ABIDJAN, June 23 – Ivory Coast has approved a budget that assumes the economy will shrink by more than 6 percent this year after the country’s violent political crisis, according to the finance ministry.
A document obtained by Reuters shows the heavily donor-funded budget, passed by the county’s council of ministers late on Wednesday, will total 3.05 trillion CFA francs for the rest of 2011, an increase of over 5 percent on last year’s budget.
Source: Reuters Africa newsletter
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