	85.9
	September	80.4	69.6	86.5
	October	81.5	70.6	86.4
	November	82.3	71.4	86.5
	December	82.8	72.3	87.0
1998
	January	83.5	72.8	87.0
	February	83.0	72.5	87.2
	March	82.7	72.5	87.6
	April	82.9	72.9	87.8
	May	84.3	74.6	88.4
	June	84.7	75.5	88.9
	July	84.8	74.8	88.1
	August	85.2	74.6	87.4
	September	86.4	74.7	86.3
	October	86.8	75.0	86.3
	November	85.7	74.4	86.7
	December	85.7	74.7	87.0
1999
	January	86.1	75.2	87.2
	February	85.8	74.7	86.9
	March	85.0	73.3	86.1

Source: IMF, Information Notice System.

^{^1/}Period averages.

Table 53.

Côte d’Ivoire: Nominal and Real Effective Exchange Rates, 1991-99

(1990=100)^1/

		Nominal	Real	Relative Price
1991		106.2	96.4	90.9
1992		121.1	100.9	83.3
1993		135.8	99.2	73.0
1994		78.5	60.9	77.4
1995		83.6	70.3	83.9
1996		84.1	70.6	83.8
1997		81.0	70.0	85.6
1998		84.7	74.1	87.4
1996
	First quarter	84.6	70.5	83.2
	Second quarter	83.9	70.1	83.4
	Third quarter	84.3	70.9	83.9
	Fourth quarter	83.8	70.9	84.6
1997
	First quarter	81.8	69.7	85.0
	Second quarter	80.7	68.5	84.7
	Third quarter	79.3	68.3	86.0
	Fourth quarter	82.3	71.4	86.6
1998
	First quarter	83.1	72.6	87.2
	Second quarter	84.0	74.3	88.4
	Third quarter	85.5	74.7	87.3
	Fourth quarter	86.1	74.7	86.7
1999
	First quarter	85.6	74.4	86.7
1997
	January	82.5	70.0	84.7
	February	81.5	69.6	85.3
	March	81.3	69.3	85.1
	April	81.2	69.0	84.9
	May	80.9	68.3	84.3
	June	80.1	68.3	85.1
	July	78.9	67.7	85.6
	August	78.7	67.7	85.9
	September	80.4	69.6	86.5
	October	81.5	70.6	86.4
	November	82.3	71.4	86.5
	December	82.8	72.3	87.0
1998
	January	83.5	72.8	87.0
	February	83.0	72.5	87.2
	March	82.7	72.5	87.6
	April	82.9	72.9	87.8
	May	84.3	74.6	88.4
	June	84.7	75.5	88.9
	July	84.8	74.8	88.1
	August	85.2	74.6	87.4
	September	86.4	74.7	86.3
	October	86.8	75.0	86.3
	November	85.7	74.4	86.7
	December	85.7	74.7	87.0
1999
	January	86.1	75.2	87.2
	February	85.8	74.7	86.9
	March	85.0	73.3	86.1

Source: IMF, Information Notice System.

^{^1/}Period averages.

Côte d’Ivoire: Summaiy of the Tax System

(As of December 31, 1998)

Côte d’Ivoire: Summaiy of the Tax System

(As of December 31, 1998)

