{
  "title": "Cote d'Ivoire: First Reviews Under Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility, and Requests for Modification of Performance Criteria and Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Cote d'Ivoire",
  "publication": "IMF Staff Country Reports, June 22, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/06/22/cote-d-ivoire-first-reviews-under-extended-arrangement-under-the-extended-fund-facility-and-45000",
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  "summary": "This paper discusses Côte d’Ivoire’s First Reviews under Extended Arrangement under the Extended Fund Facility (EFF), an Arrangement under the Extended Credit Facility (ECF), and the Request for Modification of Performance Criteria (PCs) and Augmentation of Access.",
  "publishDate": "2017-06-22",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- Growth is projected at about 7 percent a year in 2017–19.\n- Inflation is expected to remain subdued.\n- Falling world cocoa prices and rising oil prices are cutting into export receipts and fiscal revenues.\n- The IMF staff supports the authorities’ requests for augmentation of program access under the ECF and EFF arrangements and modification of end-June 2017 performance criteria (PCs)."
    },
    {
      "heading": "Macroeconomic projections and outlook",
      "content": "- Growth: about 7 percent a year in 2017–19.\n- Inflation: expected to remain subdued (no numeric target provided in the source).\n- External sector pressures: declining export receipts due to falling world cocoa prices; higher import and fiscal costs due to rising oil prices."
    },
    {
      "heading": "Policy actions and IMF staff position",
      "content": "- IMF staff supports:\n  - augmentation of program access under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF);\n  - modification of end-June 2017 performance criteria (PCs).\n- Policy focus areas reflected in subject tags:\n  - Debt sustainability, External debt, Government debt management, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM), Revenue administration."
    },
    {
      "heading": "Risks, channels, and policy implications",
      "content": "- Commodity price volatility:\n  - Fall in world cocoa prices reduces export receipts.\n  - Rise in oil prices increases fiscal pressures.\n- Implication: Adjustment of program access and modification of performance criteria to accommodate shocks and preserve program traction.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/06/22/cote-d-ivoire-first-reviews-under-extended-arrangement-under-the-extended-fund-facility-and-45000"
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    "Published: June 22, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484305102.002",
    "Growth is projected at about 7 percent a year in 2017–19.",
    "Inflation is expected to remain subdued.",
    "Falling world cocoa prices and rising oil prices are cutting into export receipts and fiscal revenues.",
    "The IMF staff supports the authorities’ requests for augmentation of program access under the ECF and EFF arrangements and modification of end-June 2017 performance criteria (PCs).",
    "Growth: about 7 percent a year in 2017–19.",
    "Inflation: expected to remain subdued (no numeric target provided in the source).",
    "External sector pressures: declining export receipts due to falling world cocoa prices; higher import and fiscal costs due to rising oil prices.",
    "IMF staff supports:",
    "Policy focus areas reflected in subject tags:",
    "Commodity price volatility:",
    "Implication: Adjustment of program access and modification of performance criteria to accommodate shocks and preserve program traction.",
    "**Country Report**"
  ],
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