Ivory Coast Archives - Economy Watch

IMF Releases Glowing Report on Ivory Coast Economy

A name not often associated with positive news stories has turned a corner. Reuters reported this week on new predictions by the International Monetary Fund (IMF) that show immense economic growth over the next three years.

Ivory Coast Economy Set to Grow in 2015

According to the International Monetary Fund, Ivory Coast’s economy will grow 7.9 percent this year, followed by over 7.0 percent for 2016 and 2017. However, the government expected a greater range of 9.0 percent growth.

Million Euro Fine for Dumping Oil Sludge Off Ivory Coast

A Dutch court recently imposed the maximum fine of 1 million Euros, or $1.28 million,

on the oil trading company Trafigura for illegally exporting highly toxic sludge that ended up dumped in Ivory Coast.

The stinking waste was eventually linked to the deaths of 16 people and thousands of illnesses in 2006.

The court also found the company guilty of covering up the hazardous nature of the waste when it first tried to unload its unusually toxic slops,