Cote d’Ivoire: Ivory Coast Completes IMF Program As Debt Risk Falls

Ivory Coast completed its economic program with the International Monetary Fund and was reclassified as being at low risk of debt distress, becoming the only sub-Saharan African country with that status.

The IMF Executive Board completed the sixth and final review of the country’s Extended Credit Facility and Extended Fund Facility arrangements, as well as the fifth review of its Resilience and Sustainability Facility. The approvals make about $832.8 million available for immediate disbursement.