From Star Africa

Ivory Coast’s economy is expected to grow by 8 percent in 2014/2015 fiscal year, the International Monetary Fund (IMF) said on Friday in a statement.After a visit led by Michel Lazare to the West African country, the IMF said macroeconomic performance in the first half of 2014 was solid, with continued strong economic activity, particularly in the construction, public work and service sectors.

It said the draft 2015 budget seeks to support near and medium-term growth through a further expansion of public investment.

The world’s leading producer of cocoa successfully issued in July 2014 a Eurobond, raising $750 million to help finance the budget, extend average debt maturities and repay some domestic debt.

Ivory Coast has made a remarkable economic recovery since a brief civil war that began in 2010 and President Alassane Ouattara is expected to win reelection next year.

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