Cote D'Ivoire: Eighth Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Cote D'Ivoire

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2015 Issue 341

Publication date: December 2015

ISBN: 9781513512389

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , ECF arrangement , spending , government , debt , program implementation , Completes Eighth Extended Credit Facility Review for Côte , draft budget , Ivorian authorities , Tax administration core functions , West Africa , Global

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Summary

This paper discusses Côte d'Ivoire’s Eighth Review Under the Extended Credit Facility (ECF) Arrangement. The macroeconomic outlook remains strong with high projected growth rates supported by sustained improvements in the business climate and rising private investment, including in large private-public infrastructure projects. Risks to the near-term growth outlook are moderately tilted to the downside. Adverse weather owing to El Niño could lower output, and the failure to contain fiscal risks could weaken the fiscal accounts. The IMF staff supports the authorities’ request for completion of the eighth ECF review.