Economics
IMF Says Ivory Coast Must Improve Tax System to Keep Growth
- Nation needs to collect more taxes, simpify payment process
- IMF forecasts GDP expansion will slow to 7.3% this year
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Ivory Coast must improve its tax system if the world’s biggest cocoa producer wants to maintain economic growth of at least 7 percent, the International Monetary Fund said.
“The key for Ivory Coast is revenue,” Jose Gijon, the resident representative for the Washington-based lender, said in an interview in the commercial capital of Abidjan Wednesday. “The government needs to create sufficient fiscal space if it wants to become an emerging country and for that, it needs higher income.”