INSUBCONTINENT EXCLUSIVE:
The Ivorian government reached a landmark agreement with the International Monetary Fund (IMF) on October 9, 2024, in Abidjan.This deal will
main components: a $498 million disbursement under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements, and a
$327 million allocation from the Resilience and Sustainability Trust (RST).These funds aim to bolster macroeconomic stability and facilitate
decline from the 6.2% growth recorded in 2023
Meanwhile, the government has committed to reducing the budget deficit to 4% of GDP in 2024.IMF Declares Brazil the Economic Powerhouse of
(Photo Internet reproduction)As part of this agreement, the Ivorian authorities have pledged to implement several key reforms
These include introducing additional revenue measures and continuing fiscal consolidation efforts.IMF Deal and Sustainable
GrowthStrengthening domestic revenue mobilization and governance is also a key focus
Climate change mitigation and adaptation form a crucial part of this IMF deal.The agreement emphasizes the need to bolster climate policy
governance and reduce greenhouse gas emissions
It also highlights the importance of increasing green and sustainable financing for both private and public enterprises.With a population of
support for developing economies.As the country moves forward with this new financial backing, the coming years will be critical
transformation and helps achieve its ambitious development goals.
