The Executive Board approved the Fifth Reviews of the Extended Fund Facility and Extended Credit Facility, as well as the Fourth Review of the Resilience and Sustainability Facility.
The combined support package, approved in May 2023, amounts to more than $4.8 billion and has played a central role in reducing macroeconomic imbalances and maintaining Côte d’Ivoire’s moderate risk of debt distress rating. Reforms under the RSF are also helping strengthen climate resilience and safeguard future balance-of-payments stability. The successful completion of the latest reviews unlocks an immediate disbursement of about $839.7 million.
Côte d’Ivoire’s economy continues to demonstrate strong performance despite global uncertainty. Growth in 2025 is projected at 6.3%, driven by a robust secondary sector, expanding services, rising household incomes and sustained investment.
Inflation is expected to ease to around 1%, while the current account deficit is forecast to narrow to about 1.5% of gross domestic product (GDP). The fiscal deficit is projected to meet the West African Economic and Monetary Union ceiling of 3% of GDP.
The government remains committed to strengthening domestic revenue mobilisation through its Medium-term Revenue Strategy adopted in May 2024. Authorities plan additional measures amounting to 0.5% of GDP in 2026, with the aim of raising tax revenue to 20% of GDP over the medium term.
Structural reforms remain central to the country’s medium-term agenda. Key priorities include improving the business environment, enhancing transparency in public enterprises, reinforcing governance and financial integrity, particularly through upgrades to the anti-money laundering and combating the financing of terrorism framework (AML/CFT), and deepening financial inclusion. The government is also prioritising investments in human capital and climate-resilient development.
Acting Chair and Deputy Managing Director Kenji Okamura noted that Côte d’Ivoire’s reform commitment has been essential in restoring macroeconomic stability. He emphasised the importance of sustained revenue-based fiscal consolidation, strengthened debt management and continued improvements in governance. He also highlighted that bringing the AML/CFT framework in line with Financial Action Task Force standards would support Côte d’Ivoire’s exit from the FATF grey list and bolster investor confidence.
The IMF says continued structural reforms, climate resilience investments and inclusive growth initiatives, particularly aimed at youth and women, will be crucial as Côte d’Ivoire advances toward upper middle-income status over the medium term.
–IMF/ChannelAfrica–
