The deal will unlock disbursements totalling about $843.9 million once approved by the IMF’s Executive Board.
IMF said the agreement follows a review of the country’s economic performance and reform commitments. The disbursement is part of a broader multi-year programme aimed at supporting macroeconomic stability, promoting sustainable growth and addressing external shocks.
Ivory Coast, one of West Africa’s fastest-growing economies, has faced fiscal pressures in recent years from global commodity price volatility, rising inflation and the economic fallout of the COVID-19 pandemic. The IMF programme is expected to help strengthen public finances, safeguard social spending and support investment in infrastructure.
–Reuters/ChannelAfrica–
