Following the first meeting of the Inclusive Framework on BEPS in Japan, on 30 June-1 July, and recent regional meetings, more countries and jurisdictions are joining the framework. The Inclusive Framework on BEPS welcomed Kazakhstan, Côte d’Ivoire and Bermuda bringing to 94 the total number of countries and jurisdictions participating on an equal footing in the project.
The OECD Development Centre, in collaboration with the Presidency of the Republic of Côte d'Ivoire and the Ministry for the Promotion of Youth, Youth Employment and Civic Service, held a brainstorming workshop to discuss "The National Youth Policy (NPC) 2016-2020". This workshop was organized as part of the Youth Inclusion project.
Since the end of the 2011 post-electoral crisis, Côte d'Ivoire has experienced strong growth, but this rapid expansion of the economy has not been accompanied by real improvements in youth well-being. Although young people aged 15–29 currently account for more than one-quarter of the total population, they remain a particularly vulnerable group in societ.
The Multi-dimensional Review of Côte d'Ivoire aims to support the crafting of a development strategy for Côte d'Ivoire to reach emergence, the status of emergent economy, in 2020. The report recommends that Ivorian authorities focus on diversifying Côte d'Ivoire’s economy towards a more industrialised and modern structure, while supporting the economy’s competitiveness. To achieve this goal, Côte d'Ivoire needs to improve and develop its infrastructure network in the entire territory, encourage private sector investment in particular in SMEs, and improve education levels. A tax system that generates less distortion and more revenue to finance the growing needs of the country will also be required. This report details recommendations for each thematic area aimed at removing obstacles to emergence.
The successful implementation of these reforms will require a more efficient public administration to promote the priority projects, stimulate more changes and ensure the operationalisation of actions. This report also provides a dashboard that tracks progress and provides the basis for the evaluation of changes leading to emergence in 2020.
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For the first time since 2008, the West African region recorded a growth rate below the continental average (3.7% in 2015). With growth estimated at 3.3%, the West African economy was less dynamic than that of East Africa (6.3%), Central Africa (3.7%) and North Africa (3.5 %), but stronger than that of Southern Africa (2.8%). This performance is mainly due to the economic downturn in Nigeria.
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According to the 2016 Ibrahim Index of African Governance (IIAG), governance in Africa has overall slightly improved over the past decade but the security situation has clearly become worse: two out of three Africans live in a country where safety and the rule of law deteriorated over the past ten years. The ECOWAS area is the second best-performing African region, after southern Africa.
The economy continued its robust two-year growth in 2014 at an estimated 8.3%, with similar expansion expected in 2015 and 2016, driven by internal and external demand. Public and private infrastructure investment and household consumption accounted for most internal demand, while external demand boosted commodity exports thanks to higher world prices.
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
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4-page policy note detailing the key results and recommendations from OECD Trade Policy Paper 179 on the Participation of Developing Countries in Global Value Chains.
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24-page summary paper of the OECD trade policy paper #179 on participation of developing countries in global value chains available on the OECD iLibrary.