Côte d’Ivoire: Sixth Review Under the Extended Credit Facility Arrangement and Requests for Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Twelve-Month Extension of the Current Arrangement
December 22, 2014
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All end-June performance criteria and indicative targets under the ECF arrangement were met, and all structural benchmarks were completed, albeit with minor delays. However, there was a nonobservance of the continuous performance criterion on the ceiling on new nonconcessional external debt in July with the issuance of the US$750 million Eurobond (exceeding the US$500 million program ceiling).
Subject: Arrears, External debt, Fiscal policy, Fiscal stance, National accounts, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)
Keywords: Côte d'Ivoire, CR, disbursement of SDR, ECF arrangement, Executive Board's discussion, Fiscal stance, Global, government, ISCR, Ivorian authorities, Ivorian authority, Sub-Saharan Africa, West Africa
Pages:
114
Volume:
2014
DOI:
Issue:
358
Series:
Country Report No. 2014/358
Stock No:
1CIVEA2014003
ISBN:
9781498349741
ISSN:
1934-7685
