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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Approves US$1.3 Billion under the Resilience and Sustainability Facility for Cote d’Ivoire

The RSF arrangement will support the reforms of the Ivorian authorities to strengthen adaptation and mitigation, particularly in the areas of agriculture, transport, infrastructure, and public financial management

The IMF Executive Board approved a 30-month RSF arrangement for Côte d’Ivoire for a total amount of SDR975.6 million (approximately US$1.3 billion); Côte d’Ivoire is exposed and vulnerable to climate change. Rising temperatures, rainfall disruptions, flooding, rising sea levels and coastal erosion are major challenges and represent recurring risks for…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…