Econometric models help countries to better forecast the use of the scarce resources and improve the life of their population.
DS Institute is supporting the government of Cote d’Ivoire to develop its new macro econometric model.
After 10 years of social unrest and civil war, since 2011, Côte d’Ivoire is experiencing an average economic growth rate of 7% per year. To sustain this rapid recovering, the country decided to design and implement a robust macro econometric model to support its forecasting and development planning.
DS Institute is supporting the government to design this important model since October 2019. The main objective of this assistance is to design a model aligned with the latest economic and social development of Cote d’Ivoire and strengthen the capacity of the staff of the ministry of economy and finance.
For the next six months, DS Institute team will be strengthening the capacity of the Ministry of Finance and Economy’ staff and do a know-how transfer of the model. In addition, DS Institute will assist the government in the design of prospective newsletters to share the economic forecast with key stakeholders.
Cote d’Ivoire at a glance
Source: The World Bank, 2019