Tax		Nature of Tax	Exemptions and Deductions	Rates
1. Taxes on income and profits
	In Côte d’Ivoire:, income taxes consist of a number of schedular taxes on particular categories of income, and a general progressive income tax.
1.1 Companies, partnerships, and individual enterprises
	1.1.1 Tax on industrial, commercial, and agri-cultural profits(Impôt sur les bénéfices industriels, commer-ciaux et agricoles (BIC))	Annual schedular tax levied on the net profits realized from activities carried on in Côte d’Ivoire. Medium-size enterprises are taxed on a simplified basis(régime réel simplifié). Small enterprises are subject to a global tax(impôt synthétique) that combines taxes on commercial and industrial profits, business licenses, and value-added tax (VAT).	Consumer cooperatives, low-cost housing companies, and agricultural credit institutions are exempt. Authorized deductions include property taxes and losses incurred during five previous years.	Individuals	25 percent
				Companies	35 percent
				Minimum flat-rate tax (IMF) of CFAF 2,000,000, or 0.15-0.5 percent of turnover, depending on the sector (maximum collection under the flat rate is CFAF 30,000,000). Under the simplified assessment, the minimum flat-rate tax is 2 percent of turnover.
1.2 Individuals
	1.2.1 Tax on noncommercial profits (Impôt sur les bênêfices non-commerciaux (BNC))	Annual schedular tax levied on earnings from the practice of an independent professional activity.	Deductions as in 1.1.1.	25 percent Minimum flat-rate tax (IMF) of 5 percent of gross income.
	1.2.2 Tax on salaries and wages (Impôt sur les traitements et salaires (ITS))	Annual schedular tax levied on income from salaries, wages, pensions, and annuities of residents; withheld at source.	Family allowances and certain benefits are exempt. Presumptive allowance of 20 percent for expenses.	1.5 percent (on 80 percent of gross income).
	1.2.3 National contribution (Contribution nationale)	Same base as 1.2.2.		Taxable monthly	Percent
				Income (CFAF) (80 percent of gross salary)
				0-50,000	exempt
				50,000-130,000	1.5
				130,000-200,000	5.0
				Over 200,000	10.0
1.2.4 National solidarity levy(Contribution nationale de solidaritê		Annual levy on gross income from wages, salaries, and indemnities.	Pensions and annuities are excluded.	1 percent
	1.2.5 General income tax(Impôt gênêral sur le revenu (IGR))	Annual tax levied on total net income of residents.	Retirement fund contributions (up to 6 percent) and specified expenditures (on a presumptive basis up to 15 percent) are deductible. Taxable income is divided by a coefficient based on family situation. The tax itself is deductible from net income (i.e., the maximum rate on taxable income (tax exclusive) is 37.5 percent).	Taxable income(CFAF) (tax inclusive)	Percent
				0-300,000	exempt
				301,000-547,000	10
				548,000-979,000	15
				980,000-1,519,000	20
				1,520,000-2,644,000	25
				2,645,000-4,669,000	35
				4,670,000-10,600,000	45
				Over 10,600,000	60
1.3 Taxes on income from movable capital
	1.3.1 Tax on income from securities(Impôt sur le revenu des valeurs mobiliéres (IRVM))	Withholding tax on income from stocks and bonds.	Tax credit against IGR.	Category	Percent
				Standard rate	12
				Securities quoted on Bourse des valeurs d’Abidjan(BVA)	10
				Distribution of profits exempt from BIC tax	18
				Bonds (lots)	25
				Certificates of deposit Bonds, five years and longer	25
				Bonds, five years and longer	6
	1.3.2 Tax on income from claims(Impôt sur le revenu des créances)	Withholding tax on interest.	IGR exemption for BRVM-quoted securities, and for West African Economic and Monetary Union (WAEMU) bonds.	Standard rate	8
				Interest paid by
				Ivoirien banks to: Individuals	13.5
				Enterprises (companies or individual enterprises)	16.5
				Interest on three-year loans extended by financial institutions domiciled abroad for investment goods	9
2. Social security contributions (Charges sociales)		(i) Family allowances; (ii) workmen’s compensation; and (iii) pensions.	For (i) and (ii) ceiling is annual salary of CFAF 840,000. For (iii) ceiling is monthly salary of CFAF 1,500,000.	(i) Employer	5.5 percent
				(ii) Employer	2-5 percent
				(iii) Employer	2.4 percent
				Employee	1.6 percent
3. Employers’ payroll taxes(Taxes sur les salaires à la charge des employeurs)
3.1 Payroll tax (Contribution à la charge des employeurs)		Annual tax payable by employers on total wages and salaries paid to expatriate staff in cash or kind.	20 percent presumptive allowance.	11.5 percent
3.2 Apprenticeship tax (Taxe d’apprentissage)		Annual tax payable by employers on total wages and salaries paid to staff in cash or kind.	20 percent presumptive allowance.	0.5 percent
3.3 Additional tax for vocational training		Same base as 3.2.	20 percent presumptive allowance.	1.5 percent
4. Taxes on property
4.1 Tax on developed property(Contribution foncière des propriétés bâties)		Levied on the rental value of buildings constructed with nontraditional materials.		Standard	15 percent
				Partially exempted buildings	9 percent
				Main residence	4 percent
				Certain buildings vacant for more than one year	4 percent
				Buildings vacant for more than six months	7.5 percent
4.2 Tax on undeveloped property(Contribution foncière des propriétés bâties)		Levied on assessed market value of undeveloped urban property.		For first two years after purchase	4 percent
				Third year	5 percent
				Subsequent years	6 percent
4.3 Tax on insufficiently used land(Surtaxe foncière sur les propriétés insuffisamment bâties)		Levied on that portion of the market value in excess of three times the rental value.	Not applicable if circumstances beyond the owner’s control prohibit construction.	Same as 4.2.
5. Taxes on goods and services
5.1 Turnover and value-added Tax (VAT)
	5.1.1 VAT(Taxe sur la valeur ajoutée)	Based on turnover less purchases.	Exports, some primary sector activities, and construction of low-cost housing are exempt from VAT.	Standard	20 percent
	5.1.1 VAT(Taxe sur la valeur ajoutée)	Based on turnover less purchases.		Reduced	11.1 percent
