Côte d'Ivoire: Requests for an Extended Arrangement Under the Extended Fund Facility and a 40-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

International Monetary Fund

No 2023/204, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Côte d'Ivoire’s request for an Extended Arrangement Under the Extended Fund Facility (EFF) and a 40-Month Arrangement Under the Extended Credit Facility (ECF). IMF Board approves 40-month arrangements under the EFF and ECF for Côte d’Ivoire to help support the country’s transformation toward upper-middle income status through the implementation of the authorities’ national development plan while preserving macroeconomic stability. The key reform agenda under the arrangements is domestic revenue mobilization, which is central in preserving fiscal and debt sustainability and along with increased spending efficiency should generate fiscal space to help finance investment needs and critical spending in health and education to allow for deeper economic transformation. Structural reforms should further deliver improvements in business climate, private sector investments and financial inclusion to foster the necessary conditions for inclusive growth, through strengthening governance and human capital investments, especially amongst youth and women.

Keywords: financing support; revenue mobilization strategy; debt ratio; Côte d'Ivoire vision; Ivoirian authorities; Debt sustainability; Government debt management; Global; West Africa (search for similar items in EconPapers)
Pages: 137
Date: 2023-06-12
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