Over the past ten months, the government of Côte d’Ivoire has developed an interim poverty reduction strategy paper (I-PRSP) that takes stock of current policies and challenges facing the government and that outlines the main strategy to reduce poverty. The paper presents the participatory process used in preparing the I-PRSP and describes the future plan for an even broader consultation process under the PRSP. The paper meets the requirements for an I-PRSP and provides a sound basis for developing a fully participatory PRSP, as well as an adequate framework for continued Fund and IDA assistance to Côte d’Ivoire.
The agreement reached at Doha in May 2008 paved the way for the election of a new president and the formation of a new national unity government, which was sworn in on July 11, 2008. The government’s principal task is now to prepare for the legislative elections of May 2009. In parallel, the country’s main political forces have resumed their national dialogue under the auspices of President Suleiman, with a view to finding a solution to the contentious political issues that have fueled internal strife and dissent.
After sharp price run-ups through mid-2008, the commodity price boom ended abruptly with the financial crisis and the onset of the global downturn. The collapse of commodity prices largely reflected much weaker demand prospects, with financial factors playing a secondary role.