Legal and Institutional Framework

Banking activities within the West African Monetary Union (WAMU) are primarily governed by the framework law on banking regulation and its implementing texts.

Regionally, the Ivorian banking sector is regulated by the Central Bank of West African States (BCEAO). The Banking Commission of WAMU is responsible for its supervision and regulation.

Medium-Term Debt Management Strategy (MTDMS)

Ivory Coast has a debt management framework that complies with international standards. This framework includes the adoption of a Medium-Term Debt Management Strategy (MTDMS). This strategy is attached to the finance law at the beginning of the year and is implemented by the Government.

General Information

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Monetary policy is defined by the Monetary Policy Committee (MPC) of the BCEAO, which includes:

• The Governor of the Central Bank,

• the Vice-Governors of the Central Bank,

• a member proposed by each of the Governments of the member States of the UMOA and appointed by the Council of Ministers,

• a member appointed by the State ensuring the guarantee of the convertibility of the common currency,

• State budget has significantly increased since 2012.