Political risk remains elevated. The divided landscape was evident even
before President Ouattara took office. Policymakers face growing demands for
salary raises, including by mutinous soldiers. In this context, lower
commodity prices and the effort to keep fiscal balances in check will be
difficult to manage.
The overall policy stance is generally sound and the IMF in its most recent review of the country’s reform programme (end-May 2016)² indicated that economic performance has “been impressive” and the outlook is “favorable”. The Fund is likely to provide further financial assistance, if requested; an Extended Credit Facility (ECF) expired in December 2015. Moreover, regional (including the AfDB and UEMOA, see below) and other multilateral agencies remain supportive. Indeed, in May 2016, more than USD15bn was pledged at a donor meeting, almost double the amount Côte d’Ivoire was seeking to help fund a five-year development programme.
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Leslie Hindman Auctioneers, an auction house with branches across the ., stopped accepting ivory in March 2014 because management considered the regulations too unclear. “Leslie Hindman Auctioneers actively chose not to sell any form of ivory until the Endangered Species Act was more clearly defined,” Molly Gron, the company’s director of business development, wrote in an email. With the new regulations , the company intends to sell ivory again. “We will resume ivory sales at our auction house in strict accordance with all guidelines, ” Gron wrote.