IMPACT OF THE RUSSIAN UKRAINIAN CRISIS IN THE IVORY COAST : THE FIRST NOTICEABLE EFFECTS

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IMPACT OF THE RUSSIAN UKRAINIAN CRISIS IN THE IVORY COAST : THE FIRST NOTICEABLE EFFECTS

3 octobre 2022

In this note, we analyze the effects of the recent russian-ukrainian crisis on Ivorian economy, based on the history of trade, taken monthly from 2020 to 2021 and over the first two months of 2022. Overall, it emerges that the crisis will medium term, could affect the stability of food prices and availability of wheat stocks. Indeed, if the crisis persists over time, inflationary pressures, especially at the level of wheat and nitrogenous products, may be observed, in addition to the lack of state import duties and taxes, the profits of exporting companies, and especially for rural households living from rubber production. In these circumstances, several alternatives to the dependence on Russian-Ukrainian products must be explored.

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