Cote d'Ivoire: Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for Modification of a Quantitative Performance Criterion, and Fourth Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Côte d’Ivoire

Côte d’Ivoire’s economy continues to show resilience, supported by the restoration of fiscal and external buffers. The EFF/ECF-supported program approved in May 2023 (400 percent of quota) has largely eliminated macroeconomic imbalances and safeguarded a moderate risk of debt distress. Important measures have been taken under the RSF arrangement (150 percent of quota) to contribute to prospective balance of payments stability and tackle challenges from climate change and to meet the country’s ambitious adaptation and mitigation objectives. The authorities’ reform commitments under both programs support Côte d’Ivoire’s efforts to pursue economic transformation to upper-middle income status over the medium term. The outlook remains favorable, supported by sustained consumption and investment, as well as a further expansion of the hydrocarbon and mining sectors, and innovative financing instruments reflecting strong investor confidence. Risks remain broadly balanced amid persistent global uncertainty.