{ "title": "IMF Staff Concludes Virtual Staff Visit to Côte d’Ivoire", "publication": "IMF News, February 4, 2022", "sourceUrl": "https://www.imf.org/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire", "canonical": "https://www.imf.org/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire", "overlayPath": "/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire/index.md", "summary": "Press Release No. 25/22; dated February 4, 2022.", "publishDate": "2022-02-04", "sections": [ { "heading": "Mission summary", "content": "- Press Release No. 25/22; dated February 4, 2022.\n- IMF staff team led by Luca Antonio Ricci conducted a virtual staff visit during January 25-February 3, 2022.\n- The mission will not result in a Board discussion.\n- The 2022 Article IV consultation mission is tentatively planned for April 2022; Côte d’Ivoire’s next Article IV consultation is expected to take place in April 2022." }, { "heading": "Public health and COVID-19 developments", "content": "- IMF staff noted that, despite the spread of the Omicron variant, the spike in new cases was short-lived and the increases in severe cases and hospitalizations remained limited.\n- Authorities avoided the introduction of disruptive containment measures while implementing the national strategy to fight COVID-19.\n- Vaccination progress:\n - More than 8 million doses administered by end-January.\n - Authorities plan to administer another 5 million doses before the end of February 2022." }, { "heading": "Economic outlook and recent developments", "content": "- \"The Ivorian economy continues to show signs of resilience to the pandemic and of sustained recovery in 2021.\"\n- Inflation increased significantly in 2021, in line with international inflationary pressures and largely on account of food price inflation.\n- Economic growth is expected to remain robust in 2022 and in the medium term (as noted at the time of the 2021 Article IV consultation)." }, { "heading": "Risks and upside factors", "content": "- Potential upside factors:\n - Implementation of a strong reform agenda within the context of the National Development Plan.\n - Discovery in 2021 of additional oil and gas reserves.\n- Downside risks highlighted:\n - Emergence of new COVID-19 variants.\n - Disruptions to global supply chains.\n - International geopolitical tensions.\n - Tightening of global financial market conditions with adverse consequences for capital flows to emerging market and developing economies." }, { "heading": "Policy priorities and recommendations", "content": "- IMF staff and Ivorian authorities agreed on a key pressing policy priority:\n - Enhance domestic revenue mobilization.\n - Purpose: to finance productive and social spending to support strong and inclusive growth, while preserving macroeconomic and debt sustainability and enhancing macroeconomic resilience." }, { "heading": "Mission engagements", "content": "- IMF staff held virtual meetings with:\n - Prime Minister Patrick Achi;\n - Minister and Secretary General of the Presidency Abdourahmane Cissé;\n - Minister of Economy and Finance Adama Coulibaly;\n - Minister of Budget and State Holdings Moussa Sanogo;\n - Minister of Planning and Development Nialé Kaba;\n - Minister for the Promotion of Good Governance, Capacity Building and Fight against Corruption Epiphane Zoro Bi Ballo;\n - other senior government and BCEAO officials, representatives of the private sector, and Côte d’Ivoire’s development partners.\n- Statement from mission leader: “The IMF staff team wishes to express its gratitude to the Ivorian authorities and other stakeholders for the productive and fruitful discussions.”\n\nIMF Press Release No. 25/22, February 4, 2022.\n\n---\n\n\n References\n\n- Côte d'Ivoire and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire" } ], "bullets": [ "[Markdown version](/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire/index.md)", "[Structured JSON version](/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire/index.json)", "[Bundle manifest](/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire/bundle-manifest.json)", "Published: February 4, 2022", "Press Release No. 25/22; dated February 4, 2022.", "IMF staff team led by Luca Antonio Ricci conducted a virtual staff visit during January 25-February 3, 2022.", "The mission will not result in a Board discussion.", "The 2022 Article IV consultation mission is tentatively planned for April 2022; Côte d’Ivoire’s next Article IV consultation is expected to take place in April 2022.", "IMF staff noted that, despite the spread of the Omicron variant, the spike in new cases was short-lived and the increases in severe cases and hospitalizations remained limited.", "Authorities avoided the introduction of disruptive containment measures while implementing the national strategy to fight COVID-19.", "Vaccination progress:", "\"The Ivorian economy continues to show signs of resilience to the pandemic and of sustained recovery in 2021.\"", "Inflation increased significantly in 2021, in line with international inflationary pressures and largely on account of food price inflation.", "Economic growth is expected to remain robust in 2022 and in the medium term (as noted at the time of the 2021 Article IV consultation).", "Potential upside factors:", "Downside risks highlighted:", "IMF staff and Ivorian authorities agreed on a key pressing policy priority:", "IMF staff held virtual meetings with:", "Statement from mission leader: “The IMF staff team wishes to express its gratitude to the Ivorian authorities and other stakeholders for the productive and fruitful discussions.”", "[Côte d'Ivoire and the IMF](http://www.imf.org/external/country/CIV/index.htm)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "alternates": { "markdown": "/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire/index.md", "json": "/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire/index.json", "bundleManifest": "/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire/bundle-manifest.json" }, "generatedAtUtc": "2026-09-26T00:56:41.378Z" }