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Country Risk Service Cote d'Ivoire 4th Quarter Updater

  • ID: 4895351
  • Country Profile
  • December 2019
  • Region: Global
  • 21 Pages
  • The Economist Intelligence Unit
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Sovereign risk remains B-rated. The rating is supported by good access to financing and robust economic growth. However, many challenges remain, including Côte d'Ivoire's twin fiscal and current account deficits, rising debt stock, the opacity of its public financial management and simmering political tensions ahead of the 2020 presidential election.

The currency risk rating remains at BB, underpinned by the CFA franc's peg to the euro, which is expected to be maintained, as any devaluation would damage the Franc Zone's reputation as a trade and investment destination. Given the French Treasury's guarantee of the CFA franc, investors can rely on its convertibility, and exchange controls will continue to be loosely enforced.

Banking sector risk remains at BB. This is underpinned by reasonably sound credit management, a high level of provisioning, and improving (although still fairly thin) capital buffers. However, a high non-performing loan ratio will continue to weigh on the overall rating.
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Country Risk Service Cote d'Ivoire 4th Quarter Updater

Risk assessment
Sovereign risk
Currency risk
Banking sector risk
Political risk
Economic structure risk

Definitions
Sovereign risk
Currency risk
Banking sector risk
Political risk
Economic structure risk
Overall country risk

Central scenario for 2020-24: Political stability

Central scenario for 2020-24: Election watch

Central scenario for 2020-24: International relations

Central scenario for 2020-24: Policy trends

Central scenario for 2020-24: Fiscal policy

Central scenario for 2020-24: Monetary policy

Central scenario for 2020-24: Economic growth

Central scenario for 2020-24: Inflation

Central scenario for 2020-24: Exchange rates

Central scenario for 2020-24: External sector

Key risk indicators

Ratings summary

Quarterly indicators

International assumptions summary

Economic structure

Public finances

Exchange rates, interest rates and prices

Financial sector

Current account

International liquidity

Foreign payment and liquidity indicators

External trade

External financing requirement

External debt stock

External debt service

Note: Product cover images may vary from those shown
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