Côte d’Ivoire: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative: Preliminary Document

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 033

Publication date: January 2009

ISBN: 9781451807912

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Topics covered in this book

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Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , HIPC debt relief , reform program , NPV terms , clearance operation , government plan , grants from IDA , debt service , transition government , Debt relief , Arrears , Agricultural commodities , Poverty reduction strategy , Budget execution and treasury management , Global , Sub-Saharan Africa

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Summary

This paper discusses Côte d’Ivoire’s preliminary assessment of eligibility for assistance under the Enhanced Heavily Indebted Poor Countries Initiative. The March 2007 Ouagadougou Political Accord provides a roadmap for reunification, national reconciliation, demobilization, and presidential elections. Fiscal consolidation has generated fiscal space while reducing external and domestic arrears. Significant revenue collection efforts and overall expenditure restraint have resulted in a modest primary basic surplus in 2007 and a similar outcome is foreseen for 2008.