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WEEKLY NEWSLETTER
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Ivory Coast
Index
In spite of its reputation for having liberal,
noninterventionist economic policies, the Ivoirian
government
played a pivotal role in the domestic economy. Acting
primarily
through the Ministry of Planning and the Ministry of
Finance, the
government directed fiscal and monetary strategies over
the long
term and intervened in the short term in response to
changing
market conditions. The Ministry of Planning was
responsible for
coordinating long-term development projects, while the
Ministry of
Finance was responsible for financing annual investment.
The
technical ministries, such as the Ministry of Mining, the
Ministry
of Trade, and the Ministry of Industry, were responsible
for
preparing and implementing projects. The Ministry of
Planning
played the central role. It mediated between the technical
ministries and the public enterprises on the one hand and
the
Ministry of Finance and the government (in its role as the
formulator of economic objectives) on the other hand. The
Ministry
of Finance translated the government's policy objectives
into a set
of long-term output and investment targets and an
aggregate
investment package. The Ministry of Planning and the
technical
ministries then used the guidelines to undertake those
projects
that were deemed feasible and would most contribute to
achieving
the plan's output and investment targets.
Beginning in 1960, the Ministry of Planning prepared a
series
of ten-year projections. Subsequently, these were replaced
by a
series of five-year plans that had built into them a
three-year
"rolling" program called the Loi Programme. The five-year
plans
formulated the overall objectives, set priorities, and
provided a
macroeconomic framework for the country's development. The
threeyear overlapping Loi Programmes examined individual
projects,
taking into account progress toward implementation, annual
changes
in costs, and political impact.
Data as of November 1988
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