ForexMart ForexMart

Prime News

Ivory Coast to slash budget spending by 10 pct

A sharp fall in cocoa prices has forced Ivory Coast to cut its 2017 budget spending by 10 percent, President Alassane Ouattara said on Thursday.

The cuts exclude the salaries of civil servants, who went on strike this year over back pay and pension reforms. The West African nation's ambitious investment budget, howecer, will be slashed by 10 percent, or approximately 200 billion CFA francs ($320 million).

Recommend: Prime News
Fed’s Bullard Criticizes FOMC's Mapped Out Rate Hike Path
23 Jun 2017, 03:00 UTC+00   
Views today: 1435 
Fed Says Major US Banks Passed Annual Stress Test
23 Jun 2017, 00:27 UTC+00   
Views today: 1417 
Gold Climbs following Five-Week Low
23 Jun 2017, 00:28 UTC+00   
Views today: 1417 
ECB Says to Unveil Instant Money Transfer Service
23 Jun 2017, 00:26 UTC+00   
Views today: 1413 
US Stocks Mixed as Nasdaq, Healthcare Shares Record Gains
23 Jun 2017, 01:04 UTC+00   
Views today: 1410 

All Prime news