The Executive Board of the International Monetary Fund has completed the sixth and final reviews of Côte d’Ivoire’s arrangements under the Extended Fund Facility and Extended Credit Facility, and the fifth review of its Resilience and Sustainability Facility arrangement. The decision makes available SDR 247.774 million under the EFF, SDR 123.884 million under the ECF and SDR 243.9 million under the RSF, together equivalent to about USD 832.8 million. The Fund linked the disbursement to strong program implementation, noting that the arrangements helped restore macroeconomic stability, reduce fiscal and external imbalances, improve debt sustainability and strengthen resilience to climate-related shocks. All end-December 2025 quantitative performance criteria under the EFF and ECF were met, and all structural benchmarks for the sixth reviews were implemented. Over the course of the arrangements, revenue-based fiscal consolidation reduced the fiscal deficit to the West African Economic and Monetary Union ceiling of 3 percent of GDP in 2025, the current account deficit narrowed significantly, and public debt fell as a share of GDP for the first time in more than a decade, improving Côte d’Ivoire’s risk of debt distress from moderate to low under the Low-Income Countries Debt Sustainability Framework. All remaining RSF reform measures were also completed, including steps on agricultural climate risk insurance, a carbon taxation strategy, cleaner-vehicle reforms and the tendering process for two solar photovoltaic power plants. The IMF said the near-term outlook remains subject to heightened uncertainty. Real GDP growth is projected to ease to 6 percent in 2026 from 6.5 percent in 2025, inflation is expected to average 3.3 percent after near zero in 2025, and the current account deficit is projected to widen to 2.3 percent of GDP. The authorities plan a temporary relaxation of the 2026 fiscal deficit target to 3.8 percent of GDP from the original 3 percent target to absorb revenue shortfalls and preserve priority investment, while committing to return to the WAEMU ceiling of 3 percent by 2028.
International Monetary Fund2026-06-24
International Monetary Fund completes final Côte d’Ivoire program reviews unlocking about USD 832.8 million
The International Monetary Fund completed the final reviews of Côte d’Ivoire’s EFF, ECF and RSF arrangements, releasing about USD 832.8 million. The Fund said all end-December 2025 program targets and remaining climate-related reform measures were met, alongside a reduction in the fiscal deficit to 3 percent of GDP in 2025 and an improvement in debt distress risk to low. It also noted a more uncertain 2026 outlook and the authorities’ plan to temporarily widen the fiscal deficit target to 3.8 percent of GDP before returning to 3 percent by 2028.