News Briefs

Côte d'Ivoire and the IMF

The IMF's Poverty Reduction and Growth Facility (PRGF) -- A Factsheet

News Brief No. 02/27
April 2, 2002
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Gives Final Approval of PRGF Arrangement for Côte d'Ivoire

The Executive Board of the International Monetary Fund (IMF) has given its final approval of the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) for Côte d'Ivoire for SDR 292.68 million (about US$366 million) to support the government's economic program (see Press Release No. 02/15).

The final decision by the IMF Executive Board was contingent on a decision by the Executive Board of the World Bank on March 28, 2002. That decision concluded that Côte d'Ivoire's Interim Poverty Reduction Strategy Paper (I-PRSP) provides a sound basis for World Bank concessional assistance.

This decision will enable the immediate release of the first loan under the PRGF arrangement of SDR 58.54 million (about US$73 million).


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