Côte d'Ivoire: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Extended Credit Facility, and Fifth Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

Côte d’Ivoire has largely succeeded in restoring macroeconomic stability under its Fund-support programs. Over the course of these arrangements, the authorities implemented sustained revenue-based fiscal consolidation, reducing the budget deficit to the WAEMU ceiling of 3 percent of GDP, while significantly narrowing external imbalances. They also made notable progress in improving debt dynamics, with the debt-to-GDP ratio declining for the first time in more than a decade and the risk of debt distress improving from moderate to low. The 2024 RSF complemented these efforts through reforms to strengthen climate change mitigation and adaptation. While the medium-term outlook remains favorable, risks are tilted to the downside given the current volatile global environment, underscoring the need for continued fiscal prudence.