Côte d’Ivoire: Fourth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, Request for Modification of a Quantitative Performance Criterion, and Third Review Under the Resilien

Côte d’Ivoire’s resilient economy has consolidated its role as an anchor of stability in the region. The EFF/ECF-supported program approved in May 2023 (400 percent of quota) has substantially reduced imbalances and safeguarded a moderate risk of debt distress. Important measures have been taken under the RSF arrangement (150 percent of quota) to contribute to prospective balance of payments stability and build resilience to climate-induced shocks and meet the country’s ambitious adaptation and mitigation objectives. The authorities’ ongoing commitment to reforms under both programs should support Côte d’Ivoire’s sustainable transformation towards upper middle-income status over the medium term. The outlook remains favorable supported by strong private demand on the back of rising incomes and investment, with recent international bond issuances highlighting strong investor confidence. Risks appear broadly balanced, notwithstanding rising uncertainties around the global environment and the October 2025 Presidential elections.