	5.1.2 Prepayment on various taxes(Acompte sur divers impôts (ASDI))	Prepayments on various taxes; withheld at source (sales or imports).	Sales to agricultural purchasing or production cooperatives, individual planters and farmers, nonindustrial fishermen; mining research companies engaged in exploration; and temporary admission prior to export are all exempt.	5 percent of sale price or c.i.f. customs value; 2.5 percent, 1.5 percent, and 0.2 percent on certain widely consumed products with small profit margins.
5.2 Selective excises on goods		Levied at the distribution stage.
	5.2.1 Petroleum products	In addition to the VAT on imports, specific taxes are also applicable.		Tax per liter (in CFA francs)
				Premium gasoline	153.7
				Regular gasoline	137.7
				Diesel fuel	48.1
				Kerosene	0.5
				Tax per kilogram (in CFA fiancs)
				Diesel oil	59.5
				Light fuel oil	1.5
				Heavy fuel oil	1.5
				Thick greases and mineral oils	1.5
	5.2.2 Alcoholic beverages (Taxe spéciale sur les boissons alcoolisées and taxe additionnelle sur les boissons lcoolisées)	Specific taxes.		Tax per liter (in CFA francs)
				Champagne	1,350
				Wines	500
				Sparkling wines	400
				Ordinary wines	77
				Beers	20-24
				Ciders	75
				Other beverages	2,200
				+ additional tax	2,600
	5.2.3 Tobacco	Specific tax.		CFAF 2,000-6,000 per kilogram.
	5.2.4 Timber taxes(Taxes forestières)	Felling tax(Taxe d’abattage). Logging area tax (Taxe de superficie). First concession of logging area. Replacement tax. Public interest tax.		CFAF 600-3,000 per cubic meter according to species. CFAF 100 per hectare per year. CFAF 300 per hectare per area. CFAF 200 per hectare area. CFAF 600,00 per logging area.
5.3 Selective taxes on services
	5.3.1 Tax on banking services(taxe sur les prestations de services (TPS))	Levied on all bank transactions.		Standard rate	25 percent
		Levied on all bank transactions.		On bank agios	10 percent
	5.3.2 Insurance tax	Levied on insurance premiums.	Life insurance and insurance against work-related accidents are exempt from this tax.	Category	Percent
				Maritime and aviation	7.0
				Fire	25.0
				Annuities	5.0
				Export credits	0.1
				Automobile insurance	14.5
				Other risks	14.5
5.4 Taxes on use of goods and property
	5.4.1 Business and professional licenses
	5.4.1.1 Business license tax(Patentes)	Annual tax levied on any individual or company engaged in trade, industry, or profession not expressly exempted.	Temporary exemption for new enterprises and permanent agricultural installations.	Fixed levy depending on type of business, plus a proportional levy of 10 percent on the rental value of the premises, plus additional levies.
	5.4.1.2 License tax(Licenses)	Annual tax levied on all wholesalers and retailers of alcoholic beverages.		CFAF 36,000-320,000, depending on the type of establishment and the region. Plus surcharges of 10 percent for national contribution and of 100 percent as additional levy.
	5.4.2 Motor vehicle tax	Annual tax on motor vehicles and pleasure boats.	Public administration and diplomats are exempt.	Vehicles	Tax (CFAF)
				Two wheels	3,000-12,000
				More than 2 wheels	10,000-250,000
				Boats depending on the horsepower	20,000-300,000
6. Taxes on international trade
6.1 Import duties
	6.1.1 Customs duty (Droit de douane)	Levied on c.i.f. or standard values. Tariffs are general, minimum, and preferential. Under the Lomé Convention, imports from the EC no longer receive preferential treatment in Côte d’Ivoire.	Certain foodstuffs and imports from the West African Economic Community member countries are exempt. Some equipment goods and raw materials are exempt under the Investment Code.	5 percent
	6.1.2 Fiscal import duty (Droit fiscal d’entrée)	Levied on c.i.f. or standard values.	Same exemptions as 6.1.1.	0, 5,10,15, and 20 percent
	6.1.3 VAT on imports	Levied on the c.i.f. or standard value of imports, plus customs and fiscal import duties.	Some goods (fertilizers, newspapers, cereals, and medicines) are exempt from VAT.	Standard	20 percent
	6.1.3 VAT on imports			Reduced	11.1 percent
	6.1.4 Special levy (Prélèvement communautaire de solidarité (PCS))	Levied on the c.i.f. or standard value of all imports shipped by sea from countries other than WAEMU.	Goods exempt from all other import duties are exempt.	0.5 percent
	6.1.5 Petroleum taxes	(i) Fiscal import duty and statistical fee on c.i.f. value of imported goods, or on the ex factory price of products manufactured by the public petroleum company.
		(ii) VAT (standard rate) on c.i.f value, including customs duty, statistical fee, and specific tax.		Standard	20 percent
	6.1.6 Import duty on alcoholic beverages (Taxe additionelle sur les boissons alcoolisées)			CFAF 2,600 per liter of pure alcohol.
	6.1.7 Tax on bullets (Taxe sur les cartouches)			CFAF 12 per bullet.
	6.1.8 Statistical fee	Levied on the c.i.f. value of all imports, including temporary admission.	Diplomatic imports and imports in transit are exempt.	2.6 percent
	6.1.9 Meat	Specific tax.		CFAF 20-600 per kilogram.
	6.1.10 Seafood	Specific tax.		CFAF 20 per kilogram.
	6.1.11 Jute bags	Specific tax.		CFAF 400 per kilogram.
6.2 Export duties
	6.2.1 Single export duty (Droit unique de sortie)	On cocoa, coffee, cola, shea, and cashew nuts, and timber.		Category	Rate
				Cocoa	CFAF 150 per kg.
				Coffee	CFAF 10 per kg.
				Cola nuts (ad valorem)	0-30 percent
				Cashew nuts	CFAF 10 per kg.
				Shea nuts	CFAF 10 per kg.
7. Other duties				Logs	1-35 percent
7.1 Stamp duties
	7.1.1 Registration duties	Levied on corporate and real estate transactions, and contracts.	Contracts for operations financed by certain public entities are exempt from these duties.	Fixed levy of CFAF 2,000-90,000, plus, for certain transactions, a proportional levy.
	7.1.2 Stamp duty	Levied on the following:
		(i) stamped paper;	Public treasury is exempt.	(i) Fixed levy of CFAF 1,000-4,000
		(ii) negotiable instruments; and		(ii) Proportional levy of 0.25-1 percent
		(iii) receipts.		(iii) CFAF 0-100 CFAF 100-50 CFAF 50,000 -100,000 by tranche of CFAF 1,000	exempt, 000 CFAF 30 CFAF 80 CFAF 60
	7.1.3 Residence permit	Stamp on identification card for security purposes.		Rate (in CFA francs) per year
				Non-Ivoirien Africans	5,000
				Other foreigners	50,000
7.2 Airport tax		Levied on persons leaving the country by air.		Leaving for an African
				Country	CFAF 1,000
				Leaving for another
				continent	CFAF 3,000

