Cote d'Ivoire [electronic resource] : 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement.

Contributor(s):

International Monetary Fund

Material type: Text

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781475547634
1475547633

Subject(s): Genre/Form:

Electronic books.

DDC classification:

330.96668 23

LOC classification:

HC59.15.I15 No. 13/367eb

Online resources:

EBSCOhost

Summary: "The socio-political situation has improved substantially since the 2011 Article IV Consultation, but significant challenges remain. Boosted by a surge in public investment, economic activity rebounded quickly from the post-election crisis in early 2011. Since end-2011, the focus of policy has shifted from short-term crisis recovery to implementation of policies to promote high and inclusive growth. Cote d'Ivoire reached the HIPC Initiative Completion point in 2012. Article IV discussions: The discussions focused on policies needed to achieve the objectives of the government's 2012-5 National Development Plan (NDP): high growth and reducing poverty. Key policies are additional improvements in the business climate and governance, as well as further efforts to create fiscal space, reinforce the financial sector, and maintain external stability, while preserving the stable macroeconomic environment. Outlook and risks: The medium-term outlook is positive, with robust growth projected in the years ahead. Sustained reform efforts remain needed to maintain high growth rates over the medium term, and improve Cote d'Ivoire's living standards, which have deteriorated significantly since the late 1970s. A slowing down of reform efforts would result in weaker economic growth. External risks include higher financing costs following the end of an accommodative monetary policy in the US. Exchange restrictions and regime: Cote d'Ivoire, a member of the WAEMU, has accepted the obligations under Article VIII and maintains an exchange system free of restrictions on the making of payments and transfers for current international transactions. The WAEMU's exchange regime is a conventional peg to the euro. Program performance has been good: All quantitative performance criteria and indicative targets at end-June 2013 were met. While considerable progress was made in key structural reform areas, a few structural benchmarks were met with delays, and others missed. Staff supports the completion of the fourth review under the ECF and the authorities' request for an increase in the program's limit on new nonconcessional external debt to make room for the issuance of a Eurobond in an amount equivalent to US$500 million. Completion of the review will result in disbursement of an amount equivalent to SDR 48.78 million under the ECF arrangement"--Abstract.

Holdings ( 1 )
Title notes ( 5 )

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
eBook	e-Library	EBSCO Business		Available

Total holds: 0

Title from PDF title page (IMF Web site, viewed Dec. 23, 2013).

"December 2013."

"November 2013"--Page 2 of pdf.

"The socio-political situation has improved substantially since the 2011 Article IV Consultation, but significant challenges remain. Boosted by a surge in public investment, economic activity rebounded quickly from the post-election crisis in early 2011. Since end-2011, the focus of policy has shifted from short-term crisis recovery to implementation of policies to promote high and inclusive growth. Cote d'Ivoire reached the HIPC Initiative Completion point in 2012. Article IV discussions: The discussions focused on policies needed to achieve the objectives of the government's 2012-5 National Development Plan (NDP): high growth and reducing poverty. Key policies are additional improvements in the business climate and governance, as well as further efforts to create fiscal space, reinforce the financial sector, and maintain external stability, while preserving the stable macroeconomic environment. Outlook and risks: The medium-term outlook is positive, with robust growth projected in the years ahead. Sustained reform efforts remain needed to maintain high growth rates over the medium term, and improve Cote d'Ivoire's living standards, which have deteriorated significantly since the late 1970s. A slowing down of reform efforts would result in weaker economic growth. External risks include higher financing costs following the end of an accommodative monetary policy in the US. Exchange restrictions and regime: Cote d'Ivoire, a member of the WAEMU, has accepted the obligations under Article VIII and maintains an exchange system free of restrictions on the making of payments and transfers for current international transactions. The WAEMU's exchange regime is a conventional peg to the euro. Program performance has been good: All quantitative performance criteria and indicative targets at end-June 2013 were met. While considerable progress was made in key structural reform areas, a few structural benchmarks were met with delays, and others missed. Staff supports the completion of the fourth review under the ECF and the authorities' request for an increase in the program's limit on new nonconcessional external debt to make room for the issuance of a Eurobond in an amount equivalent to US$500 million. Completion of the review will result in disbursement of an amount equivalent to SDR 48.78 million under the ECF arrangement"--Abstract.

Master record variable field(s) change: 072, 082