Abidjan, Nov 19 (AIP)- The Ivorian Vice President, Daniel Kablan Duncan noted that the savings situation is
"unsatisfactory" in Côte Ivoire, at the opening of the second edition of the Investment Savings Fair and
of Heritage (SEIP), which takes place from Tuesday to Wednesday in Abidjan.

According to Mr. Duncan, savings in Côte d'Ivoire constitute only 15% of Gross Domestic Product (GDP),
compared to that of the sub-Saharan zone, 40.8% for Asian countries, 22% for the euro zone and
17.5% for Latin America. In addition, the duration of savings in Côte d'Ivoire is short, where it is available
even in limited quantities.

The main causes of this situation, according to Kablan Duncan, are the insufficient adequacy of the offers of
products with the needs of the populations, the lack of diversity of the savings offers which
the essentials on simple savings or housing plans with rigid and sometimes unattractive conditions,
the absence or insufficiency of financial education and particularly savings education.

To overcome this situation, the Vice President recommends that the financial system be more offensive and make
show more imagination in order to offer the population innovative savings products more suited to the
environment, microfinance, more accessible to small savers.

“These products must be closer to the realities and the mentality of our populations. They could
concern entire segments such as savings for health coverage or death insurance, or for
finance higher education, agricultural activities and SMEs that still need to be strongly promoted,” he said.
underline.

This second edition of the SEIP is placed under the theme, “Why save? Towards what type of savings
orient itself in order to guarantee its future? How to optimize your savings? ".