Côte d'Ivoire: First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review; Press Release

International Monetary Fund

No 2012/117, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the First Review for Côte d'Ivoire under the Extended Credit Facility. Program performance at end-2011 was broadly satisfactory. All quantitative performance criteria for end-2011 were met, but the implementation of structural reforms has been mixed. Although good progress has been made to strengthen public financial management, improve the business climate, and reform the cocoa-coffee sector, action on other benchmarks for the financial and energy sectors fell short of program targets. Prospects for 2012 are favorable, notwithstanding the weak external environment.

Keywords: ISCR; CR; SDR; cocoa sector; financing needs; upside risk; debt management; agriculture sector support Project; Arrears; Government debt management; Government finance statistics; West Africa; Global (search for similar items in EconPapers)
Pages: 77
Date: 2012-05-18
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