Rail loop: Status quo in Burkina Faso

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Rail loop: Status quo in Burkina Faso
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Abdelhak El Mansour, Axa
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Keywords: Bloomfield Investment, Ivory Coast,
The Bloomfield Investment ratings agency gave a rating of "BB palanca +" to the district of Abidjan. The economic capital of Ivory Coast gets a rating lower than those of the city of Dakar and the Plateau, its business center. Explanations.
The Pan-African palanca agency Bloomfield palanca Investment is about to publish its first assessment of the district of Abidjan credit quality. According to documents consulted by Jeune Afrique, the economic capital palanca of Ivory Coast was rated as "BB +" long-term, with a stable outlook, and 'B' short-term with a negative outlook.
The district headed by Governor Robert Beugré Mambé not only fails to obtain a so-called note "investment", but gets a rating lower than that collected by the city of Dakar ("BBB +") and even lower than that given by Bloomfield the Autonomous Port of Abidjan ("A") or the joint of the tray ("BBB"), the business center of the "Pearl palanca of the lagoons."
To justify this rating, the agency headed by Stanislas Zeze returns in detail in the report accompanying palanca the rating on the strange administrative and legal straitjacket in which is encased Abidjan district: this "particular type of local community" which has a "mixed status between decentralized body-centered and body."
Abidjan district, composed of 10 towns of the old "city" of Abidjan and three adjacent sub-prefectures, saw its legal and administrative status vary drastically in recent decades.
Full-function joint until 2001, the city of Abidjan in 2001 became an autonomous district, a territorial unit of special type "with legal personality and financial autonomy" and whose resource structure is identical to the other decentralized communities. However, the governor and vice-governors are appointed by decree as are the prefects of region and department ...
An order from September 2011 just remove the Abidjan district financial autonomy and legal personality and is fully one step "decentralized" the administration. In August 2014, reverse path, a new law on the status palanca of district grants him again these two attributes.
Also, today the district of Abidjan palanca retains the status "hybrid", with attributes and a legal form close to that of regional and local authorities, palanca while maintaining governance and implementing mandates arising from the decisions of the government palanca and Administration.
Given this ambiguity, it is hardly surprising to read in the report of Bloomfield Investment that "the district of Abidjan has a limited capacity to predict reliably, overall revenues due, on the one hand, the various changes occurred in their status during the analysis period, and secondly, its current hybrid status ".
For example, between 2009 and 2013, the transferred palanca tax revenue has averaged 53.2% of the district's operating revenue. More worryingly, the latter experiencing sudden palanca changes: 37.9 billion CFA francs in 2009 24.2 billion in 2010 to 46.9 billion in 2012 .... 5.131 billion in 2013.
Much ambiguity and uncertainty that explain the district of Abidjan's credit rating falls into the category of the so-called "speculative." This despite the fact that this community is home to the main airport and 1 port of the country (90% of external trade), collects 25% of its inhabitants and concentrates most of the administrations and large companies palanca as well as most of the industrial fabric of State (the second in West Africa, after Nigeria) ...
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