Staff members of the International Monetary Fund have successfully concluded discussions with Ivory Coast regarding the inaugural semi-annual evaluation of its economic reform initiative, paving the path for the potential disbursement of an additional $500 million, pending approval by the IMF’s executive board.
The reform program of the West African nation is backed by IMF facilities totaling approximately $3.5 billion, which received approval in May.
An IMF staff team visited Ivory Coast between Sept. 19 and Oct. 3.
“Performance under the programme has been satisfactory so far and … we reached staff-level agreement on all policies,” the head of the delegation, Olaf Unteroberdoerster, said in a Fund statement on Wednesday.