Côte d’Ivoire: Summaiy of the Tax System

(As of December 31, 1998)

Tax		Nature of Tax	Exemptions and Deductions	Rates
1. Taxes on income and profits
	In Côte d’Ivoire:, income taxes consist of a number of schedular taxes on particular categories of income, and a general progressive income tax.
1.1 Companies, partnerships, and individual enterprises
	1.1.1 Tax on industrial, commercial, and agri-cultural profits(Impôt sur les bénéfices industriels, commer-ciaux et agricoles (BIC))	Annual schedular tax levied on the net profits realized from activities carried on in Côte d’Ivoire. Medium-size enterprises are taxed on a simplified basis(régime réel simplifié). Small enterprises are subject to a global tax(impôt synthétique) that combines taxes on commercial and industrial profits, business licenses, and value-added tax (VAT).	Consumer cooperatives, low-cost housing companies, and agricultural credit institutions are exempt. Authorized deductions include property taxes and losses incurred during five previous years.	Individuals	25 percent
				Companies	35 percent
				Minimum flat-rate tax (IMF) of CFAF 2,000,000, or 0.15-0.5 percent of turnover, depending on the sector (maximum collection under the flat rate is CFAF 30,000,000). Under the simplified assessment, the minimum flat-rate tax is 2 percent of turnover.
1.2 Individuals
	1.2.1 Tax on noncommercial profits (Impôt sur les bênêfices non-commerciaux (BNC))	Annual schedular tax levied on earnings from the practice of an independent professional activity.	Deductions as in 1.1.1.	25 percent Minimum flat-rate tax (IMF) of 5 percent of gross income.
	1.2.2 Tax on salaries and wages (Impôt sur les traitements et salaires (ITS))	Annual schedular tax levied on income from salaries, wages, pensions, and annuities of residents; withheld at source.	Family allowances and certain benefits are exempt. Presumptive allowance of 20 percent for expenses.	1.5 percent (on 80 percent of gross income).
	1.2.3 National contribution (Contribution nationale)	Same base as 1.2.2.		Taxable monthly	Percent
				Income (CFAF) (80 percent of gross salary)
				0-50,000	exempt
				50,000-130,000	1.5
				130,000-200,000	5.0
				Over 200,000	10.0
1.2.4 National solidarity levy(Contribution nationale de solidaritê		Annual levy on gross income from wages, salaries, and indemnities.	Pensions and annuities are excluded.	1 percent
	1.2.5 General income tax(Impôt gênêral sur le revenu (IGR))	Annual tax levied on total net income of residents.	Retirement fund contributions (up to 6 percent) and specified expenditures (on a presumptive basis up to 15 percent) are deductible. Taxable income is divided by a coefficient based on family situation. The tax itself is deductible from net income (i.e., the maximum rate on taxable income (tax exclusive) is 37.5 percent).	Taxable income(CFAF) (tax inclusive)	Percent
				0-300,000	exempt
				301,000-547,000	10
				548,000-979,000	15
				980,000-1,519,000	20
				1,520,000-2,644,000	25
				2,645,000-4,669,000	35
				4,670,000-10,600,000	45
				Over 10,600,000	60
1.3 Taxes on income from movable capital
	1.3.1 Tax on income from securities(Impôt sur le revenu des valeurs mobiliéres (IRVM))	Withholding tax on income from stocks and bonds.	Tax credit against IGR.	Category	Percent
				Standard rate	12
				Securities quoted on Bourse des valeurs d’Abidjan(BVA)	10
				Distribution of profits exempt from BIC tax	18
				Bonds (lots)	25
				Certificates of deposit Bonds, five years and longer	25
				Bonds, five years and longer	6
	1.3.2 Tax on income from claims(Impôt sur le revenu des créances)	Withholding tax on interest.	IGR exemption for BRVM-quoted securities, and for West African Economic and Monetary Union (WAEMU) bonds.	Standard rate	8
				Interest paid by
				Ivoirien banks to: Individuals	13.5
				Enterprises (companies or individual enterprises)	16.5
				Interest on three-year loans extended by financial institutions domiciled abroad for investment goods	9
2. Social security contributions (Charges sociales)		(i) Family allowances; (ii) workmen’s compensation; and (iii) pensions.	For (i) and (ii) ceiling is annual salary of CFAF 840,000. For (iii) ceiling is monthly salary of CFAF 1,500,000.	(i) Employer	5.5 percent
				(ii) Employer	2-5 percent
				(iii) Employer	2.4 percent
				Employee	1.6 percent
3. Employers’ payroll taxes(Taxes sur les salaires à la charge des employeurs)
3.1 Payroll tax (Contribution à la charge des employeurs)		Annual tax payable by employers on total wages and salaries paid to expatriate staff in cash or kind.	20 percent presumptive allowance.	11.5 percent
3.2 Apprenticeship tax (Taxe d’apprentissage)		Annual tax payable by employers on total wages and salaries paid to staff in cash or kind.	20 percent presumptive allowance.	0.5 percent
3.3 Additional tax for vocational training		Same base as 3.2.	20 percent presumptive allowance.	1.5 percent
4. Taxes on property
4.1 Tax on developed property(Contribution foncière des propriétés bâties)		Levied on the rental value of buildings constructed with nontraditional materials.		Standard	15 percent
				Partially exempted buildings	9 percent
				Main residence	4 percent
				Certain buildings vacant for more than one year	4 percent
				Buildings vacant for more than six months	7.5 percent
4.2 Tax on undeveloped property(Contribution foncière des propriétés bâties)		Levied on assessed market value of undeveloped urban property.		For first two years after purchase	4 percent
				Third year	5 percent
				Subsequent years	6 percent
4.3 Tax on insufficiently used land(Surtaxe foncière sur les propriétés insuffisamment bâties)		Levied on that portion of the market value in excess of three times the rental value.	Not applicable if circumstances beyond the owner’s control prohibit construction.	Same as 4.2.
5. Taxes on goods and services
5.1 Turnover and value-added Tax (VAT)
	5.1.1 VAT(Taxe sur la valeur ajoutée)	Based on turnover less purchases.	Exports, some primary sector activities, and construction of low-cost housing are exempt from VAT.	Standard	20 percent
	5.1.1 VAT(Taxe sur la valeur ajoutée)	Based on turnover less purchases.		Reduced	11.1 percent
