Tuesday , October 4 2022

Côte d'Ivoire wants to reach the 60% return rate on export earnings by the end of 2018


(Agence Ecofin) – Côte d'Ivoire (Ivory Coast), Idaho Côte (photo), Côte d'Ivoire hopes to achieve a 60% repatriation rate of export earnings by the end of 2018. He said on Thursday 8 November Grand Bassam, on the sidelines of an information, awareness and exchange seminar for mining, oil and cocoa who export cocoa to re-export export recipes.

In fact, according to the Central Bank's regular reports, the rate of repatriation of exports to Côte d'Ivoire increased from 30% in 2017 to 50% at the end of July 2018.

Adama Koné also noted that the rate of repatriation of these revenues remained low due to non-compliance with the regulatory procedures in this regard by holding banks and some oil, mining and coffee and cocoa operators. "The installation rate for export records in these three key sectors of our economy is 26% respectively for the oil sector, 32% for mines and 12% for the coffee and cocoa sector. in 2017, more than 90% of the default of the occupation, reducing the possibilities of transferring BCEAO's currency, explained.

For his part, the President of the CNSRRE, Assahoré Konan Jacques, stated that, despite the various actions taken to increase this rate, he remained one of the most WAEMUs and under his Community rule 80%.

To change the game, Assahoré Konan Jacques proposed the creation of central repatriation of export earnings, coupled with the development of a unit that has been finalized to facilitate the assignment of responsible actors.

It is recalled that the CNSRRE was set up in 2014 to monitor the various export companies and banks in accordance with their respective obligations regarding housing and the repatriation of export earnings.

Flora Bad

Source link