<\/p>\n
The mission formed part of the sixth and final review under the Extended Fund Facility (EFF) plus Extended Credit Facility (ECF) arrangements approved on May 24, 2023, totalling $3.5 billion. The mission also took place alongside the fifth and final review under the Resilience and Sustainability Facility (RSF) arrangement, which was concluded on March 15, 2024, worth $1.3 billion.<\/p>\n
<\/p>\n
Verdier described performance under the EFF\/ECF plus RSF programmes as \u201cremarkable\u201d, citing progress on fiscal consolidation plus structural reforms. Enhanced revenue collection plus tighter controls on public spending reduced the fiscal deficit to 3% of gross domestic product (GDP) in 2025, in line with the West African Economic and Monetary Union (WAEMU) convergence criterion.<\/p>\n
<\/p>\n
Reforms highlighted by Verdier included consolidation of the Treasury Single Account to improve cash management, plus strengthened governance of public entities to reduce money laundering plus terrorism financing risks.<\/p>\n
<\/p>\n
RSF discussions focused on reforms planned for the review period, including the creation of a climate hazard insurance system for the cotton sector, reduction of greenhouse gas emissions, plus development of a carbon taxation strategy.<\/p>\n
<\/p>\n
The mission warned that the war in the Middle East, plus spillovers from shifting trade policies, represent a major external shock, with potential long-lasting effects on commodity prices, demand, plus financial conditions.<\/p>\n
<\/p>\n
Despite global uncertainty, Verdier said C\u00f4te d\u2019Ivoire remains resilient. Growth is projected at 6% in 2026, easing from 6.5% in 2025, reflecting weaker demand plus investment linked to uncertainty. Inflation is expected to rise to 3.3% in 2026 from 0.1% in 2025, driven by higher international prices for oil, fertilisers plus supply chain disruptions. The current account deficit is projected to widen to 2.2% of GDP in 2026 from 0.7% in 2025.<\/p>\n
<\/p>\n
Verdier said regional foreign exchange reserves strengthened to about 8 months of imports at the end of March 2026, supported by crude oil plus gold exports plus improved access to international markets.<\/p>\n
<\/p>\n
Verdier said fiscal discipline remains essential, with readiness to return to the WAEMU deficit norm of 3% of GDP by 2028. The Medium\u2011Term Revenue Mobilisation Strategy is expected to raise tax revenue from 14.9% of GDP in 2025 to 18% of GDP over the medium term, supporting priority social spending plus infrastructure under the National Development Plan 2026\u20132030.<\/p>\n
<\/p>\n
–IMF\/ChannelAfrica–<\/p>\n","protected":false},"featured_media":32083,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-33525","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"An International Monetary Fund (IMF) mission led by Genevi\u00e8ve Verdier has reached a staff\u2011level agreement with C\u00f4te d\u2019Ivoire\u2019s authorities after meetings held from April 22 to April 30, covering the final reviews under IMF-supported programmes.\r\n","published_date":"","news_description":"An International Monetary Fund (IMF) mission led by Genevi\u00e8ve Verdier has reached a staff\u2011level agreement with C\u00f4te d\u2019Ivoire\u2019s authorities after meetings held from April 22 to April 30, covering the final reviews under IMF-supported programmes.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33525","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":3,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33525\/revisions"}],"predecessor-version":[{"id":33528,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33525\/revisions\/33528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/32083"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=33525"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=33525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}