	5.1.2 Prepayment on various taxes(Acompte sur divers impôts (ASDI))	Prepayments on various taxes; withheld at source (sales or imports).	Sales to agricultural purchasing or production cooperatives, individual planters and farmers, nonindustrial fishermen; mining research companies engaged in exploration; and temporary admission prior to export are all exempt.	5 percent of sale price or c.i.f. customs value; 2.5 percent, 1.5 percent, and 0.2 percent on certain widely consumed products with small profit margins.
5.2 Selective excises on goods		Levied at the distribution stage.
	5.2.1 Petroleum products	In addition to the VAT on imports, specific taxes are also applicable.		Tax per liter (in CFA francs)
				Premium gasoline	153.7
				Regular gasoline	137.7
				Diesel fuel	48.1
				Kerosene	0.5
				Tax per kilogram (in CFA fiancs)
				Diesel oil	59.5
				Light fuel oil	1.5
				Heavy fuel oil	1.5
				Thick greases and mineral oils	1.5
	5.2.2 Alcoholic beverages (Taxe spéciale sur les boissons alcoolisées and taxe additionnelle sur les boissons lcoolisées)	Specific taxes.		Tax per liter (in CFA francs)
				Champagne	1,350
				Wines	500
				Sparkling wines	400
				Ordinary wines	77
				Beers	20-24
				Ciders	75
				Other beverages	2,200
				+ additional tax	2,600
	5.2.3 Tobacco	Specific tax.		CFAF 2,000-6,000 per kilogram.
	5.2.4 Timber taxes(Taxes forestières)	Felling tax(Taxe d’abattage). Logging area tax (Taxe de superficie). First concession of logging area. Replacement tax. Public interest tax.		CFAF 600-3,000 per cubic meter according to species. CFAF 100 per hectare per year. CFAF 300 per hectare per area. CFAF 200 per hectare area. CFAF 600,00 per logging area.
5.3 Selective taxes on services
	5.3.1 Tax on banking services(taxe sur les prestations de services (TPS))	Levied on all bank transactions.		Standard rate	25 percent
		Levied on all bank transactions.		On bank agios	10 percent
	5.3.2 Insurance tax	Levied on insurance premiums.	Life insurance and insurance against work-related accidents are exempt from this tax.	Category	Percent
				Maritime and aviation	7.0
				Fire	25.0
				Annuities	5.0
				Export credits	0.1
				Automobile insurance	14.5
				Other risks	14.5
5.4 Taxes on use of goods and property
	5.4.1 Business and professional licenses
	5.4.1.1 Business license tax(Patentes)	Annual tax levied on any individual or company engaged in trade, industry, or profession not expressly exempted.	Temporary exemption for new enterprises and permanent agricultural installations.	Fixed levy depending on type of business, plus a proportional levy of 10 percent on the rental value of the premises, plus additional levies.
	5.4.1.2 License tax(Licenses)	Annual tax levied on all wholesalers and retailers of alcoholic beverages.		CFAF 36,000-320,000, depending on the type of establishment and the region. Plus surcharges of 10 percent for national contribution and of 100 percent as additional levy.
	5.4.2 Motor vehicle tax	Annual tax on motor vehicles and pleasure boats.	Public administration and diplomats are exempt.	Vehicles	Tax (CFAF)
				Two wheels	3,000-12,000
				More than 2 wheels	10,000-250,000
				Boats depending on the horsepower	20,000-300,000
6. Taxes on international trade
6.1 Import duties
	6.1.1 Customs duty (Droit de douane)	Levied on c.i.f. or standard values. Tariffs are general, minimum, and preferential. Under the Lomé Convention, imports from the EC no longer receive preferential treatment in Côte d’Ivoire.	Certain foodstuffs and imports from the West African Economic Community member countries are exempt. Some equipment goods and raw materials are exempt under the Investment Code.	5 percent
	6.1.2 Fiscal import duty (Droit fiscal d’entrée)	Levied on c.i.f. or standard values.	Same exemptions as 6.1.1.	0, 5,10,15, and 20 percent
	6.1.3 VAT on imports	Levied on the c.i.f. or standard value of imports, plus customs and fiscal import duties.	Some goods (fertilizers, newspapers, cereals, and medicines) are exempt from VAT.	Standard	20 percent
	6.1.3 VAT on imports			Reduced	11.1 percent
	6.1.4 Special levy (Prélèvement communautaire de solidarité (PCS))	Levied on the c.i.f. or standard value of all imports shipped by sea from countries other than WAEMU.	Goods exempt from all other import duties are exempt.	0.5 percent
	6.1.5 Petroleum taxes	(i) Fiscal import duty and statistical fee on c.i.f. value of imported goods, or on the ex factory price of products manufactured by the public petroleum company.
		(ii) VAT (standard rate) on c.i.f value, including customs duty, statistical fee, and specific tax.		Standard	20 percent
	6.1.6 Import duty on alcoholic beverages (Taxe additionelle sur les boissons alcoolisées)			CFAF 2,600 per liter of pure alcohol.
	6.1.7 Tax on bullets (Taxe sur les cartouches)			CFAF 12 per bullet.
	6.1.8 Statistical fee	Levied on the c.i.f. value of all imports, including temporary admission.	Diplomatic imports and imports in transit are exempt.	2.6 percent
	6.1.9 Meat	Specific tax.		CFAF 20-600 per kilogram.
	6.1.10 Seafood	Specific tax.		CFAF 20 per kilogram.
	6.1.11 Jute bags	Specific tax.		CFAF 400 per kilogram.
6.2 Export duties
	6.2.1 Single export duty (Droit unique de sortie)	On cocoa, coffee, cola, shea, and cashew nuts, and timber.		Category	Rate
				Cocoa	CFAF 150 per kg.
				Coffee	CFAF 10 per kg.
				Cola nuts (ad valorem)	0-30 percent
				Cashew nuts	CFAF 10 per kg.
				Shea nuts	CFAF 10 per kg.
7. Other duties				Logs	1-35 percent
7.1 Stamp duties
	7.1.1 Registration duties	Levied on corporate and real estate transactions, and contracts.	Contracts for operations financed by certain public entities are exempt from these duties.	Fixed levy of CFAF 2,000-90,000, plus, for certain transactions, a proportional levy.
	7.1.2 Stamp duty	Levied on the following:
		(i) stamped paper;	Public treasury is exempt.	(i) Fixed levy of CFAF 1,000-4,000
		(ii) negotiable instruments; and		(ii) Proportional levy of 0.25-1 percent
		(iii) receipts.		(iii) CFAF 0-100 CFAF 100-50 CFAF 50,000 -100,000 by tranche of CFAF 1,000	exempt, 000 CFAF 30 CFAF 80 CFAF 60
	7.1.3 Residence permit	Stamp on identification card for security purposes.		Rate (in CFA francs) per year
				Non-Ivoirien Africans	5,000
				Other foreigners	50,000
7.2 Airport tax		Levied on persons leaving the country by air.		Leaving for an African
				Country	CFAF 1,000
				Leaving for another
				continent	CFAF 3,000

