International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | May 24, 2023

International Monetary Fund (IMF) Executive Board Approves US $3.5 billion Extended Fund Facility and Extended Credit Facility for Côte d’Ivoire

The Executive Board’s decision enables an immediate disbursement of SDR 371.7 million (US$495.4 million), which the Ivorian authorities intend to use for budget support

The Executive Board of the International Monetary Fund (IMF) approved 40-month arrangements under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) for Côte d’Ivoire in the amount of SDR 2,601.6 million (equivalent to 400 percent of quota or about US$3.5 billion). The program is consistent with the…

Source: International Monetary Fund (IMF) | Mar 15, 2023

International Monetary Fund (IMF) Staff Concludes Mission to Côte d’Ivoire

An International Monetary Fund (IMF) mission, led by Mr. Olaf Unteroberdoerster, visited Abidjan during March 1-14 to discuss potential IMF financial support for the authorities’ program of economic policies and reforms

The Ivorian authorities and IMF staff have reached broad agreement on the authorities’ economic reform program that could be supported by an IMF financial arrangement; the authorities are advancing their agenda for deeper economic transformation under the 2021-25 National Development Plan. They have taken measures to strengthen macroeconomic stability and…

Source: International Monetary Fund (IMF) | Apr 16, 2022

IMF Staff Completes 2022 Article IV Mission to Côte d’Ivoire

Côte d’Ivoire’s economy has remained resilient in the face of the pandemic due to the Ivorian authorities’ swift and well-designed policy responses

An International Monetary Fund (IMF) mission, led by Mr. Luca Antonio Ricci, conducted the 2022 Article IV consultation discussions with the authorities during April 5 ‒15. At the conclusion of the mission, Mr. Ricci made the following statement: “Côte d’Ivoire’s economy has remained resilient in the face of the pandemic…

Source: International Monetary Fund (IMF) | Feb 05, 2022

IMF Staff Concludes Virtual Staff Visit to Côte d’Ivoire

An International Monetary Fund (IMF) staff team led by Luca Antonio Ricci conducted a virtual staff visit with the authorities of Côte d’Ivoire during January 25-February 3, 2022

The Omicron variant has had limited effects in Côte d’Ivoire, and the authorities are stepping up their vaccination efforts; The Ivorian economy continues to show signs of resilience to the impact of the pandemic. Inflation has increased recently, largely on account of food prices; Côte d’Ivoire’s next Article IV consultation…

Source: International Monetary Fund (IMF) | Mar 27, 2019

IMF Staff Team Completes Mission to Côte d’Ivoire

Based on preliminary estimations, GDP grew by 7.4 percent last year driven by strong domestic demand

The authorities and the IMF team have reached a staff-level agreement on the fifth review of the ECF and EFF arrangements, subject to approval by IMF management and the Executive Board; Based on preliminary estimations, GDP grew by 7.4 percent last year driven by strong domestic demand. Inflation remained subdued…

Source: International Monetary Fund (IMF) | Jan 24, 2019

International Monetary Fund (IMF) Staff Concludes 2019 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

Fiscal consolidation efforts are estimated to have led to a reduction of the aggregate fiscal deficit to 3.9 percent of GDP in 2018 from 4.3 percent of GDP in 2017

Inflation has remained low reflecting the peg to the Euro, but also continued solid agricultural production and the limited passthrough of higher world oil prices; fiscal consolidation efforts are estimated to have led to a reduction of the aggregate fiscal deficit to 3.9 percent of GDP in 2018 from 4.3…

Source: International Monetary Fund (IMF) | Dec 14, 2018

International Monetary Fund (IMF) Executive Board Completes Fourth Reviews under an Extended Credit Facility and Extended Fund Facility for Côte d’Ivoire and Approves US$133.7 Million Disbursement

The country’s economic outlook remains robust, with growth projected at about 7½ percent in 2018–19

The budget deficit is projected to converge to the WAEMU regional norm of 3 percent of GDP in 2019; the program aims to achieve a sustainable balance of payments position, enhance domestic revenue mobilization, ensure debt sustainability, and foster inclusive growth and poverty reduction. On December 12, 2018, the Executive…

Source: International Monetary Fund (IMF) | Apr 05, 2018

International Monetary Fund (IMF) Staff Team Completes Visit to Côte d’Ivoire

Based on preliminary estimations, GDP grew by 7.8 percent last year despite the fall in cocoa prices and social demands.

The authorities and the IMF team reached a staff-level agreement on the third review of the ECF and EFF arrangements, subject to approval by IMF management and the Executive Board. GDP grew by 7.8 percent last year despite the fall in cocoa prices and social demands and inflation remained subdued…

Source: International Monetary Fund (IMF) | Jan 25, 2018

International Monetary Fund Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns

Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns. Convergence of WAEMU countries’ budget deficits of 3% of GDP by 2019 is crucial for ensuring macroeconomic stability and sustaining growth. An ambitious…

Source: International Monetary Fund (IMF) | Dec 11, 2017

IMF Executive Board Completes Second Reviews of the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) Arrangements for Côte d’Ivoire and Approves US$136.5 Million Disbursement

Real GDP growth is expected to stay above 7 percent in 2017-19, with broadly balanced risks to the outlook

On December 8, 2017, the Executive Board of the International Monetary Fund (IMF) completed the second reviews of Côte d’Ivoire program supported by the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF). The decision was taken without a Board meeting [1] and enables the disbursement of SDR 96.786 million…

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