## IMF Staff Concludes Virtual Staff Visit to Côte d’Ivoire

_IMF News, February 4, 2022_

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## Bibliographic details
- Published: February 4, 2022

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### Mission summary
- 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.

### Public health and COVID-19 developments
- 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:
  - More than 8 million doses administered by end-January.
  - Authorities plan to administer another 5 million doses before the end of February 2022.

### Economic outlook and recent developments
- "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).

### Risks and upside factors
- Potential upside factors:
  - Implementation of a strong reform agenda within the context of the National Development Plan.
  - Discovery in 2021 of additional oil and gas reserves.
- Downside risks highlighted:
  - Emergence of new COVID-19 variants.
  - Disruptions to global supply chains.
  - International geopolitical tensions.
  - Tightening of global financial market conditions with adverse consequences for capital flows to emerging market and developing economies.

### Policy priorities and recommendations
- IMF staff and Ivorian authorities agreed on a key pressing policy priority:
  - Enhance domestic revenue mobilization.
    - Purpose: to finance productive and social spending to support strong and inclusive growth, while preserving macroeconomic and debt sustainability and enhancing macroeconomic resilience.

### Mission engagements
- IMF staff held virtual meetings with:
  - Prime Minister Patrick Achi;
  - Minister and Secretary General of the Presidency Abdourahmane Cissé;
  - Minister of Economy and Finance Adama Coulibaly;
  - Minister of Budget and State Holdings Moussa Sanogo;
  - Minister of Planning and Development Nialé Kaba;
  - Minister for the Promotion of Good Governance, Capacity Building and Fight against Corruption Epiphane Zoro Bi Ballo;
  - other senior government and BCEAO officials, representatives of the private sector, and Côte d’Ivoire’s development partners.
- 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.”

*IMF Press Release No. 25/22, February 4, 2022.*

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## References

- [Côte d'Ivoire and the IMF](http://www.imf.org/external/country/CIV/index.htm)
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- [PRESS CENTER](http://presscenter.imf.org/)
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_Source: https://www.imf.org/en/news/articles/2022/02/04/pr2522-imf-staff-concludes-virtual-staff-visit-to-cote-divoire_