Ivory Coast Moves Beyond War to Become a West African Powerhouse
Five years after a brutal civil conflict, nation’s economy surges, even as domestic political tensions linger
ABIDJAN, Ivory Coast—This West African country in October became the continent’s fastest-growing economy, a sharp reversal from 2011, when a bloody civil conflict left 3,000 people dead.
The International Monetary Fund said surging foreign investment, political stability and firm prices for its main crops helped the nation of 25 million people surpass Ethiopia. The World Bank expects growth here to hit 8.5% this year, the second-fastest in the world after Myanmar.
Ivory Coast’s performance stands in contrast with that of economies like Nigeria and Angola, which fell into recession as the price of oil collapsed, and other African democracies have cited Ivory Coast’s economic success as a model.
An infrastructure boom has helped revive the country’s historic role as a hub for West Africa’s market of 300 million consumers, and has drawn the country’s elite back from Europe, the U.S. and Canada to capitalize on the opportunities
http://www.wsj.com/articles/ivory-c...a-west-african-powerhouse-1482423984?mobile=y
But "muh tuulo" though.
Five years after a brutal civil conflict, nation’s economy surges, even as domestic political tensions linger
ABIDJAN, Ivory Coast—This West African country in October became the continent’s fastest-growing economy, a sharp reversal from 2011, when a bloody civil conflict left 3,000 people dead.
The International Monetary Fund said surging foreign investment, political stability and firm prices for its main crops helped the nation of 25 million people surpass Ethiopia. The World Bank expects growth here to hit 8.5% this year, the second-fastest in the world after Myanmar.
Ivory Coast’s performance stands in contrast with that of economies like Nigeria and Angola, which fell into recession as the price of oil collapsed, and other African democracies have cited Ivory Coast’s economic success as a model.
An infrastructure boom has helped revive the country’s historic role as a hub for West Africa’s market of 300 million consumers, and has drawn the country’s elite back from Europe, the U.S. and Canada to capitalize on the opportunities
http://www.wsj.com/articles/ivory-c...a-west-african-powerhouse-1482423984?mobile=y
But "muh tuulo" though.