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Cote D'ivoire: Statistical Appendix

Author:

International Monetary Fund

Volume/Issue:: Volume 1999: Issue 070

Publisher:: International Monetary Fund

ISBN:: 9781451807844

ISSN:: 1934-7685

Pages:: 69

DOI:: https://doi.org/10.5089/9781451807844.002

Keywords

Côte d’Ivoire: Summaiy of the Tax System

(As of December 31, 1998)

Tax		Nature of Tax	Exemptions and Deductions	Rates
1. Taxes on income and profits
	In Côte d’Ivoire:, income taxes consist of a number of schedular taxes on particular categories of income, and a general progressive income tax.
1.1 Companies, partnerships, and individual enterprises
	1.1.1 Tax on industrial, commercial, and agri-cultural profits(Impôt sur les bénéfices industriels, commer-ciaux et agricoles (BIC))	Annual schedular tax levied on the net profits realized from activities carried on in Côte d’Ivoire. Medium-size enterprises are taxed on a simplified basis(régime réel simplifié). Small enterprises are subject to a global tax(impôt synthétique) that combines taxes on commercial and industrial profits, business licenses, and value-added tax (VAT).	Consumer cooperatives, low-cost housing companies, and agricultural credit institutions are exempt. Authorized deductions include property taxes and losses incurred during five previous years.	Individuals	25 percent
				Companies	35 percent
				Minimum flat-rate tax (IMF) of CFAF 2,000,000, or 0.15-0.5 percent of turnover, depending on the sector (maximum collection under the flat rate is CFAF 30,000,000). Under the simplified assessment, the minimum flat-rate tax is 2 percent of turnover.
1.2 Individuals
	1.2.1 Tax on noncommercial profits (Impôt sur les bênêfices non-commerciaux (BNC))	Annual schedular tax levied on earnings from the practice of an independent professional activity.	Deductions as in 1.1.1.	25 percent Minimum flat-rate tax (IMF) of 5 percent of gross income.
	1.2.2 Tax on salaries and wages (Impôt sur les traitements et salaires (ITS))	Annual schedular tax levied on income from salaries, wages, pensions, and annuities of residents; withheld at source.	Family allowances and certain benefits are exempt. Presumptive allowance of 20 percent for expenses.	1.5 percent (on 80 percent of gross income).
	1.2.3 National contribution (Contribution nationale)	Same base as 1.2.2.		Taxable monthly	Percent
				Income (CFAF) (80 percent of gross salary)
				0-50,000	exempt
				50,000-130,000	1.5
				130,000-200,000	5.0
				Over 200,000	10.0
1.2.4 National solidarity levy(Contribution nationale de solidaritê		Annual levy on gross income from wages, salaries, and indemnities.	Pensions and annuities are excluded.	1 percent
	1.2.5 General income tax(Impôt gênêral sur le revenu (IGR))	Annual tax levied on total net income of residents.	Retirement fund contributions (up to 6 percent) and specified expenditures (on a presumptive basis up to 15 percent) are deductible. Taxable income is divided by a coefficient based on family situation. The tax itself is deductible from net income (i.e., the maximum rate on taxable income (tax exclusive) is 37.5 percent).	Taxable income(CFAF) (tax inclusive)	Percent
				0-300,000	exempt
				301,000-547,000	10
				548,000-979,000	15
				980,000-1,519,000	20
				1,520,000-2,644,000	25
				2,645,000-4,669,000	35
				4,670,000-10,600,000	45
				Over 10,600,000	60
1.3 Taxes on income from movable capital
	1.3.1 Tax on income from securities(Impôt sur le revenu des valeurs mobiliéres (IRVM))	Withholding tax on income from stocks and bonds.	Tax credit against IGR.	Category	Percent
				Standard rate	12
				Securities quoted on Bourse des valeurs d’Abidjan(BVA)	10
				Distribution of profits exempt from BIC tax	18
				Bonds (lots)	25
				Certificates of deposit Bonds, five years and longer	25
				Bonds, five years and longer	6
	1.3.2 Tax on income from claims(Impôt sur le revenu des créances)	Withholding tax on interest.	IGR exemption for BRVM-quoted securities, and for West African Economic and Monetary Union (WAEMU) bonds.	Standard rate	8
				Interest paid by
				Ivoirien banks to: Individuals	13.5
				Enterprises (companies or individual enterprises)	16.5
				Interest on three-year loans extended by financial institutions domiciled abroad for investment goods	9
