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Côte d'Ivoire: 2024 Article IV Consultation, Third Reviews Under Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for Modification of a Quantitative Performance Criterion, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2025: Issue 091
Language:
English
Publication Date:
08 Apr 2025
DOI:
https://doi.org/10.5089/9798229006040.002
ISBN:
9798229006040
ISSN:
1934-7685
Pages:
194
Keywords:
Ivorian authorities; SDR equivalent; RSF reform measure; expenditure control policy; Sustainability facility arrangement; decision point; youth program; Climate change; Climate finance; Global; West Africa
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This paper presents Côte d’Ivoire’s 2024 Article IV Consultation, Third Reviews under Extended Arrangement under the Extended Fund Facility and the Arrangement under the Extended Credit Facility, Request for Modification of a Quantitative Performance Criterion, and Second Review under the Resilience and Sustainability Facility Arrangement. The authorities’ ongoing commitment to reforms under both programs should support Côte d’Ivoire’s transformation toward upper middle-income status over the medium-term and enhance its resilience to climate change. Côte d’Ivoire’s economy continues to display resilience. Strong consumption and investment demand underpin robust economic activity in 2024 despite weaker than expected agricultural production, and construction activity. The fiscal consolidation envisaged in the 2025 budget will be underpinned by high-quality and permanent tax policy measures, as well as tax and customs administration reforms. Safeguarding fiscal space will be aided by the authorities’ commitments to enhance the coverage, transparency, and management of public finances, especially to cover state owned enterprises. Sustaining structural reform momentum and continuous improvements in safeguarding financial integrity and governance are important for unlocking the private sector’s potential.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund