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Ivory Coast tilts its economy from agriculture to mining natural resources

Ivory Coast tilts its economy from agriculture to mining natural resources

Editor 19 Jul 6 min
Tags: GS 1, GS 3

Why in the news?

The Hindu : Page 15

Syllabus : Prelims Fact

Ivory Coast is transitioning from an agriculture-centric economy to a major oil and gas producer, with recent discoveries of significant natural resources.

  •   The country is expanding its mining sector, hosting international industry events, but faces environmental challenges and risks associated with resource extraction and deforestation.
  •   Economic Diversification: Ivory Coast is shifting from its traditional agricultural focus, especially on cocoa, to become a significant oil and gas producer.
  •   Resource Discoveries: Recent discoveries include large oil reserves (six billion barrels) and significant deposits of gold, lithium, manganese, nickel, and coltan.
  •   International Engagement: The country will host its first international mining industry exhibition, SIREXE, in November and December.
  •  Environmental Concerns: Risks include potential deforestation, pollution from mining operations, and indirect emissions. Efforts are underway to address these issues, with goals for carbon-neutral operations.

Ivory Coast

  •   Ivory Coast, officially known as Côte d’Ivoire, is a West African country bordered by Liberia, Guinea, Mali, Burkina Faso, and Ghana, with a coastline along the Atlantic Ocean.
  •   Its capital city is Yamoussoukro, while Abidjan is its largest city and economic hub.
  •   The country is known for its diverse culture, tropical climate, and economic activities including cocoa and coffee production, which are major exports.
  •   Ivory Coast has a rich history influenced by various ethnic groups and has experienced periods of political instability.
  •   It is a member of the United Nations, African Union, and Economic Community of West African States.

UPSC Mains PYQ : 2013

Ques : Which one of the following pairs a correctly matched?

Geographical feature and region

(a) Abyssinian Plateau – Arabia

(b) Atlas Mountains – Northwest Africa

(c) Guiana Highlands – Southwest Africa

(d) Okavango Basin – Patagonia

Ans : b)

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