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Expanded Credit Mechanism: The IMF approves reforms and releases nearly 840 million USD

09/12/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The IMF Executive Board completed at Abidjan: the 5th review of agreements supported by the Extended Credit Mechanism (MEDC) and the Extended Credit Facility (FEC) as well as the 4th review of the program supported by the Resilience and Sustainability Facility (FR).

The International Monetary Fund (IMF) approved the reforms initiated by Côte d'Ivoire and validated three programs economical. It paves the way for an immediate disbursement of 839.7 million dollars (473 billion CFA francs). This decision confirms the confidence of the institution in the economic strategy led by Abidjan.

The MEDC-FEC set, approved in May 2023, represents a commitment of 2.6 billion SDR (approximately 3.5 billion SOUTH). The FRD agreement, endowed with 975.6 million SDR, supports the transition climate and economic resilience.

For 2025, Ivorian growth is expected at 6.3%, driven by the secondary and tertiary sectors, as well as by a strong public and private investment. Inflation should fall back around 1%. The current account deficit would narrow to 1.5% of GDP, while the budget deficit would remain contained at 3%, in line with the UEMOA convergence criteria.

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