The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
The three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) that was approved by the Executive Board of the IMF in March 1998 in support of Cote d'lvoire's adjustment efforts went off track after the first year. In the cocoa and coffee sectors, the measures that were supposed to accompany the liberalization process, such as the strengthening of producer organizations and the rehabilitation of rural infrastructure, were not fully implemented. Executive Directors welcomed the conclusion of discussions on a Staff-Monitored Program (SMP).