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.<\/p>\n
<\/p>\n
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 C\u00f4te d\u2019Ivoire\u2019s 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.<\/p>\n
<\/p>\n
C\u00f4te d\u2019Ivoire\u2019s 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.<\/p>\n
<\/p>\n
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.<\/p>\n
<\/p>\n
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.<\/p>\n
<\/p>\n
Structural reforms remain central to the country\u2019s 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.<\/p>\n
<\/p>\n
Acting Chair and Deputy Managing Director Kenji Okamura noted that C\u00f4te d\u2019Ivoire\u2019s 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 C\u00f4te d\u2019Ivoire\u2019s exit from the FATF grey list and bolster investor confidence.<\/p>\n
<\/p>\n
The IMF says continued structural reforms, climate resilience investments and inclusive growth initiatives, particularly aimed at youth and women, will be crucial as C\u00f4te d\u2019Ivoire advances toward upper middle-income status over the medium term.<\/p>\n
<\/p>\n
–IMF\/ChannelAfrica–<\/p>\n","protected":false},"featured_media":20571,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20570","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"\nThe International Monetary Fund (IMF) has completed key reviews of its multi-year financing arrangements for C\u00f4te d\u2019Ivoire, reaffirming confidence in the country\u2019s reform trajectory and economic resilience. ","published_date":null,"news_description":" The International Monetary Fund (IMF) has completed key reviews of its multi-year financing arrangements for C\u00f4te d\u2019Ivoire, reaffirming confidence in the country\u2019s reform trajectory and economic resilience. ","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20570\/revisions"}],"predecessor-version":[{"id":24560,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20570\/revisions\/24560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20571"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20570"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}