2. Social security contributions (Charges sociales)		(i) Family allowances; (ii) workmen’s compensation; and (iii) pensions.	For (i) and (ii) ceiling is annual salary of CFAF 840,000. For (iii) ceiling is monthly salary of CFAF 1,500,000.	(i) Employer	5.5 percent
				(ii) Employer	2-5 percent
				(iii) Employer	2.4 percent
				Employee	1.6 percent
3. Employers’ payroll taxes(Taxes sur les salaires à la charge des employeurs)
3.1 Payroll tax (Contribution à la charge des employeurs)		Annual tax payable by employers on total wages and salaries paid to expatriate staff in cash or kind.	20 percent presumptive allowance.	11.5 percent
3.2 Apprenticeship tax (Taxe d’apprentissage)		Annual tax payable by employers on total wages and salaries paid to staff in cash or kind.	20 percent presumptive allowance.	0.5 percent
3.3 Additional tax for vocational training		Same base as 3.2.	20 percent presumptive allowance.	1.5 percent
4. Taxes on property
4.1 Tax on developed property(Contribution foncière des propriétés bâties)		Levied on the rental value of buildings constructed with nontraditional materials.		Standard	15 percent
				Partially exempted buildings	9 percent
				Main residence	4 percent
				Certain buildings vacant for more than one year	4 percent
				Buildings vacant for more than six months	7.5 percent
4.2 Tax on undeveloped property(Contribution foncière des propriétés bâties)		Levied on assessed market value of undeveloped urban property.		For first two years after purchase	4 percent
				Third year	5 percent
				Subsequent years	6 percent
4.3 Tax on insufficiently used land(Surtaxe foncière sur les propriétés insuffisamment bâties)		Levied on that portion of the market value in excess of three times the rental value.	Not applicable if circumstances beyond the owner’s control prohibit construction.	Same as 4.2.
5. Taxes on goods and services
5.1 Turnover and value-added Tax (VAT)
	5.1.1 VAT(Taxe sur la valeur ajoutée)	Based on turnover less purchases.	Exports, some primary sector activities, and construction of low-cost housing are exempt from VAT.	Standard	20 percent
	5.1.1 VAT(Taxe sur la valeur ajoutée)	Based on turnover less purchases.		Reduced	11.1 percent
	5.1.2 Prepayment on various taxes(Acompte sur divers impôts (ASDI))	Prepayments on various taxes; withheld at source (sales or imports).	Sales to agricultural purchasing or production cooperatives, individual planters and farmers, nonindustrial fishermen; mining research companies engaged in exploration; and temporary admission prior to export are all exempt.	5 percent of sale price or c.i.f. customs value; 2.5 percent, 1.5 percent, and 0.2 percent on certain widely consumed products with small profit margins.
5.2 Selective excises on goods		Levied at the distribution stage.
	5.2.1 Petroleum products	In addition to the VAT on imports, specific taxes are also applicable.		Tax per liter (in CFA francs)
				Premium gasoline	153.7
				Regular gasoline	137.7
				Diesel fuel	48.1
				Kerosene	0.5
				Tax per kilogram (in CFA fiancs)
				Diesel oil	59.5
				Light fuel oil	1.5
				Heavy fuel oil	1.5
				Thick greases and mineral oils	1.5
	5.2.2 Alcoholic beverages (Taxe spéciale sur les boissons alcoolisées and taxe additionnelle sur les boissons lcoolisées)	Specific taxes.		Tax per liter (in CFA francs)
				Champagne	1,350
				Wines	500
				Sparkling wines	400
				Ordinary wines	77
				Beers	20-24
				Ciders	75
				Other beverages	2,200
				+ additional tax	2,600
	5.2.3 Tobacco	Specific tax.		CFAF 2,000-6,000 per kilogram.
	5.2.4 Timber taxes(Taxes forestières)	Felling tax(Taxe d’abattage). Logging area tax (Taxe de superficie). First concession of logging area. Replacement tax. Public interest tax.		CFAF 600-3,000 per cubic meter according to species. CFAF 100 per hectare per year. CFAF 300 per hectare per area. CFAF 200 per hectare area. CFAF 600,00 per logging area.
5.3 Selective taxes on services
	5.3.1 Tax on banking services(taxe sur les prestations de services (TPS))	Levied on all bank transactions.		Standard rate	25 percent
		Levied on all bank transactions.		On bank agios	10 percent
	5.3.2 Insurance tax	Levied on insurance premiums.	Life insurance and insurance against work-related accidents are exempt from this tax.	Category	Percent
				Maritime and aviation	7.0
				Fire	25.0
				Annuities	5.0
				Export credits	0.1
