Ivory Coast: one of the 5 most promising markets of 2022

According to a recent analysis carried out by Crédito y Caución, the five markets best positioned for a growth recovery and to offer new business opportunities during this year 2022 are Ivory Coast, Uruguay, Israel, Qatar and Taiwan.

These countries have characteristics that make them markets that are specially prepared to offer new opportunities to exporters and investors in a global economic scenario that is gradually recovering after the COVID-19 crisis.

The three criteria that the study has taken into account to determine its results have been: good forecasts for the recovery of its GDP, effective containment of the pandemic and greater institutional stability of its economic policies and institutions.

“These economies are recovering well and their prospects are generally well insulated from negative developments in the pandemic, thanks to extensive vaccination rollouts and low infection rates,” the report explains.

Specifically, Côte d’Ivoire presents particularly favorable results. It is expected to experience one of the highest growth rates globally in the coming years, with a forecast of 6.9% for 2022. The factors that have helped to extract these forecasts are its favorable results in terms of its economy: the country is a major agricultural producer and world leader in the export of cocoa and cashew nuts.

Its National Development Plan 2021-2025 will also contribute to this growth. Another potential sector in Côte d’Ivoire is energy, as Côte d’Ivoire works to be a regional electricity hub with 42% coming from renewables by 2035.