Cote d'Ivoire: 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement
Saved in:
| Format: | Electronic eBook |
|---|---|
| Language: | English |
| Published: |
Washington, D.C.
International Monetary Fund
2013
|
| Series: | IMF country report
no. 13/367 |
| Subjects: | |
| Online Access: | FLA01 |
| Item Description: | Title from PDF title page (IMF Web site, viewed Dec. 23, 2013). - "December 2013.". - "November 2013"--Page 2 of pdf |
| Physical Description: | 1 online resource (144 pages) color illustrations |
| ISBN: | 9781475547634 1475547633 |
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| 505 | 8 | |a "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. | |
| 505 | 8 | |a 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. | |
| 505 | 8 | |a 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 | |
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| contents | "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 |
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| isbn | 9781475547634 1475547633 |
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| spelling | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement Washington, D.C. International Monetary Fund 2013 2013 1 online resource (144 pages) color illustrations txt rdacontent c rdamedia cr rdacarrier IMF country report no. 13/367 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 International Monetary Fund fast International Monetary Fund Cote d'Ivoire BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Economic development fast Economic indicators fast Fiscal policy fast Economic development Cote d'Ivoire Fiscal policy Cote d'Ivoire Economic indicators Cote d'Ivoire International Monetary Fund Sonstige oth |
| spellingShingle | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement "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 International Monetary Fund fast International Monetary Fund Cote d'Ivoire BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Economic development fast Economic indicators fast Fiscal policy fast Economic development Cote d'Ivoire Fiscal policy Cote d'Ivoire Economic indicators Cote d'Ivoire |
| title | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement |
| title_auth | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement |
| title_exact_search | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement |
| title_full | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement |
| title_fullStr | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement |
| title_full_unstemmed | Cote d'Ivoire 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement |
| title_short | Cote d'Ivoire |
| title_sort | cote d ivoire 2013 article iv consultation and fourth review under the extended credit facility arrangement |
| title_sub | 2013 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement |
| topic | International Monetary Fund fast International Monetary Fund Cote d'Ivoire BUSINESS & ECONOMICS / Economics / General bisacsh BUSINESS & ECONOMICS / Reference bisacsh Economic development fast Economic indicators fast Fiscal policy fast Economic development Cote d'Ivoire Fiscal policy Cote d'Ivoire Economic indicators Cote d'Ivoire |
| topic_facet | International Monetary Fund International Monetary Fund Cote d'Ivoire BUSINESS & ECONOMICS / Economics / General BUSINESS & ECONOMICS / Reference Economic development Economic indicators Fiscal policy Economic development Cote d'Ivoire Fiscal policy Cote d'Ivoire Economic indicators Cote d'Ivoire |
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