				Automobile insurance	14.5
				Other risks	14.5
5.4 Taxes on use of goods and property
	5.4.1 Business and professional licenses
	5.4.1.1 Business license tax(Patentes)	Annual tax levied on any individual or company engaged in trade, industry, or profession not expressly exempted.	Temporary exemption for new enterprises and permanent agricultural installations.	Fixed levy depending on type of business, plus a proportional levy of 10 percent on the rental value of the premises, plus additional levies.
	5.4.1.2 License tax(Licenses)	Annual tax levied on all wholesalers and retailers of alcoholic beverages.		CFAF 36,000-320,000, depending on the type of establishment and the region. Plus surcharges of 10 percent for national contribution and of 100 percent as additional levy.
	5.4.2 Motor vehicle tax	Annual tax on motor vehicles and pleasure boats.	Public administration and diplomats are exempt.	Vehicles	Tax (CFAF)
				Two wheels	3,000-12,000
				More than 2 wheels	10,000-250,000
				Boats depending on the horsepower	20,000-300,000
6. Taxes on international trade
6.1 Import duties
	6.1.1 Customs duty (Droit de douane)	Levied on c.i.f. or standard values. Tariffs are general, minimum, and preferential. Under the Lomé Convention, imports from the EC no longer receive preferential treatment in Côte d’Ivoire.	Certain foodstuffs and imports from the West African Economic Community member countries are exempt. Some equipment goods and raw materials are exempt under the Investment Code.	5 percent
	6.1.2 Fiscal import duty (Droit fiscal d’entrée)	Levied on c.i.f. or standard values.	Same exemptions as 6.1.1.	0, 5,10,15, and 20 percent
	6.1.3 VAT on imports	Levied on the c.i.f. or standard value of imports, plus customs and fiscal import duties.	Some goods (fertilizers, newspapers, cereals, and medicines) are exempt from VAT.	Standard	20 percent
	6.1.3 VAT on imports			Reduced	11.1 percent
	6.1.4 Special levy (Prélèvement communautaire de solidarité (PCS))	Levied on the c.i.f. or standard value of all imports shipped by sea from countries other than WAEMU.	Goods exempt from all other import duties are exempt.	0.5 percent
	6.1.5 Petroleum taxes	(i) Fiscal import duty and statistical fee on c.i.f. value of imported goods, or on the ex factory price of products manufactured by the public petroleum company.
		(ii) VAT (standard rate) on c.i.f value, including customs duty, statistical fee, and specific tax.		Standard	20 percent
	6.1.6 Import duty on alcoholic beverages (Taxe additionelle sur les boissons alcoolisées)			CFAF 2,600 per liter of pure alcohol.
	6.1.7 Tax on bullets (Taxe sur les cartouches)			CFAF 12 per bullet.
	6.1.8 Statistical fee	Levied on the c.i.f. value of all imports, including temporary admission.	Diplomatic imports and imports in transit are exempt.	2.6 percent
	6.1.9 Meat	Specific tax.		CFAF 20-600 per kilogram.
	6.1.10 Seafood	Specific tax.		CFAF 20 per kilogram.
	6.1.11 Jute bags	Specific tax.		CFAF 400 per kilogram.
6.2 Export duties
	6.2.1 Single export duty (Droit unique de sortie)	On cocoa, coffee, cola, shea, and cashew nuts, and timber.		Category	Rate
				Cocoa	CFAF 150 per kg.
				Coffee	CFAF 10 per kg.
				Cola nuts (ad valorem)	0-30 percent
				Cashew nuts	CFAF 10 per kg.
				Shea nuts	CFAF 10 per kg.
7. Other duties				Logs	1-35 percent
7.1 Stamp duties
	7.1.1 Registration duties	Levied on corporate and real estate transactions, and contracts.	Contracts for operations financed by certain public entities are exempt from these duties.	Fixed levy of CFAF 2,000-90,000, plus, for certain transactions, a proportional levy.
	7.1.2 Stamp duty	Levied on the following:
		(i) stamped paper;	Public treasury is exempt.	(i) Fixed levy of CFAF 1,000-4,000
		(ii) negotiable instruments; and		(ii) Proportional levy of 0.25-1 percent
		(iii) receipts.		(iii) CFAF 0-100 CFAF 100-50 CFAF 50,000 -100,000 by tranche of CFAF 1,000	exempt, 000 CFAF 30 CFAF 80 CFAF 60
	7.1.3 Residence permit	Stamp on identification card for security purposes.		Rate (in CFA francs) per year
				Non-Ivoirien Africans	5,000
				Other foreigners	50,000
7.2 Airport tax		Levied on persons leaving the country by air.		Leaving for an African
				Country	CFAF 1,000
				Leaving for another
				continent	CFAF 3,000

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