result in economic reforms and an improved investment climate.

Cote d'Ivoire
Cote d'Ivoire is among the world's largest producers
and exporters of coffee, cocoa beans, and palm oil. Consequently,
the economy is highly sensitive to fluctuations in international
prices for these products and weather conditions. Despite government
attempts to diversify the economy, it is still heavily dependent on
agriculture and related activities, engaging roughly 68% of the
population. After several years of lagging performance, the Ivorian
economy began a comeback in 1994, due to the 50% devaluation of the
CFA franc and improved prices for cocoa and coffee, growth in
nontraditional primary exports such as pineapples and rubber,
limited trade and banking liberalization, offshore oil and gas
discoveries, and generous external financing and debt rescheduling
by multilateral lenders and France. Moreover, government adherence
to donor-mandated reforms led to a jump to 5% annual growth during
1996-99. Growth was negative in 2000-03 because of the difficulty of
meeting the conditions of international donors, continued low prices
of key exports, and severe civil war. In November 2004 the situation
deteriorated when President GBAGBO's troops attacked and killed nine
French peacekeeping forces, and the UN imposed an arms embargo.
Political uncertainty has clouded the economic outlook for 2005,
with fear among Ivorians spreading, foreign investment shriveling,
businessmen fleeing, travel within the country falling, and criminal
elements that traffic in weapons and diamonds gaining ground.

Croatia
Before the dissolution of Yugoslavia, the Republic of
Croatia, after Slovenia, was the most prosperous and industrialized
area, with a per capita output perhaps one-third above the Yugoslav
average. The economy emerged from a mild recession in 2000 with
tourism, banking, and public investments leading the way.
Unemployment remains high, at about 14 percent, with structural
factors slowing its decline. While macroeconomic stabilization has
largely been achieved, structural reforms lag because of deep
resistance on the part of the public and lack of strong support from
politicians. Growth, while impressively about 4% for the last
several years, has been achieved through high fiscal and current
account deficits. The government is gradually reducing a heavy back
log of civil cases