IMF Staff Country Reports

This paper presents Côte d’Ivoire’s 2024 Article IV Consultation, Third Reviews under Extended Arrangement under the Extended Fund Facility and the Arrangement under the Extended Credit Facility, Request for Modification of a Quantitative Performance Criterion, and Second Review under the Resilience and Sustainability Facility Arrangement. The authorities’ ongoing commitment to reforms under both programs should support Côte d’Ivoire’s transformation toward upper middle-income status over the medium-term and enhance its resilience to climate change. Côte d’Ivoire’s economy continues to display resilience. Strong consumption and investment demand underpin robust economic activity in 2024 despite weaker than expected agricultural production, and construction activity. The fiscal consolidation envisaged in the 2025 budget will be underpinned by high-quality and permanent tax policy measures, as well as tax and customs administration reforms. Safeguarding fiscal space will be aided by the authorities’ commitments to enhance the coverage, transparency, and management of public finances, especially to cover state owned enterprises. Sustaining structural reform momentum and continuous improvements in safeguarding financial integrity and governance are important for unlocking the private sector’s potential.