Benjamin Tegbeh|LPR News, Abidjan
Ivory Coast is said to be making efforts to reduce risk the country facing in the wave of the global coronavirus pandemic.
Côte d’Ivoire like many West African countries were affected by health crisis in 2020 upward due to the COVID-19 pandemic, which poses serious health and financial risks to the population.
To do this, Bloomfield Investment Agency, a credit rating agency company in Ivory Coast has embarked on conference on risks to remedy the solution.
The 2021 edition of the Country Risk Conferences (CRP) organized by the Bloomfield Investment Agency and is expected to take place on June 3, 2021 with the aim of “laying the groundwork” that would allow Côte d’Ivoire to emerge from the Covid-19 crisis according to information gathered by our Ivorian based correspondent.
“The year 2020 was marked in Côte d’Ivoire as in the rest of the world, by an economic and health crisis, due to the explosion of the COVID-19 pandemic.
In this context, it seemed important to us, for this year 2021 which should correspond to a pivotal year, to lay the groundwork which will allow an effective exit from the crisis Ivory Coast”, explains the text of the Bloomfield Agency in Abidjan.
Thus, this edition of the Country Risk Conferences will place particular emphasis on the impacts of the health crisis on the economy and on populations; the various panels will also discuss, and this is the most interesting, the avenues and models to be put in place in order to support the economic recovery in this very specific context the information further indicated.
Bloomfield Investment Agency also noted that previous editions of the CRP have established the quality of the fundamentals for Côte d’Ivoire, but the health crisis of 2020 is exceptional in several respects, and in particular by its transversal impact on the economies of the various countries.
The question of the resilience of Ivory Coast, and of its capacity to absorb all the shocks generated by this crisis, on the various sectors of activity throughout the country.
For the various panels according to the organization it will therefore be a question of illustrating the resilience of Ivory Coast and to demonstrate how its capacity to support the economic recovery anticipated for the year 2021 in order to resume strong growth.
During the discussions the crisis exit plan for Côte d’Ivoire is expected to be presented and discussed. The country risk mapping aims to present in detail the strengths and weaknesses of Côte d’Ivoire and other countries elsewhere whose conferences are in the planning stages, and to assign a score for each of the parameter that will be analyzed.
The different parameters will be considered as subject to variations in economic conditions, plans implemented and may therefore experience changes, positive, negative or stable over a period. The Bloomfield Investment Agency believes that country risk mapping should be dynamic and be the subject of an annual review. The CRPs thus constitute the ideal framework for the presentation of this mapping which will constitute as every year the introductory phase for the panel discussions.
This 5th edition of the CRP like the others for that matter, is aimed at an audience of experts, politicians, diplomats, civil society actors, economic actors, company captains and students. The target is made up of all people with an interest in economic issues and who would like to participate in high-level discussions on these issues.
“Country risk mapping is an important tool for forecasting and helping with investment decisions, thus it is important for the various economic actors to have an analysis of the strengths, weaknesses and opportunities of the country prepared by specialists, which will allow them to eventually take decisions”.
“This 5th edition of the CRP is of particular interest, because it will present Ivory Coast’s crisis exit plan, as well as its structural transformation program, in this post-Covid context”, promises the Agency, specifying that participants could intervene by directly posing their concerns to the experts present on the various panels.
Bloomfield Investment Corporation is a credit risk rating agency operating in West and Central Africa and offers in-company training seminars (in-situ) ; as well as Publication of research reports, available on Bloomfield’s website.
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