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…

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…

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…

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…

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…

IMF Staff Team Completes Mission to Côte d’Ivoire

Fiscal deficit is expected to decrease to 3.75 percent of GDP in 2018 and eventually converge to the WAEMU regional deficit norm of 3 percent of GDP by 2019

Staff-level agreement was reached with the authorities on the second review under ECF and EFF arrangements, subject to approval by IMF management and the Executive Board. Despite the fall in cacao prices, strong economic performance continued in 2017 and the medium-term outlook remains strong. Fiscal deficit is expected to decrease…

IMF Executive Board Completes First Reviews Under the ECF and Extended Arrangements for Côte d’Ivoire and Approves US$133.8 Million Disbursement

Côte d’Ivoire’s performance under its Fund-supported program has been satisfactory

The country’s economic outlook remains strong, with growth projected at about 7 percent in 2017–19. Completion of the review enables the disbursement of $134 million. The ECF/EFF-supported programs aim at supporting the authorities’ efforts to achieve a sustainable balance of payments, inclusive growth, and poverty reduction. On June 19, 2017, the…

IMF Staff Completes Review Mission to Côte d’Ivoire

An International Monetary Fund (IMF) mission led by Mr. Dan Ghura visited Abidjan from March 22 to April 6, 2017 to begin discussions on the first review of the three-year economic and financial program supported by the IMF

Social demands gave rise to additional budget spending Economic growth is expected to remain strong in 2017 Drop in world cocoa prices by over 35 percent has reduced the country’s exports and fiscal revenues An International Monetary Fund (IMF) mission led by Mr. Dan Ghura visited Abidjan from March 22 to April…

IMF Staff Conclude 2017 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

The medium-term growth outlook is favorable but remains subject to significant downside risks The BCEAO Monetary Policy Committee’s decision to increase its credit facility rate by 100 basis points and place tighter access to the refinancing window is expected to encourage banks to reconsider their risk policy and strengthen their…

IMF Staff Team Completes Mission to Côte d’Ivoire

A staff team from the International Monetary Fund (IMF) led by Mr. Dan Ghura visited Abidjan from June 24 to July 7, 2016, to negotiate a new three-year economic program that could be supported by the IMF through Arrangements under the Extended Credit Facility (ECF) and the Enhanced Credit Facility…